UPRO - ETFs that track the S&P Dow & Nasdaq have all plunged

Benchmark exchange traded funds that track the three major averages have started off Thursday’s trading session well into the red. The slide has come as market participants look to unload positions a day after Fed Chairman Jerome Powell announced a 75-basis point rate hike, as well as signaled the possibility of a similar increase at the Fed's next meeting. Major Averages:  S&P 500 (SP500) -3%, Nasdaq Composite (COMP.IND) -3.9%, and Dow Jones (DJI) -2.3%. S&P 500 ETFs: The SPDR S&P 500 ETF Trust (NYSEARCA:SPY), iShares Core S&P 500 ETF (NYSEARCA:IVV), and Vanguard 500 Index Fund (NYSEARCA:VOO), which each mirror the S&P each find themselves lower by 3%. Falling even further are the 2X and 3X leveraged ProShares Ultra S&P 500 ETF (SSO) and UltraPro S&P 500 ETF (UPRO). SSO is -6.8% while UPRO has declined by 9.6%. Nasdaq ETFs: The world’s fifth largest exchange traded fund Invesco QQQ Trust (NASDAQ:QQQ), with north of $150B assets under management,

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ETFs that track the S&P, Dow, & Nasdaq have all plunged