In a surprising market turnaround, the ProShares UltraPro QQQ TQQQ soared over 35% on Wednesday afternoon, using the coattails of a broad tech-driven rally sparked by President Donald Trump’s 90-day tariff pause for non-retaliating nations.
What To Know: TQQQ, which provides triple-leveraged publicity to the Nasdaq-100 Index, advantages disproportionately from sharp strikes in large-cap know-how shares.
The ETF’s prime holdings mirror these of the Invesco QQQ Belief QQQ and embody mega caps like Apple, Microsoft, Nvidia, Amazon and Meta Platforms—all of which posted double-digit positive factors Wednesday afternoon.
Buyers interpreted the tariff reprieve as a de-escalation of world commerce tensions — notably with key U.S. allies — whereas concurrently deepening strain on China.
Treasury Secretary Scott Bessent’s feedback supplied a coverage framework traders embraced: certainty in reciprocal tariffs, punitive measures for China and potential for future negotiations.
The Nasdaq-100 in the meantime surged 10%, fueling a risk-on rotation into high-beta names, particularly within the know-how and shopper discretionary sectors.
The triple-levered ProShares UltraPro QQQ closed Wednesday up 35.2% at $52.61, in response to information from Benzinga Professional.
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