The Direxion Daily MU Bull 2X Shares (MUU) surged 5.07% intraday, significantly outperforming the broader market. This leveraged exchange-traded fund, which aims to deliver twice the daily performance of Micron Technology stock, benefited from gains in its underlying asset.

Micron Technology (MU) rose 2.52% during the trading session, providing the fundamental boost for the leveraged ETF. The advance in Micron shares occurred despite a broader market selloff, where major U.S. indices closed lower amid rising Treasury yields and increased expectations for Federal Reserve rate hikes by the end of 2026.

The performance highlights how leveraged ETFs can amplify the movements of their underlying holdings, with MUU's approximate 5.07% gain reflecting roughly twice the 2.52% increase in Micron's stock price during the session.