Direxion's 3x Tech ETF TECL Collapsed 19.93% Friday While XLK Fell Just 6.66%: Here's Why - 24/7 Wall St. Direxion's 3x Tech ETF TECL Collapsed 19.93% Friday While XLK Fell Just 6.66%: Here's Why By Michael Williams Published Jun 7, 9:15AM EDT Quick Read TECL shed 20% Friday but still holds a 10-year return of 5,691%, proof that 3x daily leverage amplifies crashes and compounding equally. Broadcom's $16B Q3 AI guide missed the Street's $17B target and NVDA fell 6%, together crushing XLK's top-heavy index in ...