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May 16, 2023
Markets are down at the start of today's session, Direxion Daily S&P Biotech Bull 3X Shares, Direxion Daily FTSE China Bull 3X Shares, SPDR S&P Biotech ETF make this list of poorly performing etfs
As the trading session gets underway, the leading indices were losing ground — Dow Jones slipping 0.47% and closing at 33,200. S&P 500 trades at 4,124.4 after losing 0.29%.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.
In line with markets falling yesterday, some etfs are currently on the list of Top Losers. Take a look:
-3.46%: tough start for SPDR S&P Biotech ETF this morning following 3.46% decline; now at $84.52
SPDR S&P Biotech ETF is down to $84.52, after ending yesterday at $87.55. Overall, a 3.46% loss or $3.03 today.
-3.82%: Direxion Daily FTSE China Bull 3X Shares gets off to a weak start; down 3.82% this morning to $41.53
Direxion Daily FTSE China Bull 3X Shares is down to $41.53, after ending yesterday at $43.18. Overall, a 3.82% loss or $1.65 today.
-9.85%: Biotech Bull and Bear 3X ETF gets off to a weak start; down 9.85% this morning to $6.42
Biotech Bull and Bear 3X ETF is down to $6.42, after ending yesterday at $7.12. Overall, a 9.85% loss or 70.15 cents today.
