MicroSectors Solactive FANG Innovation 3X Leveraged ETNs is trading 4.6% up today as high-growth technology stocks recover from a sharp decline triggered by the Federal Reserve’s hawkish policy guidance.
- This 3x leveraged product is amplifying the upside in its underlying Solactive FANG Innovation Index basket as broader indices, especially the Nasdaq, move higher at the open.
- Key FANG and innovation names are stabilizing after the June 17 selloff, which hit the high-growth sector particularly hard following the Fed's decision and guidance.