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April 14, 2023
Markets closed higher yet MicroSectors FANG+ Index -3X Inverse Leveraged ETN, ProShares UltraPro Short QQQ, ProShares Ultra VIX Short-Term Futures ETF top this unflattering list of yesterday's losers
Before today's session begins, here is a reminder of recent events: leading equity indices in the US rose as Nasdaq gained 2% and closed at 12,166. Dow Jones closed the day at 34,030, having gained 1.14%.
Today's rally takes place amid mixed market indicators — United States Producer Price Index fell short of the 0.1% projections, with new data of -0.5%.
Despite yesterday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-5.65%: SQQQ closed at $29.9 after losing 5.65% yesterday
A tough session dominated by bearish sentiment left SQQQ $1.79 lower, while setting a $29.75 to $31.27 session range.
-5.34%: UVXY falls back to $4.08 after shedding 5.34% yesterday
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left UVXY 23 cents lower, while setting a $4.05 to $4.2 session range.
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | Currently down 7.27% at $19.78
A tough session dominated by bearish sentiment left FNGD $1.55 lower, while setting a $19.61 to $20.67 session range.
