- Maravai LifeSciences was the biggest decliner yesterday after giving up 13.18% As things stand, Sotera Health (down 8.44%) and Playtika (down 4.25%) are underperforming today
- European markets are in session with varied performances.
A reminder of where yesterday ended before today's session begins: leading equity indices in the US declined as S&P 500 slipped 0.67% and closed at 3,695. Nasdaq lost 0.85% and ended the session at 10,681.
US markets are now currently closed and set to reopen today; meanwhile, European markets are currently mixed so far this session. Asia-Pacific markets were down today as ASX 200 is currently down 1.02% and trading around 6,730.7.
With Q3 earnings season getting underway, around 82.35% of US companies have beaten market estimates. This past week, UnitedHealth and Johnson & Johnson published their earnings reports while Microsoft & Alphabet are scheduled to release their results in the coming days.
Market's down-tick coincides with some negative macro data published earlier as highly important Crude Oil Inventories data from United States beat analyst expectations of 1.38 million with a reading of -1.73 million.
Meanwhile, United States Building Permits (Sep) released yesterday at 12:30 UTC with a figure of 1.56 million, while the previous figure was 1.54 million. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 4.395, while the previous figure was 3.82.
Looking ahead, ongoing depreciation may be prolonged as today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 230,000 from the preceding figure of 228,000.
Furthermore, United States Philadelphia Fed Manufacturing Index (Oct) scheduled to come out today at 12:30 UTC. United States Existing Home Sales (Sep) will be released today at 14:00 UTC.
Yesterday's bearishness meant that Maravai LifeSciences lost 13.18% yesterday before closing at $17.06. Sotera Health (down 8.44%), Playtika (down 4.25%) also underperformed yesterday.
Yesterday's slide leaves Sotera Health traders hoping for a bounce
After ending Tuesday at $7.23, Sotera Health Company dropped to $6.58 early in yesterday's session and closed at $6.62. Overall, it lost 8.44% of its value. Sotera Health has a market cap of $1.87 billion with an average daily volume of 2.47 million shares.
Bearish Playtika declines 42 cents (4.25%)
After ending Tuesday at $9.88, Playtika fell down to $9.32 yesterday and closed at $9.46 — losing 4.25% of its value. Playtika's market cap is currently $3.41 billion with an average daily trading volume of 2.76 million shares. So far in 2022, it has performed better than the Nasdaq by 1.21%.