The ProShares UltraPro QQQ ETF (TQQQ) closed on January 3rd at $82.40, up 4.79%, as technology stocks led a market rebound following a five-day losing streak. The Nasdaq 100, which TQQQ tracks, rose 1.67% to 21,326.16, driven by gains in major tech companies like Nvidia and Tesla. Nvidia surged 4% ahead of a significant speech by its CEO, while Tesla jumped nearly 8% after a recent downturn. The broader market also benefited from positive economic data, with the Institute for Supply Management reporting a rise in new orders, suggesting resilience in U.S. manufacturing. This bolstered investor sentiment despite ongoing concerns about Federal Reserve policy and interest rates.