Direxion Daily Technology Bull 3X Shares is trading 2.2% down in pre-market as the information technology sector continues to lag following a sharp intraday reversal on June 9.
- Global risk sentiment has weakened further overnight, with Nasdaq futures declining ahead of the key U.S. CPI release scheduled for 08:30.
- The sell-off follows a volatile session where the Nasdaq dropped as much as 2.21%, pressuring rate-sensitive, high-beta tech shares and leveraged products.
- Persistent weakness in AI and technology stocks reflects investor caution as the market awaits inflation data to gauge future interest rate moves.