Defiance Daily Target 2X Long ORCL ETF is trading at $35.10 (-4.70%) as markets react to a hawkish Federal Reserve policy hold and broad selling pressure across the technology sector.
- The June 17 Fed announcement signaled no rate cuts through the remainder of 2026, with policymakers indicating the next move could be either a hike or a cut depending on economic data.
- This hawkish macro shift pressured risk assets and tech-heavy ETFs, leading to a decline in Nasdaq futures and the Nasdaq Composite index.
- The downward move is consistent with the fund's leveraged equity exposure during a period of heightened volatility for high-growth technology stocks.