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May 30, 2023
- Top laggard Direxion Daily Semiconductor Bear 3x Shares gave up $2.75, or 19.5% Friday IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day Friday (down 0.039%).
- Asia-Pacific session in progress; markets are rising as KOSPI Composite Index goes up by 0.89%, reaching 2,581.53.
Markets are closed due to the Memorial Day holiday but will reopen today. Looking back over the previous session, markets closed higher Friday, as Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.
US traders are set to return to their desks today. Meanwhile, elsewhere in equities, Asia-Pacific equity markets are currently seeing a boost in risk-on sentiment. European markets ended a mixed session Friday whilst FTSE added 0.74% to trade at 7,627.2.
Thor Industries, Inc. and Ciena Corporation due to release their earnings reports within the following week.
Friday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released Thursday.
Also worthy of note, as things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 235,000, following on from the preceding figure of 229,000. New data is set to be published Thursday.
Furthermore, the market is looking at United States ADP Nonfarm Employment Change (May) is expected Thursday.
While most assets did well Friday, some did better than others as Direxion Daily Semiconductor Bull 3x Shares trades at $22.88 having gained 19.48%.
Friday's bullishness contained stragglers as noticeable risk-on sentiment wasn't enough to prevent Direxion Daily Semiconductor Bear 3x Shares giving up $2.75, or 19.5%, before ending the session at $11.35. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day Friday (down 0.039%).
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended Friday's session at $25.35
With around a month of flat trade under its belt, Pointing in a similar direction, Friday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 Friday.
Direxion Daily Semiconductor Bear 3x Shares | Closed $2.75 (-19.5%) lower at $11.35
Direxion Daily Semiconductor Bear 3x Shares's downtrend has seen it decline 35.4% in 3 days Friday's session continued down the same path: a tough session dominated by bearish sentiment left SOXS $2.75 lower, while setting a $11.13 to $13.5 session range.
