- ARK Innovation ETF was the biggest decliner after giving up 5.69% Friday As things stand, Vanguard Mortgage-Backed Securities ETF (down 0.7%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European session in progress; markets are rising as FTSE moves up by 0.83%, reaching 6,916.
Ahead of today's session: leading equity indices in the US declined as S&P 500 lost 2.37% and ended the session at 3,583. Nasdaq shed 3.08% and closed at 10,321.
US markets are now currently closed and set to reopen today; meanwhile, European equity markets are currently seeing a boost in risk-on sentiment. Asia-Pacific markets ended a mixed session today whilst ASX 200 is down by 1.4%, falls to 6,664.4
With Q3 earnings season getting underway, around 100% of US companies have beaten market estimates. This past week, UnitedHealth and TSM published their earnings reports while Tesla & Johnson & Johnson are scheduled to release their results in the coming days.
Meanwhile, United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories is expected Wednesday.
Furthermore, United States Building Permits (Sep) is expected Wednesday.
Friday's bearishness meant that ARK Innovation ETF lost 5.69% Friday before closing at $34. Vanguard Mortgage-Backed Securities ETF (down 0.7%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed Friday.
Continuing its recent sideways trend, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed at $25.35 after a flat day Friday
Pointing in a similar direction, Friday'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 Friday after ending Thursday at $25.36.
VMBS falls back to $44.07 after shedding 0.7% Friday
Friday's session continued down the same path: a tough session dominated by bearish sentiment left VMBS 31 cents lower, while setting a $44.07 to $44.72 session range.