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June 27, 2023
- Top laggard Direxion Daily Semiconductor Bear 3x Shares giving up 91.69 cents, or 8.14%, so far this session IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) has also underperformed today.
- European markets are showing gains.
With the trading session well underway, the leading indices are pointing up — Nasdaq up to 13,560, gaining 1.68%. S&P 500 up to 4,378.39, gaining 1.15%.
European equity markets are currently seeing a boost in risk-on sentiment. Asia-Pacific markets are in session with varied performances.
The earnings season is coming to an end and Walgreens Boots Alliance Inc & Jefferies Financial Group Inc. have release their reports.
Uptick coincides with some positive signs published earlier as data for United States Consumer Confidence published today at 14:00 UTC came out at 109.7, beating projections of 104 and showing improvement over the preceding figure of 102.5. Highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.1% with a reading of 0.6%.
Today's rise takes place amid mixed market indicators — United States New Home Sales (May) released today at 14:00 UTC with a figure of 763,000, while the previous figure was 680,000.
Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with 1.42 million, having previously been at -3.83 million. The figure will be published tomorrow at 14:30 UTC.
Also worthy of note, projections for United States GDP are set for a continuation of decline with 1.4 while previous data was 2.6; data will be released Thursday. Thursday data for United States Initial Jobless Claims will be released, with an expected decline to 266,000 from the preceding figure of 264,000.
While indices are generally bullish today, some individual assets stood out as U.S. Global Jets ETF trades at $21.14 having gained 4.74%.
Risk-on sentiment couldn't save Direxion Daily Semiconductor Bear 3x Shares from giving up 91.69 cents, or 8.14%, so far this session – currently trading at $10.35. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) has also underperformed today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Currently steady around $25.35
- It's been more of the same this session on the back of a month of flat trade,
U.S. Global Jets ETF | +4.74% in mid-session
JETS got off to a strong start by gaining 95.7 cents (+4.74%), only to run out of steam later in the session around $21.16. Currently, JETS is trading around the $21.14 level.
