Markets are down midway through the trading session

• ProShares Ultra Bloomberg Natural Gas drops 7.37% halfway through the session As things stand, United States Natural Gas Fund LP (down 4.29%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
• European markets are flat.

With the trading session well underway, the leading indices are slipping — Dow Jones drawing back 0.28% to 33,883. Nasdaq trades at 12,117 after losing 0.3%.

European markets have no obvious direction. Asia-Pacific markets are showing gains.

Watsco, Inc. & FirstEnergy Corp have released their earnings reports with STMicroelectronics N.V. and Credit Suisse Group AG are set to publish their respective reports as scheduled.

Market's down-tick coincides with some negative macro data published earlier as Crude Oil Inventories in United States fell short of market expectations (-1 million) with a reading of -4.58 million, continuing the decline from the previous figure of 597,000.

Amid the market gloom, United States Building Permits (Mar) released yesterday at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. United States Cushing Crude Oil Inventories came out at -1 million, while a consensus of analysts was expecting 622,000.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Initial Jobless Claims projected to come out at 240,000 — worse than previous data of 239,000; data will be released tomorrow at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (Apr) will be released tomorrow at 12:30 UTC. United States Existing Home Sales (Mar) scheduled to come out tomorrow at 14:00 UTC.

ProShares Ultra Bloomberg Natural Gas is currently trading at $3.53 after declining 7.37%. As things stand, United States Natural Gas Fund LP (down 4.29%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.

IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.

United States Natural Gas Fund LP | Currently down 4.29% at $7.04

United States Natural Gas Fund LP is consolidating around the $7.04 level after dropping 31.5 cents at the start of the trading session.