- Peloton leader Consumer Staples Select Sector SPDR Fund gains 1.52%; currently at $68.31
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% by midday
- European markets are down as FTSE is currently down 0.85% and trading around 6,827.
With the trading session well underway, markets are mixed with Dow Jones up to 29,358, gaining 0.41%. Nasdaq drawing back 0.16% to 10,400.
European markets are dropping as FTSE is down by 0.85%, reaching 6,827 Asia-Pacific markets are showing gains.
Ambiguous macro data is influencing the market as highly important Producer Price Index data from United States beat analyst expectations of 0.2% with a reading of 0.4%. United States Core PPI (MoM) (Sep) released today at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. United States 3-Year Note Auction came out at 4.318.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with 1.75 million, having previously been at -1.36 million. The figure will be published tomorrow at 15:00 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with -0.1%. It previously stood at -0.3%; data will be released Friday.
While markets are generally sideways so far today, these stocks are pulling ahead as Consumer Staples Select Sector SPDR Fund up 1.52% trading at $68.31. ETFMG Sit Ultra Short ETF is doing well and gains 0.293%.
Despite lacklustre price action, some stocks are lagging behind their peers as iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF is currently trading at $25.35 after declining 0.04%.
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.
ETFMG Sit Ultra Short ETF up 0.29%, trading at $48
After closing the previous trading day at $47.85, ETFMG Sit Ultra Short ETF is up to $48, which makes for a move of 0.29%/15 cents today.