- Top laggard ProShares Ultra Bloomberg Natural Gas giving up $4.17, or 11.36%, so far this session United States Natural Gas Fund LP (down 6.21%) has also underperformed today.
- European markets are in session with varied performances.
A new trading session is underway and the leading indices are showing gains — Dow Jones up 0.69%, trading at 30,543. S&P 500 up to 3,682, gaining 0.44%.
European markets are currently mixed so far this session. Asia-Pacific markets are down as ASX 200 is down by 0.8%, reaching 6,676.8
With Q3 earnings season getting underway, around 82.35% of US companies have beaten market estimates so far. This past week, Johnson & Johnson and Bank of America published their earnings reports while Microsoft & Alphabet are scheduled to release their results in the coming days.
Uptick coincides with some positive signs published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 230,000 with a reading of 214,000.
Today's rise takes place amid mixed market indicators — United States Existing Home Sales (Sep) released yesterday at 14:00 UTC with a figure of 4.71 million, while the previous figure was 4.78 million. United States Philadelphia Fed Manufacturing Index (Oct) came out at -8.7, while a consensus of analysts was expecting -5.
Risk-on sentiment couldn't save ProShares Ultra Bloomberg Natural Gas from giving up $4.17, or 11.36%, so far this session – currently trading at $32.55. United States Natural Gas Fund LP (down 6.21%) has also underperformed today.
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.
ProShares Ultra Bloomberg Natural Gas rebounds 67 cents from a 8 months low
Having ended Wednesday at $36.72, ProShares Ultra Bloomberg Natural Gas dropped to $31.88, hitting its lowest point in 8 months. It later recovered 67 cents and trades at $32.55. Today's losses are adding to a 6 day bearish run, during which ProShares Ultra Bloomberg Natural Gas lost $14.47 of its value.