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July 04, 2023
- Top laggard Vanguard Health Care ETF gave up $1.89, or 0.77% yesterday ProShares Short S&P500 had a negative day yesterday (down 0.072%).
- European markets were down today as DAX is down by 0.26%, reaching 16,039
The July 4th holiday means US markets are closed up until tomorrow. In the last trading session before July 4th, leading equity indices in the US rose as Nasdaq ended the session at 13,817 after a 0.21% gain. S&P 500 closed the day at 4,455.59, having gained 0.12%.
US traders are set to return to their desks tomorrow. Meanwhile, elsewhere in equities, European markets were down today as DAX is currently down 0.26% and trading around 16,039. Asia-Pacific markets ended a mixed session today whilst Nikkei slumps to 33,423 (down 0.98%).
Today's rise takes place amid mixed market indicators — United States ISM Manufacturing PMI (Jun) released yesterday at 14:00 UTC with a figure of 46, while the previous figure was 46.9. United States ISM Manufacturing Employment (Jun) came out at 48.1, while a consensus of analysts was expecting 50.8. United States ISM Manufacturing Prices (Jun) came out at 41.8, while a consensus of analysts was expecting 44.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -729,000, having previously been at -9.60 million. The figure will be published Thursday.
Furthermore, the market is looking at as things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 245,000, following on from the preceding figure of 239,000. New data is set to be published Thursday.
The market is looking forward to the release of new data: United States ADP Nonfarm Employment Change (Jun) is scheduled for Thursday.
While most assets did well yesterday, some did better than others as Vanguard Large Cap ETF trades at $203.09 having gained 0.18%.
Yesterday's bullishness contained stragglers as Vanguard Health Care ETF closed at $242.93 having dropped 0.77%. ProShares Short S&P500 had a negative day yesterday (down 0.072%).
Vanguard Large Cap ETF | Up 0.18% to $203.09 yesterday
The sentiment that generated $5.49 in cumulative gains over the past 6 days was further evident for Vanguard Large-Cap Index Fund ETF Shares. It was more of the same for Vanguard Large Cap ETF yesterday — after closing at $202.72 Friday, VV maintained a strong bullish bias that helped the fund close higher at $203.09 yesterday. However, market bears ensured the Vanguard Large Cap ETF topped out at $203.09 and that by the end of the session, the market had marked out a distinct $202.43 to $203.09 range. The fund disclosed a quarterly dividend of 74 cents per share on Friday, March 17th and was paid on Wednesday, June 28th — thereby generating a yield of 1.46% for all eligble investors.
Vanguard Health Care ETF | Currently down 0.77% at $242.93
After a 4 day of trading sideways Yesterday's session suggests a further slow down: a tough session dominated by bearish sentiment left VHT $1.89 lower, while setting a $242.05 to $243.97 session range.
