🟢 Direxion Daily MU Bull 2X Shares soars 11.2% as underlying Micron (MU) rallies on S&P 500 inclusion news

Direxion Daily MU Bull 2X Shares is trading 11.2% higher as its underlying stock, Micron (MU), surged in pre-market trading following news of its upcoming inclusion in the S&P 500 index.

• The primary catalyst for the move is the announcement that Micron will be added to the benchmark S&P 500, a significant event that typically forces index-tracking funds to purchase the stock.
• Micron's pre-market gains were reported to be over 7% on the news.
• The rally also represents a sharp rebound from a severe, sector-wide selloff in semiconductor stocks that occurred late last week.