- Yesterday's star of the day iShares Core Total USD Bond Market ETF appreciates 1.2% while outperforming its peers
- Top laggard MicroSectors FANG+™ Index -3X Inverse Leveraged ETN gave up $13.07, or 21.94% yesterday
- Asia-Pacific session in progress; markets are rising as ASX 200 is up by 0.85%, hitting 7,346.4.
Yesterday's market activity meant that markets were up yesterday; S&P 500 closed the day at 4,080, having gained 3.09%. Nasdaq ended the session at 11,468 after a 4.41% gain.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets are trending positively as ASX 200 added 0.85% to trade at 7,346.4. Upbeat European markets ended yesterday higher as FTSE is up by 0.81%, hitting 7,573.
Uptick coincides with some positive signs published earlier as United States Pending Home Sales beat the -5% projections, with -4.6%.
On a negative note, the market received some disappointing news as Crude Oil Inventories in United States fell short of market expectations (-2.76 million) with a reading of -12.58 million, continuing the decline from the previous figure of -3.69 million.
Today's rise takes place amid mixed market indicators — United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 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 235,000, having previously been at 240,000. The figure will be published today at 13:30 UTC.
Also worthy of note, United States Non Farm Payrolls projected to come out at 200,000 — worse than previous data of 261,000; data will be released tomorrow at 13:30 UTC.
Elsewhere, United States Core PCE Price Index (MoM) (Oct) is scheduled for today at 13:30 UTC.
While most stocks did well yesterday, some did better than others as iShares Core Total USD Bond Market ETF trades at $45.7 having gained 1.2%. Vanguard Mortgage-Backed Securities ETF (up 0.92%).
Yesterday's bullishness contained stock stragglers as MicroSectors FANG+™ Index -3X Inverse Leveraged ETN closed at $46.5 having dropped 21.94%.
Yesterday's gains are in contrast to iShares Core Total USD Bond Market ETF's bearish trend (lasting 8 days) during which it lost $8.7 of its value.
Risk-on mood helps VMBS post 0.92% gain yesterday
Vanguard Mortgage-Backed Securities ETF rallied 42 cents (0.92%) deep into the session, reaching $46.09.