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May 18, 2023
- Market leader SPDR S&P Regional Banking ETF puts in stellar performance, gaining 7.36%; currently at $39.68
- Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% yesterday
- European markets are trending positively as FTSE improves by 0.54%, reaching 7,764.55.
Yesterday's market activity meant that leading equity indices in the US rose as Dow Jones gained 1.24% and closed at 33,421. S&P 500 ended the session at 4,158.77 after a 1.19% gain.
US markets are now currently closed and set to reopen today; meanwhile, European markets are up as FTSE improves to 7,764.55 (up 0.54%). Asia-Pacific markets closed higher today whilst Nikkei goes up to 30,574 (up 1.6%).
Advanced Drainage Systems, Inc. & Aurora Cannabis Inc. have released their earnings reports; Royal Bank Of Canada and Pinduoduo will publish their respective reports in due course.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories improved upon its previous reading of 2.95 million with a new data release of 5 million.
On a negative note, the market received some disappointing news as highly important Retail Sales data from United States beat analyst expectations of 0.8% with a reading of 0.4%.
Today's rise takes place amid mixed market indicators — United States Building Permits (Apr) came out at 1.42 million, while a consensus of analysts was expecting 1.44 million.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Initial Jobless Claims is projected to outperform its last figure with 254,000, having previously been at 264,000. The figure will be published today at 12:30 UTC.
Elsewhere, United States Philadelphia Fed Manufacturing Index (May) will be released today at 12:30 UTC. United States Existing Home Sales (Apr) is expected today at 14:00 UTC.
While most assets did well yesterday, some did better than others as SPDR S&P Regional Banking ETF trades at $39.68 having gained 7.36%. SPDR S&P Bank ETF (up 6.2%) 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
Following a month of flat trade, 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.
SPDR S&P Regional Banking ETF | Up 7.36% to $39.68 yesterday
SPDR S&P Regional Banking ETF continues a 5 day uptrend, gaining a total of 9.8%. SPDR S&P Regional Banking ETF stayed on track yesterday: a bright session dominated by bullish sentiment helped KRE to close $2.72 higher, while setting a $37.85 to $39.83 session range.
