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April 28, 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
After yesterday's closing bell, markets were up yesterday; S&P 500 gained 1.96% and closed at 4,135.35. Dow Jones closed the day at 33,826, having gained 1.57%.
Today's rally takes place amid mixed market indicators — highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of -5.2%.
Despite yesterday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
-8.06%: SQQQ falls back to $29.56 after shedding 8.06% yesterday
More of the same from yesterday's session: a tough session dominated by bearish sentiment left SQQQ $2.59 lower, while setting a $29.38 to $31.19 session range.
ProShares Ultra VIX Short-Term Futures ETF | -6.45% at $3.77
Having fallen 16 cents in 3 days, More of the same from yesterday's session: a tough session dominated by bearish sentiment left UVXY 26 cents lower, while setting a $3.7 to $3.85 session range.
-11%: FNGD lost 11% yesterday, ending at $19.2
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left FNGD $2.37 lower, while setting a $19.09 to $20.57 session range.
