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Wall Street sell-off hits leveraged ETFs and stocks, with some dropping over 40% amid broad market fears.

Market News
29 Jul 2026
Andrew Wynn
View Source
Bearish
pluang ai news

A broad sell-off on Wall Street pushed the S&P 500 to four-week lows, heavily impacting leveraged ETFs and individual stocks. Leveraged ETFs like the Daily Target 2X Long LMND ETF fell sharply by over 48%, reflecting their amplified risk and volatility. Individual stocks such as Parsons Corporation and Bandwidth Inc. also saw significant declines, with Bandwidth dropping despite positive earnings, highlighting the strong influence of overall market sentiment. This widespread downturn underscores the risks of leveraged ETFs and the impact of market-wide fears on stock prices, suggesting cautious trading ahead.

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