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      Moderna and Crypto-Related ETFs Show Strong Performance Amid Market Declines

      Last week, U.S. stock markets experienced a downturn, with the S&P 500 falling approximately 1.4%, the Nasdaq declining about 2%, and the Dow Jones slipping around 0.4%. The small-cap index Russell 2000 also retreated by about 1.3%. This decline was attributed to renewed inflation concerns and geopolitical tensions, particularly the ongoing U.S.-Iran standoff, which raised fears of rising oil prices. Despite this, U.S. stocks showed signs of recovery on the final trading day of the week as investors sought to stabilize after a sharp sell-off linked to increasing Treasury yields.

      In contrast to the broader market trends, several leveraged ETFs posted significant gains. The Defiance Daily Target 2X Long MRNA ETF (MRNX) surged by 160.7%, driven by a 123% increase in Moderna's stock following positive results from a Phase 3 clinical trial of its mRNA melanoma vaccine. Other notable performers included the Tradr 2X Long TEM Daily ETF (TEMT), which rose 85.4%, and the Volatility Shares Trust XRP 2X ETF (XRPT), which increased by 83.2% as the cryptocurrency market rebounded.

      The cryptocurrency sector saw substantial gains, with Bitcoin rising about 20% to surpass the $79,000 mark, while Ethereum climbed approximately 27%. This surge was partly fueled by a White House meeting involving President Trump and cryptocurrency executives, which raised hopes for a more favorable regulatory environment for digital assets. Ripple's partnerships with major financial institutions also contributed to its 52% increase last week, reflecting growing institutional interest in cryptocurrencies.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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