The Direxion Daily S&P 500 Bear 3X ETF (SPXS) saw upward movement as the S&P 500 index experienced a decline, driven by losses in major technology stocks. On November 27, 2024, the S&P 500 fell 0.4%, snapping a seven-day winning streak, while the Nasdaq composite, heavily weighted with tech stocks, dropped 0.6%. Key tech players like Nvidia, Microsoft, and Broadcom contributed to the downturn, with Nvidia a
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) saw upward movement as the S&P 500 faced pressure from declining technology stocks and persistent inflation concerns. On November 27, 2024, the S&P 500 fell 0.54%, driven by a 1.1% decline in the Information Technology sector. Major tech companies like Nvidia and Microsoft experienced notable losses, with Nvidia dropping 2.5% and Microsoft 0.6%. These declines w
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is experiencing upward movement as investors react to a mix of economic data and market conditions. The October PCE inflation report, released on November 27, 2024, showed a rise in the core PCE price index by 0.3%, aligning with forecasts but still indicating persistent inflationary pressures. This has led to increased speculation about the Federal Reserve's ne
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is experiencing upward movement as market conditions weigh on the S&P 500 Index. The yen's significant surge, driven by speculation of a potential rate hike next month, has contributed to a softer trading environment for U.S. index futures. This currency movement, coupled with a decline in the U.S. 10-year Treasury yield to around 4.25%, has created a challengin
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is experiencing upward movement as U.S. stock futures show signs of weakness ahead of key economic data releases. On November 27, 2024, the S&P 500 futures dipped by 0.1% in pre-market trading, reflecting investor caution as they await the Federal Reserve's favored inflation gauge, the core personal consumption expenditures (PCE) price index, set for release at
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is experiencing upward movement as market participants react to a confluence of geopolitical and economic factors impacting the S&P 500 Index. The anticipation of Donald Trump's return to the White House has introduced volatility, with his proposed tariffs on major U.S. trading partners, including Mexico, Canada, and China, sparking concerns of a potential trade
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) closed down 1.84% on November 26, 2024, as the S&P 500 index reached new record highs. The S&P 500 climbed 0.57% to close at 6,021.63, buoyed by investor optimism despite President-elect Donald Trump's announcement of new tariffs on Mexico, Canada, and China. Market participants appeared to dismiss the tariff threats as mere negotiating tactics, with the belief
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) experienced a decline of 1.84% at the close on November 26, 2024, with an additional 0.17% drop after market hours. The S&P 500's upward momentum continued, marking a seventh consecutive day of gains and nearing a fresh record high. This rally was fueled by investors' optimism despite geopolitical tensions and President-elect Trump's tariff plans. The S&P 500 ro
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) closed down 1.84% on November 26, 2024, as the S&P 500 reached new record highs. The S&P 500 rose 0.6% to close at 6,021.63, driven by investor optimism despite President-elect Donald Trump's tariff threats on Mexico, Canada, and China. The market's resilience was evident as the Dow Jones Industrial Average and Nasdaq Composite also hit record levels, with gains
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) closed down 1.84% on November 26, 2024, reflecting the upward movement in the S&P 500 index. The S&P 500 rose 0.4% as of 1:51 PM New York time, driven by investor optimism despite potential economic headwinds. The market's positive sentiment was buoyed by a moderate Q4 GDP growth forecast of 2.0%, suggesting a stable economic outlook. However, the market remains
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) saw a decline to $5.94, down 0.83% as of 10:14 AM ET on November 26th. The S&P 500 is experiencing volatility as markets react to President-elect Donald Trump's announcement of a 25% tariff on imports from Canada and Mexico, and an additional 10% on Chinese goods, set to begin on January 20. This announcement has unsettled global markets, with Europe's Stoxx 600
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is down 0.67% as of 9:42 AM ET on November 26, 2024. The S&P 500 index saw a slight rise of 0.3% in early trading, buoyed by investor reactions to President-elect Donald Trump's proposed tariffs. Trump's announcement of a 25% tariff on products from Mexico and Canada, along with a 10% levy on Chinese goods, initially caused market jitters. However, the market's
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) declined by 0.5% after market close on November 25, 2024, as the S&P 500 continued its upward trajectory, hitting fresh record highs. The rally in the S&P 500 was fueled by a combination of factors, including easing Treasury yields and positive investor sentiment following President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary. The Dow
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) closed down 0.82% at 6.03 on Friday, November 22, as the S&P 500 showed resilience despite potential headwinds. The S&P 500's recent performance, with a two-day return of 0.5%, suggests short-term resistance, as indicated by the VIX signal. This resistance is compounded by rising equity financing costs and constrained dealer balance sheets due to increased Treas
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) has decreased by 1.46% from the previous close as of 4:35 ET on Thursday, November 21st, reflecting a broader market sentiment shift following recent U.S. elections. The S&P 500, which the ETF inversely tracks, has been buoyed by investor optimism surrounding the Republican sweep in the presidential and congressional elections on November 5, 2024. This political
The Direxion Daily S&P 500 Bear 3X ETF (SPXS) is up 1.28% in pre-market hours on Tuesday, November 19, reaching $6.32 as of 6:14 AM ET, amid a downturn in U.S. stock futures and concerns over economic policies. The S&P 500 index futures fell by 0.48%, reflecting cautious sentiment towards large-cap stocks. This decline comes as investors digest potential policy changes under the Trump administration, which