The Direxion Daily S&P 500 Bull 3X Shares (SPXL) closed down 3.15% at $176.89 on December 27, 2024, as a broad sell-off in technology stocks dragged the S&P 500 lower. The "Magnificent 7" tech giants, including Apple, Microsoft, Amazon, and Meta, each fell by at least 2%, contributing significantly to the index's decline. This pullback comes amid thin holiday trading volumes, which often amplify market volatility. The S&P 500, despite a 1.1% drop today, remains up about 25% year-to-date. Rising Treasury yields, with the 10-year yield climbing to 4.63%, also pressured equities as investors adjusted their portfolios.