The ProShares UltraPro Short QQQ ETF (SQQQ) closed at $28.01 on December 26, 2024, up 0.29% as the Nasdaq 100 Index faced downward pressure from rising Treasury yields. The Nasdaq 100 fell by 0.13% to 21,768.31, as higher yields, with the 10-year Treasury note reaching 4.64%, weighed heavily on growth and tech stocks. This increase in yields has created headwinds for megacap stocks like Amazon and Meta, which saw declines of 0.8% and 1%, respectively. The broader market sentiment was also affected by a rise in jobless claims to 1.91 million, indicating potential labor market softening. Additionally, the cryptocurrency market experienced a post-holiday slump, with Bitcoin falling 2.6%, further impacting tech-heavy indices.