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Benzinga
Benzinga
Business
Henry Khederian

Why ProShares UltraPro QQQ (TQQQ) Is Trading Lower Monday

Donald Trump Japan South Korea
UnitedHealthcare Group, Gryphon Digital Mining, AMC Entertainment, Centene, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

ProShares UltraPro QQQ (NASDAQ:TQQQ), a popular leveraged exchange-traded fund, is trading lower Monday afternoon. The drop followed a broad market sell-off triggered by President Donald Trump’s announcement of sweeping 25% tariffs on all imports from Japan and South Korea, set to take effect on Aug. 1.

What To Know: TQQQ is a financial instrument designed to provide investors with three times the daily performance of the Nasdaq-100 Index, which is heavily weighted with technology and growth stocks. Due to this 3x leverage, any movements in the Nasdaq-100 are amplified in the TQQQ.

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