ProShares Ultra S&P500 (SSO) News Today

ProShares Ultra S&P500 (SSO) is trading higher today as U.S. equity markets rallied on stronger-than-expected economic data, fresh all-time highs for the S&P 500 and positive forward-looking forecasts. SSO, which seeks to deliver twice the daily performance of the S&P 500, is benefitting from broad market strength.

• Positive Sentiment: ISM Manufacturing PMI rose to 49.0 and JOLTs job openings jumped to 7.769 million, reinforcing growth expectations and lifting S&P 500 futures.
• Positive Sentiment: The S&P 500 closed Q2 at another all-time high and climbed back above 6,200, boosting momentum for leveraged ETFs like SSO.
• Positive Sentiment: Analysts forecast U.S. indices will remain strong, with pullbacks seen as buying opportunities, supporting continued upside for SSO.
• Neutral Sentiment: S&P Dow Jones Indices left the benchmark unchanged this month, with potential inclusions such as AppLovin eyed later in the year.
• Neutral Sentiment: Early-week predictions have the S&P 500 and Nasdaq set for fresh record highs, a view already priced into SSO’s performance.
• Negative Sentiment: Renewed tariff threats from former President Trump could fuel market volatility, posing downside risks for leveraged ETFs.
• Negative Sentiment: By design, SSO and similar ETFs track but do not outperform their benchmarks over extended periods, a drawback highlighted by some analysts.