Direxion Daily Technology Bull 3X Shares is trading 5.4% down today as information technology stocks extend a two-day slide driven by Broadcom’s post-earnings plunge and broader semiconductor weakness.
- Investors are locking in profits after a strong multi-week AI and tech run while rotating capital toward value and industrial names.
- Tech-heavy Nasdaq futures are underperforming ahead of the key U.S. Employment Situation report, with macro uncertainty adding to the risk-off tone in growth and AI-sensitive names.