Market Overview
On Monday, Aug. 03, the Dow Jones Industrial Average gained 1.32%, the S&P 500 rose 1.48%, and the Nasdaq Composite advanced 2.13%.
ETF market breadth was constructive, with leveraged equity products broadly firmer alongside the wider rebound. Flows also favored commodity-linked vehicles as crude weakness lifted bearish energy exposures.
Top 5 US ETF Gainers
T-Rex 2X Long CRWV Daily Target ETF (CRWU) advanced 38.88%. The fund targets two times the daily return of cloud infrastructure company CoreWeave, and it rallied as the underlying shares climbed.
CoreWeave rallied alongside cloud computing stocks as commentary highlighted rising AI infrastructure spending and Truist raised its rating.
Tradr 2X Long CRWV Daily ETF (CWVX) gained 38.76%. The ETF seeks two times the daily move of CoreWeave, tracking the underlying shares' advance during the session.
Leverage Shares 2X Long CRWV Daily ETF (CRWG) rose 38.65%. This product amplifies, by two times, daily moves in CoreWeave and jumped alongside the stock's upswing.
Corgi CRWV 2x Daily ETF (CRWX) increased 37.85%. Designed to deliver two times the daily performance of CoreWeave, the ETF gained as the shares firmed.
T-REX 2X Long TE Daily Target ETF (TEUP) climbed 34.65%. The product magnifies, by two times, daily moves in electronic connectors manufacturer TE Connectivity and rose with the stock's strength.
Top 5 US ETF Losers
T-REX 2X INVERSE CRWV DAILY TARGET ETF (CORD) fell 38.98%. The vehicle seeks two times the inverse of CoreWeave, and it tumbled as the underlying exposure strengthened intraday.
Tradr 2X Short AAOI Daily ETF (AAOZ) declined 34.10%. The fund targets two times the inverse of photonic chip company Applied Optoelectronics, and it slid as the shares advanced.
Corgi GME 2x Daily ETF (GMEC) retreated 25.22%. The ETF seeks two times the daily move of video game retailer GameStop, and it slid as the underlying retreated.
T-REX 2X Long GME Daily Target ETF (GMEU) dropped 24.68%. This product amplifies, by two times, daily moves in GameStop and fell in step with the stock's pullback.
Tradr 2X Short NBIS Daily ETF (NBIZ) decreased 23.20%. Designed to deliver two times the inverse of AI cloud infrastructure provider Nebius Group, the ETF dropped as the underlying firmed.
Nebius advanced with AI infrastructure peers and was initiated at an outperform rating by Baird.
Top 5 Equity Index ETFs
ProShares UltraPro QQQ (TQQQ) added 5.17%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index's intraday strength.
Direxion Daily Small Cap Bull 3x Shares (TNA) rose 5.01%. The fund aims for three times the daily move of the Russell 2000 small-cap benchmark and advanced with the gauge.
ProShares UltraPro S&P500 ETF (UPRO) increased 4.31%. The vehicle seeks three times the daily return of the S&P 500 and climbed as the broad benchmark gained.
ProShares UltraPro Dow30 ETF (UDOW) gained 3.91%. The fund delivers three times the daily performance of the Dow Jones Industrial Average and moved higher alongside the blue-chip index.
Proshares Ultra QQQ ETF (QLD) advanced 3.53%. The product seeks two times the daily move of the Nasdaq-100 and participated in the index’s rally.
Top 5 Commodity ETFs
ProShares UltraShort Bloomberg Crude Oil (SCO) rose 6.67%. The fund provides two times inverse exposure to Bloomberg WTI crude oil futures and advanced as crude prices slid.
ICE Brent crude oil futures declined, underscoring broader weakness in crude during the session.
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) climbed 5.19%. The ETF targets two times the daily performance of large gold mining equities and rallied with the miners’ strength.
VanEck Junior Gold Miners ETF (GDXJ) gained 3.44%. The fund emphasizes small- and mid-cap gold producers and benefited as junior miners firmed.
VanEck Gold Miners ETF (GDX) advanced 2.63%. The vehicle concentrates on large gold mining companies and rose in step with the group.
PROSHARES ULTRASHORT ENERGY (DUG) increased 2.48%. The fund offers two times inverse exposure to U.S. energy equities and added as the sector softened alongside weaker crude.
Top 5 Industry ETFs
VanEck Uranium and Nuclear ETF (NLR) rose 4.40%. The fund holds companies across uranium mining and nuclear energy operations, and it advanced with the niche’s momentum.
Invesco Solar ETF (TAN) climbed 3.87%. The ETF invests in global solar equipment makers and installers and moved higher with the clean-energy theme.
iShares U.S. Home Construction ETF (ITB) gained 2.83%. The fund concentrates on U.S. homebuilders and related suppliers and rose during the session.
Direxion Daily Energy Bear 2x Shares (ERY) advanced 2.70%. The product delivers two times inverse exposure to U.S. energy equities and firmed as the group eased.
SPDR S&P Homebuilders ETF (XHB) added 2.57%. The fund focuses on U.S. homebuilding and home improvement companies and participated in the day’s strength.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 2.34%. The fund invests in a diversified portfolio of convertible securities and benefited from strength across the asset class.
VanEck Preferred Securities ex Financials ETF (PFXF) gained 2.10%. The vehicle focuses on preferred securities issued outside the financial sector and moved higher with broader preferreds.
iShares Convertible Bond ETF (ICVT) advanced 1.79%. The fund offers exposure to the U.S. convertible bond market and increased as convertibles strengthened.
SPDR Bloomberg Convertible Securities ETF (CWB) climbed 1.63%. The ETF tracks a broad convertible securities benchmark and rose with the segment.
Innovator S&P Investment Grade Preferred ETF (EPRF) added 0.99%. The fund targets investment-grade preferred stocks and edged higher with the space.
Conclusion
Risk appetite skewed positive across ETFs, highlighted by sharp gains in leveraged single-stock vehicles tied to cloud infrastructure alongside strength in growth-heavy equity index products. Commodity-linked funds also featured, with crude oil inverses advancing as energy equities softened and gold miner exposures firmed. The session saw pronounced divergence between leveraged longs and their inverse counterparts linked to the same underlyings, particularly around CoreWeave and Nebius, emphasizing leverage-driven dispersion across today’s roster.
