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 war. These tariffs, if implemented, could lead to increased consumer costs and inflation, affecting overall economic stability. Additionally, the market is closely watching the Federal Reserve's policy decisions and earnings reports from major companies like Nvidia, Walmart, and Target, which are expected to influence the S&P 500's trajectory.
The SPXS ETF is up 0.68% in pre-market hours on Wednesday, November 27, reaching a price of $5.92 as of 6:26 AM ET.