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May 27, 2023Markets closed higher yet Direxion Daily Semiconductor Bear 3X Shares, MicroSectors FANG+ Index -3X Inverse Leveraged ETN, ProShares UltraPro Short QQQ top this unflattering list of yesterday's losers
Following yesterday's session, markets were up yesterday; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 gained 1.3% and closed at 4,205.45.
Today's rally takes place amid mixed market indicators — United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.
Despite yesterday's market climb several etfs suffered losses. Take a look at the market's Top Losers.
ProShares UltraPro Short QQQ | Closed down 7.62% at $22.91 yesterday
Having set a significant low of $22.91 a day ago, ProShares UltraPro Short QQQ is trading 8.25% higher.
Direxion Daily Semiconductor Bear 3x Shares closed at $11.35, continuing its bearish run
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left SOXS $2.75 lower, while setting a $11.13 to $13.51 session range.
-9.8%: FNGD falls back to $11.69 after shedding 9.8% yesterday
More of the same from yesterday's session: a tough session dominated by bearish sentiment left FNGD $1.27 lower, while setting a $11.55 to $12.95 session range.
