- SPDR S&P Regional Banking ETF suffered relatively more than others yesterday after 5.45% dip As things stand, iShares Preferred & Income Securities ETF (down 2.23%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets were down yesterday as FTSE is down by 1.1%, reaching 7,702.64
An update of where yesterday closed ahead of the next session: leading equity indices in the US declined as Dow Jones was down 0.86% before closing the session at 33,128. S&P 500 shed 0.72% and closed at 4,061.22.
US markets are now currently closed and set to reopen today; meanwhile, European markets closed lower yesterday.
In a tough day for US markets, both stocks and bonds suffered from risk-off sentiment and a higher likelihood of a hawkish Fed at its next FOMC meeting. The US Treasury issues bills, notes and bonds with varying maturities from 3 months to 30 years. Inversely related to bond prices, yields on one month US government debt rose to 5.76%.
Nova Ltd. & Charles River Laboratories International, Inc. due to release their earnings reports within the following week.
Market's down-tick coincides with some negative macro data published earlier as data from United States concerning Initial Jobless Claims was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 229,000 to 242,000 this month. United States Crude Oil Inventories fell short of the -1.1 million projections, with new data of -1.28 million.
Amid the market gloom, United States Interest Rate released Wednesday with a figure of 5.25, while the previous figure was five.
Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 180,000, following on from the preceding figure of 236,000. New data is set to be published today at 12:30 UTC. Today at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.6 from the preceding figure of 3.5.
Yesterday's bearishness meant that SPDR S&P Regional Banking ETF lost 5.45% yesterday before closing at $36.08. As things stand, iShares Preferred & Income Securities ETF (down 2.23%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
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 | Closed yesterday's session at $36.08
Having fallen $4.5 in 5 days, Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left KRE $2.08 lower, while setting a $34.52 to $37.04 session range.