- Mirati Therapeutics crashes 21% halfway through the session As things stand, Playtika (down 7.62%) and Sotera Health (down 6.6%) are underperforming today
- European markets are down as FTSE is down by 0.61%, slides down to 7,521.39
The trading session is well on its way, the leading indices are falling — S&P 500 drawing back 1.96% to 3,920.62. Dow Jones slipping 1.51% and closing at 33,435.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are currently mixed so far this session.
Amid the market gloom, United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3. United States Trade Balance (Oct) released today at 13:30 UTC with a figure of -78.2 billion, while the previous figure was -74.1 billion. United States Exports data released today at 13:30 UTC showed continuing decline to 256.6 billion from a previous figure of 258.5 billion.
Looking ahead, ongoing depreciation may be prolonged as United States Initial Jobless Claims projected to come out at 230,000 — worse than previous data of 225,000; data will be released Thursday.
Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -3.88 million. It previously stood at -12.58 million; data will be released tomorrow at 15:30 UTC.
Mirati Therapeutics is trading at $73.25, crashes 21%. As things stand, Playtika (down 7.62%), Sotera Health (down 6.6%) are also underperforming today.
Today's losses are adding to a 3 day bearish run, during which Playtika Holding Corp. lost 46 cents of its value.
The trading volume is at 3 million, 190% above the 21-day average of 1.58 million.