2 x Leveraged Amazon ETF Gains Nearly 30%; 2 x Leveraged Apple ETF Falls More Than 14%
The 2x leveraged Amazon ETF gained nearly 30%, while the 2x leveraged Apple ETF fell more than 14%. U.S. stocks closed higher Friday. The Nasdaq Composite rose 1%, gaining 1.59% for the week but falling 3.2% in July. The S&P 500 rose 0.7%, gaining 1.05% for the week and declining 0.13% in July. The Dow Jones Industrial Average rose 0.53%, gaining 1.04% for the week and advancing 0.32% in July, marking its fourth consecutive monthly gain. Investors continued to focus on earnings from technology companies. Amazon shares jumped more than 15% after the company reported optimistic earnings, while the 2x leveraged Amazon ETF gained nearly 30%. Apple shares plunged more than 7%, and the 2x leveraged Apple ETF fell more than 14%.
The 2x leveraged Amazon ETF gained nearly 30%, while the 2x leveraged Apple ETF fell more than 14%.
U.S. stocks closed higher Friday. The Nasdaq Composite rose 1%, gaining 1.59% for the week but falling 3.2% in July. The S&P 500 rose 0.7%, gaining 1.05% for the week and declining 0.13% in July. The Dow Jones Industrial Average rose 0.53%, gaining 1.04% for the week and advancing 0.32% in July, marking its fourth consecutive monthly gain.
Investors continued to focus on earnings from technology companies. Amazon shares jumped more than 15% after the company reported optimistic earnings, while the 2x leveraged Amazon ETF gained nearly 30%. Apple shares plunged more than 7%, and the 2x leveraged Apple ETF fell more than 14%.
U.S. stocks closed higher Friday. The Nasdaq Composite rose 1%, gaining 1.59% for the week but falling 3.2% in July. The S&P 500 rose 0.7%, gaining 1.05% for the week and declining 0.13% in July. The Dow Jones Industrial Average rose 0.53%, gaining 1.04% for the week and advancing 0.32% in July, marking its fourth consecutive monthly gain.
Investors continued to focus on earnings from technology companies. Amazon shares jumped more than 15% after the company reported optimistic earnings, while the 2x leveraged Amazon ETF gained nearly 30%. Apple shares plunged more than 7%, and the 2x leveraged Apple ETF fell more than 14%.