- Johnson & Johnson and Bank of America the latest companies to report earnings for Q3
- Market leader Albemarle puts in stellar performance, gaining 5.72%; currently at $270
- European markets ended a mixed session Friday whilst CAC is currently down 0.85% and trading around 6,035.39.
Ahead of tomorrow's session: markets were up Friday; Dow Jones gained 2.47% and closed at 31,083. S&P 500 closed the day at 3,752.75, having gained 2.37%.
US markets are now currently closed and set to reopen tomorrow; meanwhile, a mixed session has ended in the European markets Friday. Asia-Pacific markets were down Friday as ASX 200 is down by 0.8%, slips to 6,676.8
With Q3 earnings season getting underway, around 82.35% of US companies have beaten market estimates so far. This past week, Johnson & Johnson and Bank of America published their earnings reports while Microsoft and Alphabet are scheduled to release their results in the coming days.
Today's rise takes place amid mixed market indicators — United States CFTC Gold speculative net positions released Friday with a figure of 77,000, while the previous figure was 94,400. United States CFTC Nasdaq 100 speculative net positions came out at 1,500. United States CFTC Crude Oil speculative net positions released Friday with a figure of 251,500, while the previous figure was 259,200.
Furthermore, the market is looking at United States Consumer Confidence projected to decline to 106.5 while previous data was 108; data will be released Tuesday.
While most stocks did well Friday, some did better than others as Albemarle trades at $270 having gained 5.72%. Lear Corporation (up 4.44%) and Walt Disney (up 3.5%) also performed well Friday.
6 weeks, the time it took Albemarle to increase by 5.72%
Albemarle Corp increases its stock value by 5.72% for its largest single-day gain since Sep 7. Albemarle has increased a total of $17.92 over the past 6 days, with Friday's session contributing to the uptrend. Friday's trading volume was 1.32 million shares which is slightly below the 21-day average of 1.43 million.
Lear Corporation closes at $129.07 after gaining 4.44%
Bullish sentiment helped Lear Corporation to hammer out a noteworthy $124.36 to $129.43 range Friday, and finally closing at $129.07 to end the session. The company's market cap is $7.66 billion with an average daily volume of 686,514 shares. So far in 2022, it has been outperforming the Nasdaq by 15.6%.