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 Jones Industrial Average also reached an all-time high, gaining 1% as investors reacted positively to the news. Additionally, the Nasdaq Composite and Russell 2000 indices posted gains, with the latter achieving a new closing high. The optimism in the market was further supported by a decline in the 10-year Treasury yield, which fell to 4.27%, down from 4.41% on Friday.