DailyIQ
Last updatedUpdating…

SPXS·Direxion Daily S&P 500 Bear 3X Shares

$23.42
+0.01 (+0.04%)
Pre-Market
High
$23.73
Open
$23.38
Net Assets
$339M
52W High
—
Low
$23.22
P. Close
$23.42
Expense Ratio
1.04%
52W Low
—
Div. Yield
4.93%
Next Ex-Div
~Dec 22
Category
Trading--Inverse Equity
Inception
Nov 5, 2008
Technical Score (1D)
12
BEARISH
News Sentiment
58
BULLISH

What's happening to SPXS today?

SPXS (Direxion Daily S&P 500 Bear 3X Shares) is a fund giving 3x inverse daily exposure to the index it tracks; it moves opposite to that index; the items below concern that index or its holdings. On Oct 13, Amazon (AMZN) was the subject of Fox News commentary in which host Charles Gasparino defended Jeff Bezos and urged a shift toward free‑market policies, while Bezos himself appeared on the same program to discuss his $28 billion stake in Blue Origin and a recent $10 billion raise for lunar infrastructure; the pieces were purely opinionated and did not disclose any direct impact on Amazon’s financials or operations. On Oct 13, Microsoft (MSFT) closed at a record high and announced that it had secured more than $130 billion in new data‑center leases, raising its total uncommitted lease commitments to $329.1 billion from $196.6 billion, a move linked to expectations that its Azure cloud platform and Copilot AI tools would lift revenue; the company also created Xbox Labs to prototype emerging gaming technologies, a strategic focus on innovation rather than immediate revenue impact. On Oct 13, Meta (META) saw its shares among the top buyers in a day when the broader market slipped, helping lift technology sector futures ahead of the upcoming CPI inflation report, and Truist raised its price target for Meta to $1,000 from $763 citing the potential of the company’s new AI model, Muse Wonder; earlier on Oct 12, ARK Invest sold 4,520 Meta shares worth about $3.4 million after Meta announced its Muse Wonder AI models, signaling caution about the short‑term value of the new AI initiatives. The combination of a strong day for Meta’s stock, a bullish upgrade from Truist, and a divestment by ARK Invest underscored divergent views among investors regarding the immediate commercial impact of Meta’s AI strategy. All reports highlighted the companies’ continued emphasis on AI and cloud infrastructure while noting that the commentary and investor actions did not directly affect their financial performance.