Utilities Select Sector SPDR Fund suffered relatively more than others today after 1.75% dip IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day today (down 0.039%).
European markets were down today as FTSE is down by 0.74%, slides down to 7,876.28

Before tomorrow's session: leading equity indices in the US declined as Dow Jones was down 0.71% before closing the session at 32,657. After dropping 0.3%, S&P 500 closed at 3,970.

US markets are currently closed but will resume tomorrow in around 16 hours time. European markets were down today as FTSE is currently down 0.74% and trading around 7,876.28. Upbeat Asia-Pacific markets ended today higher as ASX 200 increases to 7,258.4 (up 0.47%).

Vimeo, Inc. & Li Auto Inc. have released their earnings reports; Thor Industries, Inc. and Tremor International Ltd will publish their respective reports in due course.

Market's down-tick coincides with some negative macro data published earlier as highly important Consumer Confidence data from United States beat analyst expectations of 108.5 with a reading of 102.9.

Markets are trading lower today despite some positive data published earlier as data for United States Pending Home Sales published yesterday at 15:00 UTC came out at 8.1%, beating projections of 1% and showing improvement over the preceding figure of 1.1%. Highly important Core Durable Goods Orders data from United States beat analyst expectations of 0.1% with a reading of 0.7%.

Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories projected to decline to 440,000 while previous data was 7.65 million; data will be released tomorrow at 15:30 UTC. United States Initial Jobless Claims expected to decline to 195,000 while its preceding data was 192,000, data will be available Thursday.

Furthermore, United States ISM Manufacturing PMI (Feb) is expected tomorrow at 15:00 UTC.

While markets are generally down so far today, some assets outperformed such as Schwab U.S. TIPS ETF gained 0.39% to reach $52.12.

Today's bearishness meant that Utilities Select Sector SPDR Fund lost 1.75% today before closing at $65. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day today (down 0.039%).

IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended today's session at $25.35

With around a month of flat trade under its belt,

Utilities Select Sector SPDR Fund | Closed today's session at $65

Utilities Select Sector SPDR Fund's bearish run has lasted 6 days so far (-$2.32). More of the same from today's session: a tough session dominated by bearish sentiment left XLU $1.16 lower, while setting a $65 to $66.18 session range.