Shares of ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) 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 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.