🔴 ProShares UltraPro QQQ is trading 3.2% down today as hawkish Fed signals pressure tech shares

ProShares UltraPro QQQ is trading 3.2% down today as hawkish Federal Reserve signals regarding interest rates pressure growth and technology shares.

• The ETF’s leveraged exposure to the Nasdaq-100 is amplifying losses, as it is designed to deliver 3x the daily return of the index.
• The move follows the Fed's decision to hold rates while signaling no cuts in 2026 and a potential future hike, weighing heavily on growth-oriented sectors.
• Major indices have pulled back sharply as investors digest the prospect of higher-for-longer interest rates.