- Friday's star of the day, Zai Lab, appreciated 17.61% before Dr. Martin Luther King Jr. Day holiday
- FTSE increases to 7,844 (up 0.64%).
The Dr. Martin Luther King Jr. Day holiday means US markets are closed up until tomorrow. In the last trading session before Dr. Martin Luther King Jr. Day, markets closed higher Friday; Nasdaq ended the session at 11,079 after a 0.71% gain. S&P 500 gained 0.4% and closed at 3,999.
US traders are set to return to their desks tomorrow. Meanwhile, elsewhere in equities, upbeat European markets ended Friday higher as FTSE increases by 0.64%, reaching 7,844. Asia-Pacific markets ended a mixed session today whilst ASX 200 added 0.82% to trade at 7,388.2.
Furthermore, the market is looking at United States Producer Price Index projected to decline to -0.1% while previous data was 0.3%; data will be released Wednesday. United States Core Retail Sales expected to decline to -0.4% while its preceding data was -0.2%, data will be available Wednesday. Projections for United States Retail Sales are set for a continuation of decline with -0.8% while previous data was -0.6%; data will be released Wednesday.
While most stocks did well Friday, some did better than others as Zai Lab trades at $47.62 having gained 17.61%. NI (up 16.93%) and Outbrain (up 2.87%) also performed well Friday.
Outbrain | Ended Friday's session at $4.3
Following 12 days of flat trade, Pointing in a similar direction, Friday's session was more of the same — without a clear direction, Outbrain closed at $4.3 while ranging between $4.13 and $4.31. Friday's trading volume was 102,455 shares which is under the 21-day average of 229,619.
Daily trading volume (1.59 million shares) increased, making up 162% of the 21-day average (980,731).