On September 21, Proshares Ultra QQQ ETF rose 5.01% in regular trading, trading at $95.545/share, with turnover of $239 million. As a 2x daily leveraged product tracking the Nasdaq 100 Index, the ETF's gain closely mirrored approximately twice the underlying index's move.

On the news front, the Nasdaq 100 Index surged over 2% during the session, reclaiming the 30,000 level. Component stocks rallied broadly, led by Intel up over 13%, Arm Holdings up over 12%, AMD up over 9%, and Meta up over 7%. The optical communications sector also saw strong gains, with Astera Labs up over 7% and Credo up over 6%. Meta received a further boost after its Muse AI agent topped the U.S. iPhone download charts just one week after launch.

Providing additional support, analysts noted that the tech sector's forward valuation premium has narrowed to approximately 9%, near a decade low, even as forward earnings growth estimates were revised upward by roughly 20% over the past three months. Meanwhile, the Fed's latest policy outlook reassured investors, contributing to falling bond yields and improved risk appetite.

Proshares Ultra QQQ ETF invests in financial instruments designed to produce daily returns consistent with 2x the Nasdaq 100 Index. The index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

(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.)