Markets are down midway through the trading session

• ARK Innovation ETF dips 3.5% halfway through the session IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) has also underperformed today.
• European markets have struggled to gain ground and are now trading lower midway through the session.

The trading session is well on its way, the leading indices are slipping — Nasdaq trades at 13,500 after losing 1.12%. S&P 500 slipping 0.44% and closing at 4,369.51.

European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are in session with varied performances.

The earnings season is coming to an end and Canopy Growth Corporation and Canopy Growth Corporation have release their reports.

While price action maintains a negative bias, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million. United States 20-Year Bond Auction released today at 17:00 UTC with a figure of 4.01, while the previous figure was 3.954. Data for United States Housing Starts published yesterday at 12:30 UTC came out at 21.7%, beating projections of -0.8% and showing improvement over the preceding figure of -2.9%.

Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1.87 million, following on from the preceding figure of 7.92 million. New data is set to be published tomorrow at 15:00 UTC.

Moreover, United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released tomorrow at 12:30 UTC.

Furthermore, United States Services PMI is expected Friday.

While markets are generally down so far today, some assets outperformed such as ETFMG Sit Ultra Short ETF gained 0.46% to reach $48.44.

ARK Innovation ETF is trading at $42.71, dips 3.5%. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) has also underperformed 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.