Direxion Daily Technology Bull 3X Shares is trading 2.3% down today as information technology stocks pull back following a sharp multi-day AI- and semiconductor-driven rally to record U.S. index highs.
- Rising oil prices and escalating U.S.–Iran tensions are driving a broader risk-off tone, pressuring growth and rate-sensitive tech names.
- Uncertainty around key services and factory data is further weighing on sentiment, amplifying downside in this 3x leveraged ETF.