Market Overview

On Tuesday Aug 04, the Dow Jones Industrial Average added 1.71%, the S&P 500 advanced 1.79%, and the Nasdaq Composite increased 2.59%.

ETF market tone was risk-on, with leveraged equity products broadly firmer while inverse vehicles lagged.

Top 5 US ETF Gainers

Corgi PLTR 2x Daily ETF (PLTL) climbed 58.48%. Designed to deliver two times the daily performance of data analytics company Palantir, the ETF gained as the underlying shares advanced through the session.

Palantir raised its full-year outlook and highlighted unusually strong commercial demand.

Leverage Shares 2X Long PLTR Daily ETF (PLTG) rose 58.13%. The fund targets two times the daily return of Palantir, and it surged alongside the stock’s upswing.

GraniteShares 2x Long PLTR Daily ETF (PTIR) added 58.03%. This product amplifies, by two times, daily moves in Palantir and rallied on the same upward impulse.

ProShares Ultra PLTR ETF (PLTA) increased 58.01%. The ETF seeks two times the daily move of Palantir, tracking the underlying shares’ advance during the session.

Direxion Daily PLTR Bull 2X Shares (PLTU) gained 57.87%. The vehicle provides two times exposure to Palantir’s daily performance, and it climbed as the stock firmed intraday.

Top 5 US ETF Losers

Defiance Daily Target 2X Short PLTR ETF (PLTZ) sank 58.71%. The vehicle seeks two times the inverse of Palantir, and it declined as the underlying exposure strengthened intraday.

Tradr 2X Short AAOI Daily ETF (AAOZ) fell 38.19%. The fund provides two times inverse exposure to photonic chip company Applied Optoelectronics, and it retreated as the stock firmed.

Applied Optoelectronics was reported to gain alongside strength in chip and optical communications shares.

T-REX 2x Long CIFR Daily Target ETF (CIFU) slid 30.75%. The product magnifies, by two times, daily moves in bitcoin mining company Cipher Mining, and it dropped with the underlying pullback.

Leverage Shares 2X Long CIFR Daily ETF (CIFG) declined 30.32%. The ETF seeks two times the daily return of Cipher Mining, and it slumped as the shares eased.

Direxion Daily PLTR Bear 1X Shares (PLTD) decreased 29.21%. The vehicle provides one times inverse exposure to Palantir, and it fell as the stock rallied during the session.

Top 5 Equity Index ETFs

ProShares UltraPro QQQ (TQQQ) rose 10.09%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index’s intraday strength.

Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) gained 7.65%. The fund seeks three times the daily move of the MSCI Emerging Markets benchmark, and the advance reflected broad emerging-market equity firmness.

iShares MSCI South Korea ETF (EWY) increased 6.80%. The fund holds large- and mid-cap South Korean equities via the MSCI Korea benchmark, and it rallied with the country’s market strength.

ProShares Ultra QQQ ETF (QLD) added 6.74%. The vehicle targets two times the daily performance of the Nasdaq-100, and it climbed as the index advanced.

Direxion Daily Small Cap Bull 3x Shares (TNA) advanced 5.58%. The ETF seeks three times the daily return of U.S. small-cap equities through the Russell 2000, and it participated in the small-cap upswing.

Top 5 Commodity ETFs

ProShares UltraShort Bloomberg Crude Oil (SCO) jumped 5.56%. The fund offers two times inverse exposure to Bloomberg WTI crude oil futures, and it rose as oil prices eased.

Oil prices slid amid indications of progress on negotiations related to the Strait of Hormuz.

ProShares Ultra Silver (AGQ) climbed 5.20%. The ETF delivers two times the daily move in silver prices, and it rose with the metal’s strength.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) increased 4.91%. The vehicle provides two times exposure to the NYSE Arca Gold Miners Index, and it gained alongside mining shares.

DB GOLD SHORT ETN (DGZ) advanced 4.70%. The note offers inverse exposure to gold, and it climbed as bullion softened.

VanEck Junior Gold Miners ETF (GDXJ) rose 3.29%. The fund concentrates on small-cap gold mining equities, and it participated in the sector’s upward tone.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 19.87%. The fund targets three times the daily performance of U.S. semiconductor equities, and it rallied with chip-sector strength.

VanEck Semiconductor ETF (SMH) gained 5.55%. The ETF focuses on large semiconductor manufacturers, and it advanced in step with the broader industry.

Technology Select Sector SPDR Fund (XLK) rose 4.98%. The vehicle concentrates on S&P 500 technology constituents, and it added as the sector strengthened.

SPDR S&P Metals & Mining ETF (XME) increased 4.61%. The fund centers on U.S. metals and mining companies, and it climbed amid resource-linked gains.

Invesco Solar ETF (TAN) advanced 4.16%. The ETF targets global solar energy equipment makers, and it benefited from the industry’s constructive session.

Top 5 Bond ETFs

First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 2.21%. The fund invests in U.S. convertible securities, and it advanced alongside the segment.

SPDR Bloomberg Convertible Securities ETF (CWB) gained 1.98%. The ETF holds a diversified portfolio of convertible bonds, and it added with the category’s strength.

iShares Convertible Bond ETF (ICVT) increased 1.75%. The vehicle targets U.S. convertible debt, and it climbed in step with peer products.

VanEck Preferred Securities ex Financials ETF (PFXF) advanced 1.06%. The fund focuses on preferred securities excluding financial issuers, and it edged higher with the group.

SPDR Portfolio Long Term Treasury ETF (SPTL) rose 0.84%. The ETF holds long-duration U.S. Treasury bonds, and it gained during the day’s bid for high-quality duration.

Conclusion

ETF trading reflected a clear risk-on backdrop, with leveraged single-stock products tied to Palantir dominating moves and semiconductor vehicles also strong. Commodity-linked inverses connected to crude oil firmed, while several inverse equity products weakened, highlighting directionality across leverage structures. Index-linked leverage showed broad participation, and convertible and preferred bond funds posted steady gains. Dispersion between leveraged longs and inverse counterparts was pronounced across products covered above.