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May 26, 2023
- Top laggard Direxion Daily Semiconductor Bear 3x Shares giving up $2, or 14.1%, so far this session ETFMG Sit Ultra Short ETF (down 0.742%) has also underperformed today.
- European session in progress; markets are rising as CAC goes up by 1.38%, reaching 7,329.
The trading session is well on its way, the leading indices are pointing up — Nasdaq up 1.69%, trading at 12,900. S&P 500 up to 4,192, gaining 0.98%.
European markets are up as CAC added 1.38% to trade at 7,329. Asia-Pacific markets are showing gains.
3Rd quarter earnings season is mostly over, with Pinduoduo and Booz Allen Hamilton Holding Corporation releasing their earnings reports just this week.
On a negative note, the market received some disappointing news as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.
Today's rise takes place amid mixed market indicators — United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.
Direxion Daily Semiconductor Bear 3x Shares is now trading at $12.11, plunges 14.1%. ETFMG Sit Ultra Short ETF (down 0.742%) has also underperformed 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.
ETFMG Sit Ultra Short ETF | -0.74% in mid-session
ETFMG Sit Ultra Short ETF is down to $48.17, after ending yesterday at $48.53. Overall, a 0.74% loss or 36 cents today.
