Shares of ProShares UltraPro QQQ ETF jumped 5.5% to $59.90 during Friday's session, tracking a broad advance in U.S. tech stocks following a stronger-than-expected April jobs report and robust corporate earnings.

What To Know: The leveraged ETF, which seeks to deliver triple the daily performance of the Nasdaq-100, benefited from tech strength as the index climbed to its highest level since late March.

Solid employment data fueled optimism, with nonfarm payrolls rising by 177,000—well above economists' forecasts of 130,000—easing fears of tariff-related hiring slowdowns.

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All eleven S&P 500 sectors traded in positive territory, with financials slightly outpacing technology. Still, the Nasdaq's rebound supported outsized gains in growth-oriented funds like TQQQ. Despite Apple's 4% slide on weak China sales, other mega-cap tech names ended the week higher.

Meanwhile, falling Treasury recession odds and a weaker U.S. dollar added tailwinds. Markets also shifted expectations for Fed policy, with bets on a June rate cut receding. The S&P 500 eyed its ninth straight gain—its longest streak in nearly a year.

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According to data from Benzinga Pro, TQQQ has a 52-week high of $93.78 and a 52-week low of $35.00.