Direxion Daily Technology Bull 3X Shares is trading 5.2% down today as information technology stocks lag a mixed broader market following recent rate- and geopolitics-driven volatility.
- Investors are paring back high-beta, rate-sensitive tech exposure while awaiting additional Federal Reserve commentary and new June macroeconomic data.
- The sector remains choppy despite a sharp NVIDIA-led semiconductor rally on June 8 that briefly offset the previous week's steep Nasdaq selloff.