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April 28, 2023
- Yesterday's star of the day Communication Services Select Sector SPDR Fund appreciates 5.81% while outperforming its peers
- Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% yesterday
- Asia-Pacific markets are trending positively as Nikkei added 0.82% to trade at 28,700.
Ahead of today's session: markets closed higher yesterday, as S&P 500 closed the day at 4,135.35, having gained 1.96%. Dow Jones ended the session at 33,826 after a 1.57% gain.
US markets are currently closed but will resume today in around 8 hours time. Asia-Pacific session in progress; markets are rising as Nikkei is up by 0.82%, hitting 28,700. European markets ended a mixed session yesterday whilst FTSE is down by 0.27%, draws back to 7,831.58
Banco de Chile and DraftKings Inc. due to release their earnings reports within the following week.
Uptick coincides with some positive signs published earlier as United States Initial Jobless Claims improved upon its previous reading of 246,000 with a new data release of 230,000.
On a negative note, the market received some disappointing news as United States Pending Home Sales published yesterday at 14:00 UTC came out at -5.2%, falling short of the 0.5% projections and continuing its decline from the previous 0.8% figure. United States GDP published yesterday at 12:30 UTC came out at 1.1, falling short of the two projections and continuing its decline from the previous 2.6 figure.
Also worthy of note, United States Core PCE Price Index (MoM) (Mar) scheduled to come out today at 12:30 UTC.
While most assets did well yesterday, some did better than others as Communication Services Select Sector SPDR Fund trades at $59.39 having gained 5.81%. IShares MSCI USA Quality Factor ETF (up 2.36%) is also performing well.
Yesterday's bullishness contained stragglers as noticeable risk-on sentiment wasn't enough to prevent iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF giving up 1 cents, or 0.04%, before ending the session at $25.35.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
- With around a month of flat trade under its belt,
Communication Services Select Sector SPDR Fund | Up 5.81% to $59.39 yesterday
- This year has been a bright one for Communication Services Select Sector SPDR Fund after trading as low as $45.41 and going on to appreciate by 23.77% year to date.
- Shareholders to attain annual dividend yield of 1% this year
Communication Services Select Sector SPDR Fund has managed to gain 23.77% so far this year despite trading at lows around $45.41 previously.
