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March 04, 2023
- Market leader Vanguard Mortgage-Backed Securities ETF puts in stellar performance, gaining 0.8%; currently at $45.5
- Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% yesterday
- DAX is up by 1.64%, hitting 15,578.
Yesterday's market activity meant that markets had an interesting day yesterday; S&P 500 gained 1.61% and closed at 4,045.64. Nasdaq ended the session at 11,700 after a 1.97% gain.
US markets are now currently closed and set to reopen Monday; meanwhile, European markets closed higher yesterday whilst DAX moves up to 15,578 (up 1.64%). Upbeat Asia-Pacific markets ended yesterday higher as Nikkei moves up by 1.56%, reaching 27,927.
Marvell Technology Group Ltd and Best Buy Co Inc have released their earnings reports; Futu Holdings Limited and Oracle will publish their respective reports in due course.
Uptick coincides with some positive signs published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 190,000.
Today's rise takes place amid mixed market indicators — United States ISM Non-Manufacturing PMI (Feb) came out at 55.1, while a consensus of analysts was expecting 54.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 224,200, while the previous figure was 243,800.
While most assets did well yesterday, some did better than others as Vanguard Mortgage-Backed Securities ETF trades at $45.5 having gained 0.8%. IShares Core Total USD Bond Market ETF (up 0.716%) is also performing well.
Yesterday's bullishness contained stragglers as noticeable risk-on sentiment wasn't enough to prevent iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF giving up 1 cents, or 0.04%, before ending the session at $25.35.
Vanguard Mortgage-Backed Securities ETF | Closed +0.8% at $45.5
A bright session dominated by bullish sentiment helped VMBS to close 36 cents higher, while setting a $45.26 to $45.53 session range. Vanguard Mortgage-Backed Securities ETF disclosed a quarterly dividend of 11.8 cents per share on Monday, December 26th — to be paid on Monday, March 6th to all shareholders of record up until Thursday, March 2nd. The company's decision delivers Vanguard Mortgage-Backed Securities ETF shareholders with an annual dividend yield of 1.04%.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
With around a month of flat trade under its belt, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
