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March 01, 2023
- Utilities Select Sector SPDR Fund was the biggest decliner yesterday after giving up 1.75% IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
- European session in progress; markets are rising as FTSE moves up by 0.62%, reaching 7,925.
Before today's session: leading equity indices in the US declined as Dow Jones closed at 32,657, a 0.71% change. S&P 500 shed 0.3% and closed at 3,970.
US markets are now currently closed and set to reopen today; meanwhile, European markets are trending positively as FTSE added 0.62% to trade at 7,925. Asia-Pacific markets closed higher today whilst KOSPI Composite Index is up by 0.42%, hitting 2,413.
Asana, Inc. and Natura &Co Holding S.A. due to release their earnings reports within the following week.
Market's down-tick coincides with some negative macro data published earlier as United States Consumer Confidence fell short of the 108.5 projections, with new data of 102.9.
Markets are trading lower today despite some positive data published earlier as United States Pending Home Sales improved upon its previous reading of 1.1% with a new data release of 8.1%. United States Core Durable Goods Orders came out at 0.7%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.4%.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories projected to come out at 457,000 — worse than previous data of 7.65 million; data will be released today at 15:30 UTC. United States Initial Jobless Claims expected to decline to 195,000 while its preceding data was 192,000, data will be available tomorrow at 13:30 UTC.
Furthermore, United States ISM Non-Manufacturing PMI (Feb) is scheduled for Friday.
While markets are generally down so far today, some assets outperformed such as Schwab U.S. TIPS ETF gained 0.39% to reach $52.12.
Yesterday's bearishness meant that Utilities Select Sector SPDR Fund lost 1.75% yesterday before closing at $65. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
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.
Continuing its a 7 day bearish run (-$2.32), Utilities Select Sector SPDR Fund showed losses yesterday.
