- 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 markets are trending positively as FTSE is up by 0.4%, hitting 7,907.7.
A reminder of where yesterday left off before today's session begins: leading equity indices in the US declined as after dropping 0.71%, Dow Jones closed at 32,657. S&P 500 lost 0.3% and ended the session at 3,970.
US markets are now currently closed and set to reopen today; meanwhile, European markets are up as FTSE added 0.4% to trade at 7,907.7. Upbeat Asia-Pacific markets ended today higher as KOSPI Composite Index ascends by 0.42%, reaching 2,413.
Asana, Inc. & 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 Consumer Confidence in United States fell short of market expectations (108.5) with a reading of 102.9, continuing the decline from the previous figure of 106.
Markets are trading lower today despite some positive data published earlier as United States Pending Home Sales came out at 8.1%, better than analyst estimates of 1% and improving upon the previous reading of 1.1%. United States Core Durable Goods Orders beat the 0.1% projections, with 0.7%.
Looking ahead, ongoing depreciation may be prolonged as today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 457,000 from the preceding figure of 7.65 million. United States Initial Jobless Claims projected to decline to 195,000 while previous data was 192,000; data will be released tomorrow at 13:30 UTC.
Furthermore, United States ISM Non-Manufacturing PMI (Feb) scheduled to come out 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 has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
Utilities Select Sector SPDR Fund | Currently down 1.75% at $65
Utilities Select Sector SPDR Fund's bearish run has lasted 7 days so far (-$2.32). Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left XLU $1.16 lower, while setting a $65 to $66.18 session range.