TQQQ's 14% Drop Highlights Risks of Leveraged ETFs
ProShares UltraPro QQQ (NASDAQ:TQQQ), a 3x leveraged ETF, fell 14.28% on June 5 due to the Nasdaq-100’s worst day since April 2025, driven by weak AI revenue guidance from Broadcom and softer-than-expected May payrolls data. The drop turned $10,000 into approximately $8,570 in a single session.
Topics: leverage risk QQQ performance stock market crash TQQQ