Tqqq fell 14.28% on Friday as Invesco QQQ Trust dropped 4.8%, cutting a $10,000 position to roughly $8,570. The move hit holders of ProShares UltraPro QQQ hardest because the fund is built to deliver three times the Nasdaq-100’s daily return before fees.
Broadcom and payrolls hit QQQ
4.8% was QQQ’s drop on Friday, its worst day since April 2025, after Broadcom’s light AI revenue guidance helped push technology shares lower. May payrolls also printed 172,000 against an 80,000 estimate, adding another jolt to rate expectations and pressuring long-duration tech.
13.61% is how much tqqq has fallen over the past week, even after the fund is still up 38.79% year-to-date and 103.9% over the past year. QQQ is down 4.5% over the past week, up 14.77% this year, and up 34.35% over the past twelve months, showing that the leverage cuts both ways when the Nasdaq-100 moves sharply.
QQQ's largest weights
Broadcom carried a 5.57% weight in QQQ, while NVIDIA accounted for 9.74%, Microsoft 8.63%, and Apple 7.95%. That concentration left the index exposed when one major artificial-intelligence supplier issued light guidance and traders simultaneously priced in a stronger payrolls report.
0.82% is TQQQ’s expense ratio, a cost that sits on top of the leverage and makes the fund a short-horizon trading tool rather than a plain index proxy. A $10,000 stake held since June 2016 would still be worth roughly $353,789 based on a 3,437.89% ten-year return, but Friday showed how quickly that scale can reverse in a single session.
June 11 CPI on deck
4.05% was the 2-year Treasury yield at week’s end, after touching 4.13% on May 22, while the 10-year yield sat at 4.47%. If those yields stay elevated, the same tech-heavy names that helped power TQQQ higher can keep the ETF sensitive to every fresh inflation reading, with the June 11 CPI print the next catalyst already in view.
