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 cautious due to uncertainties surrounding the Trump administration's economic policies, which could impact future macroeconomic conditions.