SNDQ is trading at $16.44 (-3.46%) as the decline appears primarily tied to Nasdaq positioning and profit-taking.

  • Strong Salesforce guidance helped support software shares, while investors looked beyond NVIDIA’s post-earnings decline.
  • Relatively resilient Nasdaq futures and technology-sector sentiment reversed part of the inverse ETF’s recent gains; Nasdaq 100 futures were recently down 0.3%.
  • Renewed U.S.-Iran fighting, sharply higher oil prices, and hawkish Federal Reserve expectations are weighing on equities overall.