- Coupa Software Incorporated gains 26.67% as the top gainer; currently at $78.65
- European session in progress; markets are rising as CAC added 0.66% to trade at 6,694.7.
A reminder of where yesterday ended before the next session begins: leading equity indices in the US rose as Dow Jones gained 1.58% and closed at 34,000. S&P 500 closed the day at 3,990.56, having gained 1.43%.
US markets are currently closed but will resume today in around 3 hours time. European markets are showing gains. Upbeat Asia-Pacific markets ended today higher as ASX 200 is up by 0.31%, hitting 7,203.3.
Today's rise takes place amid mixed market indicators — United States Federal Budget Balance (Nov) released yesterday at 19:00 UTC with a figure of -249 billion, while the previous figure was -88 billion. United States 10-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.625, while the previous figure was 4.14. Fresh 3-Year Note Auction data from United States came out at 4.093.
Furthermore, the market is looking at projections for United States Retail Sales are set for a continuation of decline with -0.1% while previous data was 1.3%; data will be released Thursday. As things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of 0.2%, following on from the preceding figure of 1.3%. New data is set to be published Thursday.
Also worthy of note, United States Philadelphia Fed Manufacturing Index (Dec) will be released Thursday.
While most stocks did well yesterday, some did better than others as Coupa Software Incorporated trades at $78.65 having gained 26.67%. Confluent (up 8.21%) and Outbrain (up 5%) also performed well yesterday.
Confluent gains 8.21% within $22 to $23.55 daily range
Yesterday's session pointed in the same direction — the data infrastructure provider went up to $23.46, gaining 8.21%. Confluent's market cap currently stands at $3.61 billion with an average daily trading volume of 2.59 million shares. So far in 2022, it has been doing worse than the Nasdaq by 25.57%.
Outbrain maintains composure within $3.34 to $3.58 range
Pointing in a similar direction, yesterday's session was more of the same — pronounced bullish sentiment in the market helped the online ad company to make a notable 5% gain yesterday, rising 17 cents and ultimately closing at $3.57. The company's market cap is $187.62 million with an average daily volume of 258,202 shares.