The ProShares UltraPro QQQ ETF (TQQQ) closed on January 2nd at $78.63, down 0.63%, as the Nasdaq-100 Index faced a decline of 0.17% to 20,975.62 amid a broader market downturn. The tech-heavy index was pressured by significant losses in major tech stocks, with Tesla leading the decliners after reporting its first y/y drop in vehicle deliveries, falling 6.1%. Apple also contributed to the decline, dropping 2.6% as it fell short of reaching a $4 trillion market cap. The broader market sentiment was negative, with the S&P 500 and Dow Jones Industrial Average also slipping, marking their longest losing streaks since April. The market's weakness was attributed to profit-taking and a surge in the U.S. dollar, which weighed on equities. Additionally, the energy sector saw gains, with oil prices rising due to expectations of stronger demand and colder weather forecasts, but this was not enough to offset the tech sector's drag on the index.