ProShares UltraPro QQQ is trading 5.1% down today as growth stocks slide and investors de-risk ahead of the U.S. Employment Situation report, amplifying weakness in Nasdaq futures.
- The selloff follows a sharp tech and semiconductor rotation sparked by Broadcom’s post-earnings drop and broader profit-taking in high-valuation names.
- Tech benchmarks remain under significant pressure while value and cyclical sectors are holding up better during the market-wide de-risking phase.