In a surprising market turnaround, the ProShares UltraPro QQQ TQQQ soared over 35% on Wednesday afternoon, driving 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 gives triple-leveraged publicity to the Nasdaq-100 Index, advantages disproportionately from sharp strikes in large-cap expertise shares.
The ETF’s high 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 worldwide commerce tensions — significantly with key U.S. allies — whereas concurrently deepening stress on China.
Treasury Secretary Scott Bessent’s feedback offered a coverage framework buyers 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 expertise and client discretionary sectors.
The triple-levered ProShares UltraPro QQQ closed Wednesday up 35.2% at $52.61, based on information from Benzinga Professional.
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