- Yesterday's star of the day Paccar appreciates 8.64% while outperforming its peers
- Oatly was the biggest decliner yesterday after giving up 8.37%
- European markets are dropping as FTSE decreases to 7,718.24 (down 0.5%).
Yesterday's market activity meant that markets completed a mixed session yesterday while Dow Jones ended the session at 33,734 after a 0.31% gain. Nasdaq slipped 0.27% and closed at 11,334.
US markets are currently closed but will resume today in around 16 minutes time. European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets ended a mixed session today whilst KOSPI Composite Index improves by 1.39%, reaching 2,428.57.
Ambiguous macro data is influencing the market as United States API Weekly Crude Oil Stock came out at 3.38 million, while a consensus of analysts was expecting 1.6 million. United States 2-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.139, while the previous figure was 4.373. United States Services PMI released yesterday at 14:45 UTC with a figure of 46.6, while the previous figure was 44.7.
Data to be released today might clear up some of the market fog as tomorrow at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. United States Crude Oil Inventories expected to decline to 971,000 while its preceding data was 8.41 million, data will be available today at 15:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released Friday.
While markets were generally sideways yesterday, these assets pulled ahead as Paccar up 8.64% trading at $111.08. Outbrain is doing well and gains 5.25%.
Despite lacklustre price action, some assets lagged behind their peers as Oatly lost 8.37% yesterday before closing at $2.41.
Outbrain | Ended yesterday's session at $4.81
- 28 days ago, the web recommendation platform fell to a low of $3.36 but has since recovered 36%.
The online ad company is now trading 36% above the significant low ($3.36) it slumped to 28 days ago. The company's market cap currently stands at $252.79 million with an average daily volume of 191,566 shares. $229 million was Outbrain's last reported revenue with -10 cents being the current EPS.
Oatly | -8.37% at $2.41
After ending Monday at $2.63, Oatly dropped to $2.37 early in yesterday's session and closed at $2.41. In total, it lost 8.37%. The day's trading volume totalled 4.63 million shares — slightly below the 21-day average of 6.91 million.