WTI-Brent spread futures tickers narrowed to less than $4, suggesting rebalancing in global crude demand expectations. Refinery margins in Asia are being closely monitored for further signals. A series of biotech-themed SPACs listed with tickers DNAA, DNAB, DNAC and DNAD had worse results. DNAA merged with Akili Interactive, which was later acquired by Virtual Therapeutics for $0.4340 per share. DNAB and DNAD were liquidated without targets. DNAC merged with ProKidney Corp (NASDAQ: PROK ) and shares trade at less than $3. Volatility Shares also plans to launch a 2x XRP futures ETF that promises twice the daily price appreciation of XRP through double the leveraged exposure to XRP futures. E-mini S&P MidCap 400 futures tickers (EMD=F) tested 2,900 resistance, supported by value sector rotation. Analysts see room for a 2-3% push if cyclical stocks continue to lead.
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