The MicroSectors FANG Innovation 3x Leveraged ETN (BULZ) fell 18% on June 5, 2026, following a broad selloff in major tech stocks like NVIDIA, Broadcom, Tesla, Meta, and Amazon. This product amplifies daily index moves by three times, so a coordinated drop in its equal-weighted tech basket led to a sharp decline. The selloff was triggered by disappointing AI semiconductor guidance from Broadcom and a stronger-than-expected May payroll report, which pushed Treasury yields higher and raised concerns about future rate hikes. Investors should watch upcoming CPI data and Fed commentary, as these will influence whether the tech sector rebounds or continues to face pressure from rising rates and spending uncertainties.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
The SPDR NYSE Technology ETF (XNTK) has significantly outperformed the Invesco QQQ Trust (QQQ) over the past year, returning 51.65% compared to QQQ's 28.43%. XNTK uses an equal-weight approach focusing solely on about 35 tech leaders, capturing broad...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...
The State Street SPDR Portfolio S&P 500 ETF (SPYM) has been selected as the default investment for the new Trump Accounts program, which provides eligible newborns with a $1,000 Treasury contribution invested in this fund. SPYM tracks the S&P 500 ind...
