Stock Track | Direxion Daily MU Bull 2X Shares Soars 5.39% in Pre-Market After Trump Praises Micron Technology

Stock Track

07/02

Direxion Daily MU Bull 2X Shares (MUU) surged 5.39% in pre-market trading on Thursday, amplifying gains in its underlying stock, Micron Technology.

The leveraged ETF's rise follows former U.S. President Donald Trump's public praise for Micron Technology. Trump commended the company as a "truly great American company" and one of the "hottest" in the world after Micron invested $250 million into the so-called "Trump Account." This endorsement appears to have buoyed investor sentiment toward the chipmaker and its leveraged tracker.

The positive movement contrasts with earlier pre-market pressure on the ETF, which had faced headwinds from concerns over DRAM supply expansion by Korean rivals and ongoing litigation. Trump's remarks may have provided a counterweight to those negative factors, driving the pre-market rebound.

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