ProShares Short S&P500 drops 16.94 cents early on and steadies around the $16.62 level.
Amid the market gloom, data for United States Industrial Production published today at 13:15 UTC came out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -0.1%. United States Industrial Production released today at 13:15 UTC with a figure of 5.33%, while the previous figure was 3.91%. United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
A study of ProShares Short S&P500's historical price actions shows the resistance level is at $16.9, followed by $17.
Positive performances can be seen by looking at other markets as having closed the previous session at $397.31, Lockheed Martin is up 9.08% today to currently trade at around $433.4. Raytheon Technologies is up 3.82% to $87.7.
In the meantime, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to trade around $25.35.
Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1.55 million, following on from the preceding figure of 9.88 million. New data is set to be published tomorrow at 14:30 UTC.
Furthermore, United States Building Permits (Sep) is scheduled for tomorrow at 12:30 UTC.
ProShares Short S&P500 reached a significant high of $17.3 around 6 days ago but has lost 2.95% since then.