- Top laggard MicroSectors FANG+™ Index -3X Inverse Leveraged ETN gave up $10.69, or 13.96% yesterday IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
- CAC is up by 1.83%, hitting 6,040.66.
A reminder of where yesterday left off before today's session begins: leading equity indices in the US rose as S&P 500 closed the day at 3,678, having gained 2.65%. Nasdaq gained 3.43% and closed at 10,676.
Trading in the US will continue today in around 6 hours time, meanwhile upbeat European markets ended yesterday higher as CAC leaps up to 6,040.66 (up 1.83%). Asia-Pacific markets closed higher today whilst ASX 200 jumps by 1.72%, reaching 6,779.2.
Earnings season has just started and most of the companies in the S&P 500 reporting Q3 results have beaten Wall Street estimates, with UnitedHealth & TSM featured this past week. Looking forward, investors are expecting earnings results for Alphabet & Tesla imminently.
Today's rise takes place amid mixed market indicators — United States NY Empire State Manufacturing Index (Oct) released yesterday at 12:30 UTC with a figure of -9.1, while the previous figure was -1.5.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to 1.55 million while previous data was 9.88 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States Philadelphia Fed Manufacturing Index (Oct) is expected Thursday. United States Existing Home Sales (Sep) will be released Thursday.
While most stocks did well yesterday, some did better than others as ARK Innovation ETF trades at $36.38 having gained 7.03%.
Yesterday's bullishness contained stock stragglers as MicroSectors FANG+™ Index -3X Inverse Leveraged ETN closed at $65.91 having dropped 13.96%. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
Continuing its recent sideways trend, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed at $25.35 after a flat day yesterday
Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed a flat day of trading at $25.35 yesterday after ending Friday at $25.36.
Risk-on sentiment allowed ARKK to post 7.03% gain yesterday
After finishing Friday at $34, ARK Innovation ETF went up to $36.69 before paring its losses and closing at $36.38.