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March 02, 2023
- IShares MBS ETF was the biggest decliner yesterday after giving up 0.74% As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.728%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets are down as DAX is down by 0.77%, descends to 15,200
Yesterday's market activity meant that leading equity indices in the US declined as Nasdaq was down 0.66% before closing the session at 11,379. S&P 500 closed at 3,951.39, a 0.47% change.
US markets are currently closed but will resume today in around 5 hours time. European markets are dropping as DAX is down by 0.77%, reaching 15,200 upbeat Asia-Pacific markets ended today higher as KOSPI Composite Index is up by 0.62%, hitting 2,428.
Royal Bank Of Canada & Pure Storage, Inc. have released their earnings reports with Oracle & The Toro Company are set to publish their respective reports as scheduled.
Market's down-tick coincides with some negative macro data published earlier as following a previous reading of 106, Consumer Confidence in United States released Tuesday fell short of the 108.5 figure expected by analysts with an actual reading of 102.9.
Markets are trading lower today despite some positive data published earlier as United States Crude Oil Inventories beat the 457,000 projections, with 1.17 million.
Meanwhile, United States ISM Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 47.7, while the previous figure was 47.4.
Looking ahead, ongoing depreciation may be prolonged as projections for United States Initial Jobless Claims are set for a continuation of decline with 195,000 while previous data was 192,000; data will be released today at 13:30 UTC.
Furthermore, United States ISM Non-Manufacturing PMI (Feb) is expected tomorrow at 15:00 UTC.
Yesterday's bearishness meant that iShares MBS ETF lost 0.74% yesterday before closing at $92.07. As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.728%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
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, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
The fund disclosed a quarterly dividend of 10.9 cents per share on Tuesday, November 29th and was paid on Tuesday, December 6th — thereby generating a yield of 0.962% for all eligble investors.
