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February 24, 2023
- Market leader United States Natural Gas Fund LP puts in stellar performance, gaining 6.46%; currently at $8.07
- Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% yesterday
- European markets are down as CAC is down by 0.91%, reaching 7,251
Yesterday's market activity meant that leading equity indices in the US rose as Nasdaq ended the session at 11,600 after a 0.72% gain. S&P 500 gained 0.53% and closed at 4,012.32.
Trading in the US will continue today in around 37 minutes time, meanwhile European markets are dropping as CAC retreats to 7,251 (down 0.91%). Asia-Pacific markets ended a mixed session today whilst Nikkei is up by 1.29%, hitting 27,453.
NICE Ltd. & CommScope Holding Company, Inc. have released their earnings reports with Marvell Technology Group Ltd and Best Buy Co Inc are set to publish their respective reports as scheduled.
Uptick coincides with some positive signs published earlier as highly important Crude Oil Inventories data from United States beat analyst expectations of 2 million with a reading of 7.65 million.
On a negative note, the market received some disappointing news as United States GDP published yesterday at 13:30 UTC came out at 2.7, falling short of the 2.9 projections and continuing its decline from the previous 3.2 figure.
Today's rise takes place amid mixed market indicators — United States Core PCE Price Index (MoM) (Jan) came out at 0.6, while a consensus of analysts was expecting 0.4.
Furthermore, the market is looking at United States New Home Sales (Jan) is scheduled for today at 15:00 UTC.
While most assets did well yesterday, some did better than others as United States Natural Gas Fund LP trades at $8.07 having gained 6.46%. IShares J.P. Morgan USD Emerging Markets Bond ETF (up 1.6%) 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.
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.
Largest single-day gain by iShares J.P. Morgan USD Emerging Markets Bond ETF— trading at $85.76
IShares J.P. Morgan USD Emerging Markets Bond ETF closed at $85.76 after making its biggest single-day jump of $1.35 (1.6%), since Feb 1. Yesterday's gains added to iShares J.P. Morgan USD Emerging Markets Bond ETF's 3 days uptrend, during which it increased a total of 33 cents. The fund disclosed a quarterly dividend of 38.2 cents per share on Monday, October 31st and was paid on Monday, November 7th — thereby generating a yield of 1.78% for all eligble investors.
