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Wall Street was steady last week as the S&P 500 added 2.1%. The Dow Jones gained 3% and the Nasdaq advanced 2%, thanks to fading geopolitical tensions and ebbing tariff-related fears. Among the key developments, America's top banks announced plans to raise their third-quarter dividends following successful results from the Federal Reserve’s latest annual stress test.
Nonfarm payrolls in the United States rose by 147,000 in June 2025, following an upwardly revised 144,000 in May and well above forecasts of 110,000. The reading was also in line with the average monthly gain of 146K over the prior 12 months.
Meanwhile, the House of Representatives narrowly passed Donald Trump's sweeping economic legislation, dubbed the "Big, Beautiful Bill," on July 3, 2025 following a dramatic and emotional debate. The final tally stood at 218-214, with only two Republicans — Reps.
Healthcare cuts emerged as one of the bill’s most contentious elements, with projections suggesting millions of Americans could lose coverage. Clean energy provisions also triggered backlash. The final bill abandoned the most extreme proposals but marks a clear pivot away from federal support for renewable energy.
Any Wall of Worry?
Despite the buoyant mood, analysts on Wall Street are signaling caution. The economic data remains murky. A downward revision to Q1 GDP growth, a slight rise in PCE inflation, and continued jobless claims — now at their highest since 2021— point to softness in the labor market.
Winning Leveraged ETFs of the Past Week
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
Tradr 2X Long QBTS Daily ETF (QBTX - Free Report) – Up 39.1%
The Tradr 2X Long QBTS Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the common shares of D-Wave Quantum Inc. The fund charges 130 bps in fees.
Defiance Daily Target 2X Long RGTI ETF (RGTX - Free Report) – Up 37.7%
The Defiance Daily Target 2X Long RGTI ETF seeks daily leveraged investment results of two times the daily percentage change in the share price of Rigetti Computing, Inc. The fund charges 131 bps in fees.
Tradr 2X Long UPST Daily ETF (UPSX - Free Report) – Up 34.2%
The Tradr 2X Long UPST Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the common shares of Upstart Holdings Inc. the fund charges 130 bps in fees.
Defiance Daily Target 2X Long RIOT ETF (RIOX - Free Report) – Up 31.7%
The Defiance Daily Target 2X Long RIOT ETF seeks daily leveraged investment results of two times the daily percentage change in the share price of Riot Platforms, Inc. The fund charges 95 bps in fees.
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Best-Performing Leveraged ETFs of Last Week
Wall Street was steady last week as the S&P 500 added 2.1%. The Dow Jones gained 3% and the Nasdaq advanced 2%, thanks to fading geopolitical tensions and ebbing tariff-related fears. Among the key developments, America's top banks announced plans to raise their third-quarter dividends following successful results from the Federal Reserve’s latest annual stress test.
The results indicate that the banks have sufficient capital to weather severe economic disruptions, including recession, high unemployment, and market instability (read: Banks Lift Payouts Amid Successful Stress Test: ETFs in Focus).
Nonfarm payrolls in the United States rose by 147,000 in June 2025, following an upwardly revised 144,000 in May and well above forecasts of 110,000. The reading was also in line with the average monthly gain of 146K over the prior 12 months.
Meanwhile, the House of Representatives narrowly passed Donald Trump's sweeping economic legislation, dubbed the "Big, Beautiful Bill," on July 3, 2025 following a dramatic and emotional debate. The final tally stood at 218-214, with only two Republicans — Reps.
Healthcare cuts emerged as one of the bill’s most contentious elements, with projections suggesting millions of Americans could lose coverage. Clean energy provisions also triggered backlash. The final bill abandoned the most extreme proposals but marks a clear pivot away from federal support for renewable energy.
Any Wall of Worry?
Despite the buoyant mood, analysts on Wall Street are signaling caution. The economic data remains murky. A downward revision to Q1 GDP growth, a slight rise in PCE inflation, and continued jobless claims — now at their highest since 2021— point to softness in the labor market.
Winning Leveraged ETFs of the Past Week
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
Tradr 2X Long QBTS Daily ETF (QBTX - Free Report) – Up 39.1%
The Tradr 2X Long QBTS Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the common shares of D-Wave Quantum Inc. The fund charges 130 bps in fees.
Defiance Daily Target 2X Long RGTI ETF (RGTX - Free Report) – Up 37.7%
The Defiance Daily Target 2X Long RGTI ETF seeks daily leveraged investment results of two times the daily percentage change in the share price of Rigetti Computing, Inc. The fund charges 131 bps in fees.
Tradr 2X Long UPST Daily ETF (UPSX - Free Report) – Up 34.2%
The Tradr 2X Long UPST Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the common shares of Upstart Holdings Inc. the fund charges 130 bps in fees.
Defiance Daily Target 2X Long RIOT ETF (RIOX - Free Report) – Up 31.7%
The Defiance Daily Target 2X Long RIOT ETF seeks daily leveraged investment results of two times the daily percentage change in the share price of Riot Platforms, Inc. The fund charges 95 bps in fees.