Visit the full analysis for the latest explanation of Direxion Daily S&P 500 Bear 3X Shares's stock movement.
SPXS.L is a London-listed exchange-traded fund that passively tracks the S&P 500 index, giving UK and European investors exposure to the largest US equities. As a passive tracker, its daily moves are almost entirely determined by the underlying S&P 500's performance and currency fluctuations. Today's modest gain reflects a broad US equity advance led by financials and technology.