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May 04, 2023
Markets closed lower, with ProShares Ultra Bloomberg Natural Gas, United States Oil Fund, LP, Direxion Daily Energy Bull 2X Shares making yesterday's list of top losers.
After yesterday's closing bell, leading equity indices in the US declined as after dropping 0.8%, Dow Jones closed at 33,400. S&P 500 lost 0.7% and ended the session at 4,090.75.
While price action maintains a negative bias, United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25.
In line with markets falling yesterday, some etfs made the list of top losers. Take a look.
-4.35%: USO closed at $60.31 after losing 4.35% yesterday
Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left USO $2.74 lower, while setting a $60.16 to $61.38 session range.
Losing streak continues: Direxion Daily Energy Bull 2X Shares down 3.78%, closes at $52.4, making it the 4th consecutive day of losses
More of the same from yesterday's session: Direxion Daily Energy Bull 2X Shares dipped as low as $52.38 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session ($53.1) with Direxion Daily Energy Bull 2X Shares closing the day at $52.4.
-6.64%: BOIL lost 6.64% yesterday, ending at $2.81
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left BOIL 19 cents lower, while setting a $2.73 to $2.88 session range.
