Market Overview
From Aug 03 to Aug 07, 2026, the Dow Jones Industrial Average gained 2.96%, the S&P 500 rose 3.58%, and the Nasdaq Composite advanced 5.19%.
ETF market breadth was constructive, with leveraged equity and commodity-linked products broadly firmer while inverse funds eased. Positioning favored high beta and precious-metals exposures as volatility rewarded directional risk.
Top 5 US ETF Gainers
Direxion Daily PLTR Bull 2X Shares (PLTU) advanced 82.96%. The ETF seeks two times the daily move of data analytics company Palantir, and it rallied as the underlying shares climbed over the week.
GraniteShares 2x Long PLTR Daily ETF (PTIR) gained 82.89%. This product amplifies, by two times, daily moves in Palantir and jumped alongside the stock's upswing.
MicroSectors Gold Miners 3x Leveraged ETN (GDXU) climbed 73.88%. Designed to deliver three times the daily performance of large gold mining equities, the ETN surged as miners advanced during the week.
Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) rose 49.57%. The fund targets two times the daily return of junior gold miners, and the gain reflected the segment's weekly strength.
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) added 45.14%. The vehicle seeks two times the daily performance of major gold miners and increased as the group climbed over the week.
Top 5 US ETF Losers
MicroSectors Gold Miners -3x Inverse Leveraged ETN (GDXD) sank 48.58%. The product provides three times inverse exposure to large gold miners, and it tumbled as the mining shares strengthened during the week.
Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) fell 36.58%. Designed for two times inverse daily exposure to junior gold miners, the ETF slid as the juniors rallied.
Direxion Daily PLTR Bear 1X Shares (PLTD) declined 35.27%. The vehicle seeks one times inverse daily exposure to Palantir, and it retreated as the underlying stock firmed over the week.
Options activity in Palantir featured a sizable bear call spread that was viewed as capping upside despite a smaller bullish wager.
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) dropped 34.17%. The fund offers two times inverse exposure to major gold miners, and it fell as the sector advanced.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) retreated 22.70%. This ETN aims for three times inverse exposure to the FANG+ Index of large-cap growth and technology leaders, and it slipped as those constituents advanced over the week.
Top 5 Equity Index ETFs
ProShares UltraPro QQQ (TQQQ) rose 15.24%. The ETF targets three times the daily performance of the Nasdaq-100, and it benefited from the index's weekly strength.
ProShares UltraPro S&P500 ETF (UPRO) added 10.57%. The fund seeks three times the daily move of the S&P 500, and the advance mirrored the benchmark's positive week.
Direxion Daily Small Cap Bull 3x Shares (TNA) climbed 10.49%. Designed to deliver three times the daily performance of U.S. small-caps via the Russell 2000, the fund gained with the week's risk-on tone.
Proshares Ultra QQQ ETF (QLD) gained 10.19%. The vehicle offers two times the daily performance of the Nasdaq-100, and it climbed as the mega-cap growth benchmark advanced.
ProShares UltraPro Dow30 ETF (UDOW) increased 8.62%. The ETF aims for three times the daily return of the Dow Jones Industrial Average, and it rose in step with the average's weekly gain.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) added 45.14%. The fund provides two times daily exposure to major gold miners, and the gain tracked broad strength across the miners.
VanEck Junior Gold Miners ETF (GDXJ) advanced 23.30%. The ETF holds small- and mid-cap gold mining equities, and the advance followed the group's strong week.
VanEck Gold Miners ETF (GDX) climbed 21.24%. This fund concentrates on large global gold miners, and it rose alongside the sector rally.
ProShares Ultra Silver (AGQ) increased 20.23%. The ETF seeks two times the daily performance of silver prices, and it climbed as the metal advanced.
ProShares Ultra Gold (UGL) gained 14.71%. The fund targets two times daily moves in gold prices, and it advanced as bullion strengthened during the week.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) jumped 22.25%. The ETF targets three times the daily performance of U.S. semiconductor manufacturers, and it rallied with the chip group.
SPDR S&P Metals & Mining ETF (XME) advanced 14.99%. The fund tracks U.S. metals and mining equities across steel, coal, and diversified miners, and it moved higher with the week's cyclical bid.
VanEck Uranium and Nuclear ETF (NLR) rose 10.29%. The ETF holds uranium miners and nuclear power utilities, and it gained as the theme firmed during the week.
PROSHARES ULTRA MATERIALS (UYM) increased 9.76%. This product seeks two times daily exposure to the U.S. materials sector, and it added as commodity-linked equities strengthened.
VanEck Semiconductor ETF (SMH) gained 7.80%. The fund concentrates on large semiconductor manufacturers and participated in the week's sector strength.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 2.88%. The ETF invests in U.S. convertible securities with a strategic approach, and the advance reflected supportive risk sentiment.
VanEck Preferred Securities ex Financials ETF (PFXF) gained 2.56%. The fund holds preferred securities excluding financial issuers, and it climbed amid steady credit conditions during the week.
iShares Convertible Bond ETF (ICVT) increased 2.19%. This ETF tracks a diversified portfolio of U.S. investment-grade and high-yield convertibles, and it gained alongside equities.
SPDR Bloomberg Convertible Securities ETF (CWB) added 1.97%. The vehicle focuses on U.S. convertible bonds, and it advanced as the hybrid segment firmed.
First Trust Emerging Markets Local Currency Bond ETF (FEMB) rose 1.84%. The fund owns emerging markets local-currency sovereign bonds, and it moved higher as sentiment toward risk assets improved.
Conclusion
A risk-on tone dominated the ETF landscape this week, with leveraged single-stock vehicles tied to Palantir and gold miners bulls setting the pace while inverse counterparts slumped. Cross-asset leadership skewed toward growth-heavy equity indexes and precious metals, and dispersion between leveraged longs and their inverse peers was pronounced across products highlighted above.
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