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 may include the creation of the Department of Government Efficiency and mass deportations, potentially impacting the labor force and economic growth. Additionally, a sharp rise in interest rates, with the 10-year treasury yield jumping to 4.47%, has raised concerns about the attractiveness of equities compared to bonds. The market is also reacting to record insider selling by U.S. executives, indicating a lack of confidence in sustained stock market gains.