- PacWest Bancorp was the biggest decliner today after giving up 12.87% As things stand, Steel Dynamics (down 12.5%) and Tremor International (down 9.46%) are underperforming today
- European markets were down today as FTSE is down by 3.83%, crashes to 7,344.45
Before tomorrow's session: leading equity indices in the US declined as after dropping 0.87%, Dow Jones closed at 31,876. S&P 500 closed at 3,892.36, a 0.69% change.
US markets are currently closed but will resume tomorrow in around 17 hours time. European markets were down today as FTSE is currently down 3.83% and trading around 7,344.45. Upbeat Asia-Pacific markets ended today higher as KOSPI Composite Index climbs by 1.31%, reaching 2,379.72.
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The iShares U.S. Treasury Bond ETF has gone up 1.13% to trade at $23.35, thereby indicating that government bond yields were downbeat across the yield curve. Via open market operations, the US Treasury issues bonds with varying maturities from 3 months to 30 years. Inversely related to bond prices, yields on one year US government debt fell to 4.3%.
Pinduoduo and UroGen Pharma Ltd. due to release their earnings reports within the following week.
Meanwhile, United States Participation Rate (Feb) released Monday with a figure of 118.3, while the previous figure was 62.4.
In addition, United States Initial Jobless Claims is projected to outperform its last figure with 205,000, having previously been at 211,000. The figure will be published tomorrow at 12:30 UTC.
Furthermore, United States Philadelphia Fed Manufacturing Index (Mar) is scheduled for tomorrow at 12:30 UTC. United States Building Permits (Feb) scheduled to come out tomorrow at 12:30 UTC.
Today's bearishness meant that PacWest Bancorp lost 12.87% today before closing at $11.37. As things stand, Steel Dynamics (down 12.5%), Tremor International (down 9.46%) are also underperforming today.
Daily trading volume (61.39 million shares) was above the current multiday average of 6.90 million. Also, the firm paid out a quarterly dividend of 25 cents per share on Tuesday, February 28th to all active shareholders as of Wednesday, February 15th. Eligible investors secured a quarterly dividend yield of 8.8% for this year.
Tremor International | Closed down 9.46% at $5.65 today
Having fallen $1.6 in 10 days, More of the same from today's session: during today's session, Tremor International toiled and struggled for upward momentum before closing at $5.65. By the close, the the video-first advertising technology platform suffered a 59 cents or 9.46% loss. Daily trading volume (216,336 shares) was above the current multiday average of 132,296.