Direxion Daily Semiconductor Bull 3X Shares is trading 13.1% higher in pre-market as semiconductor and broader information technology names rally alongside a strong rebound in U.S. equity futures.
- Market sentiment is being boosted by a tentative U.S.–Iran peace agreement that reopened the Strait of Hormuz, significantly easing energy and inflation fears.
- The move reflects leveraged exposure to the ICE Semiconductor Index as investors rotate back into growth and AI-linked tech stocks ahead of the first FOMC meeting under Chair Kevin Warsh.