TQQQ - Why Nasdaq-100 Leveraged ETF TQQQ Is Falling | Benzinga
ProShares UltraPro QQQ (NASDAQ:TQQQ) shares are trading lower by 5.1% to $56.50 Tuesday morning.
The leveraged ETF is falling after inflation for January 2024 dipped slightly but missed economists’ forecasts.
The annual Consumer Price Index (CPI) inflation rate fell to 3.1%, down from 3.4%, but higher than the expected 2.9%. Monthly CPI increased by 0.3%, surpassing the expected 0.2%. Core CPI, excluding food ...