Markets fall as trading session comes to a close

• Real Estate Select Sector SPDR Fund drops 1.89% as session draws to a close IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) has also underperformed today.
• European markets are down as FTSE is down by 1.75%, drops to 7,627

As the session draws to an end the leading indices are slipping — Dow Jones drawing back 0.73% to 32,800. S&P 500 trades at 4,114.28 after losing 0.76%.

European markets are dropping as FTSE drops to 7,627 (down 1.75%). Asia-Pacific markets are dropping as ASX 200 is down by 0.63%, draws back to 7,213.8

3Rd quarter earnings season is mostly over, with Kohl's Corporation & Splunk Inc releasing their earnings reports just this week.

Market's down-tick coincides with some negative macro data published earlier as highly important Crude Oil Inventories data from United States beat analyst expectations of -920,000 with a reading of -12.46 million.

While price action maintains a negative bias, United States New Home Sales (Apr) released yesterday at 14:00 UTC with a figure of 683,000, while the previous figure was 656,000. United States Services PMI came out at 55.1, while a consensus of analysts was expecting 52.6.

Looking ahead, ongoing depreciation may be prolonged as United States Core Durable Goods Orders projected to come out at 0% — worse than previous data of 0.2%; data will be released Friday. United States Initial Jobless Claims expected to decline to 250,000 while its preceding data was 242,000, data will be available tomorrow at 12:30 UTC.

Some optimism can drawn from the fact that United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released tomorrow at 14:00 UTC.

While markets are generally down so far today, some assets outperformed such as ETFMG Sit Ultra Short ETF gained 0.38% to reach $48.16.

Real Estate Select Sector SPDR Fund is trading at $35.32, drops 1.89%. 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 | Broadly flat at $25.35; session high: $25.35 session low: $25.34

• It's been more of the same this session on the back of a month of flat trade,

ETFMG Sit Ultra Short ETF | +0.38%; session high: $48.33 session low: $48.16

• ETFMG Sit Ultra Short ETF is now trading 0.6% below its 3-month high of $49.
• Shareholders to attain annual dividend yield of 1.68% this year

ETFMG Sit Ultra Short ETF is now trading 0.6% below its 3-month high of $49.