- 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%).
- European markets are in session with varied performances.
Trading is currently halted for Memorial Day but will continue today. Leading equity indices in the US rose as Nasdaq closed the day at 12,976, having gained 2.19%. 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, European markets are currently mixed so far this session. Upbeat Asia-Pacific markets ended today higher as KOSPI Composite Index increases by 1.04%, reaching 2,585.52.
Tremor International Ltd and HP Inc have released their earnings reports with Thor Industries, Inc. & Ciena Corporation are set to publish their respective reports as scheduled.
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.
Furthermore, the market is looking at United States Initial Jobless Claims projected to decline to 235,000 while previous data was 229,000; data will be released Thursday.
Also worthy of note, United States ADP Nonfarm Employment Change (May) will be released 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 Direxion Daily Semiconductor Bear 3x Shares closed at $11.35 having dropped 19.5%. 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 has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
Direxion Daily Semiconductor Bear 3x Shares | Closed $2.75 (-19.5%) lower at $11.35
Over the last 3 days, Direxion Daily Semiconductor Bear 3x Shares has fallen 35.4%. Friday's session continued the recent downtrend: a tough session dominated by bearish sentiment left SOXS $2.75 lower, while setting a $11.13 to $13.51 session range.