On July 17, MicroSectors 3x Long FANG+ Index ETN (FNGU) declined 9.75% in regular trading, trading at $25.41/share, with turnover of $25.357 million.

On the news front, a broad tech selloff swept through U.S. markets as Fed officials delivered concentrated hawkish signals, reigniting inflation concerns and suppressing risk appetite. Netflix fell nearly 11%, Intel and AMD dropped nearly 3%, NVIDIA fell over 2%, while Tesla and Microsoft declined nearly 2%. The Philadelphia Semiconductor Index has retreated approximately 19% from its June high, entering a technical bear market.

Fed Vice Chair Philip Jefferson stated that if inflation does not cool soon, the Fed should consider raising rates. Dallas Fed President Lori Logan explicitly called for rate hikes, while Kansas City Fed President Jeff Schmid warned of further inflation acceleration risk. Meanwhile, Google's flagship Gemini 3.5 Pro model reportedly faces a delayed launch due to underperforming coding capabilities, deepening doubts over AI momentum. As a triple-leveraged product, FNGU amplified the underlying FANG+ index losses.

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)