Sqqq stock price today’s "SQQQ stock price" action

Today’s "SQQQ stock price" action underscores how macro policy uncertainty fuels defensive positioning. Volume-weighted analysis suggests accumulation around $16.60. The tariff tantrums sent the stock market across the globe into a tailspin. U.S. stock sold off sharply, with Dow Jones Industrial Average futures 1.4% in early trading today. The S&P 500 dropped 1.9%, while the Nasdaq Composite Index dived 1.9%. Major Asian indexes saw heavy losses in response to Trump’s tariffs. The MSCI Asia Pacific Index plunged more than 2% in today’s trading session, while Japan’s Nikkei 225 index and South Korea’s Kospi each tumbled more than 2.5%. Hong Kong's Hang Seng Index was down 0.7%, and Australia's ASX 200 fell 1.9%. The Taiwan Stock Exchange weighted index declined more than 3% and pan-European Stoxx 600 was down 1.3% at the time of writing. The global sell-off will result in huge demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span. These products either create a short position or a leveraged short position in the underlying index through swaps, options, futures contracts and other financial instruments. Due to their compounding effect, investors can enjoy higher returns in a short period of time, provided the trend remains a friend. ProShares Short S&P500 ETF SH and ProShares UltraPro Short S&P500 SPXU offer inverse and three-times inverse exposure, respectively, to the daily performance of the S&P 500 Index. ProShares Short QQQ and ProShares UltraPro Short QQQ SQQQ offer inverse and three-times inverse exposure, respectively, to the daily performance of the Nasdaq-100 Index. The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a dividend yield of 5.63%. The "SQQQ stock price" is moving sharply higher as Treasury yields rise, pressuring big tech valuations. Market strategists highlight that a break above the $17 level could trigger additional algo-driven buying of bearish leveraged instruments.