The ProShares UltraPro QQQ ETF (TQQQ) closed at $76.83 on January 10, 2025, down 4.77% as the Nasdaq 100 index faced significant pressure following a stronger-than-expected U.S. non-farm payroll report. The report revealed a robust addition of 256,000 jobs in December, surpassing the forecast of 164,000, and the unemployment rate fell to 4.1%. This unexpected strength in the labor market has led to a reassessment of the Federal Reserve's monetary policy, with expectations for rate cuts being pushed back to October. The market's reaction to the strong payroll data resulted in a rise in U.S. Treasury yields, further pressuring growth-oriented sectors like technology. Major tech stocks, including Nvidia, which dropped 6.2%, contributed to the decline in the Nasdaq 100, which fell 1.57% to 20,847.58. Additionally, the anticipation of new U.S. restrictions on chip exports has added to the negative sentiment surrounding tech stocks.