Off to the races! Markets are off to a great start this session; Biotech Bull and Bear 3X ETF has already added 4.81% to lead the way for ETFs
The leading indices are pointing up — Nasdaq up to 11,178, gaining 0.74%. S&P 500 goes up 0.44%, trading at 4,008.49.
Today's rise takes place amid mixed market indicators — Producer Price Index in United States fell short of market expectations (-0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0.2%.
Here are the biggest ETFs gainers so far today.
TQQQ set to record its 8th up day in a row; currently 45 cents (2.23%) higher
After closing the previous trading day at $20.21, ProShares UltraPro QQQ is up to $20.66, which makes for a move of 2.23%/45 cents today.
+2.34%: TLT surges $2.48 (2.34%) to trade at $108.54
After closing the previous trading day at $106.06, iShares 20+ Year Treasury Bond ETF is up to $108.54, which makes for a move of 2.34%/$2.48 today.
Direxion Daily Semiconductor Bull 3x Shares | -4.56% to start today's session
Direxion Daily Semiconductor Bull 3x Shares has gained 39.53% since its lowest print of $6.93 earlier this year.
Biotech Bull and Bear 3X ETF | -4.81% to start today's session
Biotech Bull and Bear 3X ETF has managed to gain 19.43% so far this year despite trading at lows around $4.36 previously.