- SPDR S&P Regional Banking ETF suffered relatively more than others today after 5.45% dip As things stand, iShares Preferred & Income Securities ETF (down 2.23%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets were down today as FTSE goes down to 7,702.64 (down 1.1%).
Ahead of tomorrow's session: leading equity indices in the US declined as Dow Jones slipped 0.86% and closed at 33,128. S&P 500 was down 0.72% before closing the session at 4,061.22.
US markets are set to open tomorrow in around 13 hours. In the meantime, European markets were down today as FTSE is currently down 1.1% and trading around 7,702.64.
Nova Ltd. and Charles River Laboratories International, Inc. due to release their earnings reports within the following week.
Market's down-tick coincides with some negative macro data published earlier as following a previous reading of 229,000, Initial Jobless Claims in United States released today at 12:30 UTC fell short of the 240,000 figure expected by analysts with an actual reading of 242,000. United States Crude Oil Inventories fell short of the -1.1 million projections, with new data of -1.28 million.
Amid the market gloom, United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Non Farm Payrolls expected to decline to 180,000 while its preceding data was 236,000, data will be available tomorrow at 12:30 UTC. As things stand, upcoming United States Unemployment Rate data is projected to fall short of market expectations with newly published data of 3.6, following on from the preceding figure of 3.5. New data is set to be published tomorrow at 12:30 UTC.
Today's bearishness meant that SPDR S&P Regional Banking ETF lost 5.45% today before closing at $36.08. As things stand, iShares Preferred & Income Securities ETF (down 2.23%), 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.
SPDR S&P Regional Banking ETF bounced $1.56 from 2 years low and closed at $36.08
SPDR S&P Regional Banking ETF dropped to $34.52, its lowest point in 2 years. It later recovered $1.56 and closed at $36.08. Continuing its a 5 day bearish run (-$4.5), SPDR S&P Regional Banking ETF showed losses today.