ProShares UltraPro S&P500 is trading 3.5% up today as U.S. equities recover from recent weakness driven by inflation data and geopolitical tensions.
- Major indices including the S&P 500, Nasdaq, and Dow are all gaining over 1%, with the fund's 3x leverage amplifying these moves.
- Investors are actively buying the dip following Wednesdayβs selloff, despite recent hotter-than-expected CPI and PPI readings and escalating conflict with Iran.
- The rally is lifting broad large-cap and tech-heavy exposure that dominates the underlying S&P 500 index.