- Market leader Petco puts in stellar performance, gaining 16.33%; currently at $11.04
- Asia-Pacific session in progress; markets are rising as ASX 200 added 0.83% to trade at 7,344.6.
Before today's session: markets had an interesting day yesterday; S&P 500 gained 3.09% and closed at 4,080. Nasdaq ended the session at 11,468 after a 4.41% gain.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets are trending positively as ASX 200 goes up to 7,344.6 (up 0.83%). Upbeat European markets ended yesterday higher as FTSE is up by 0.81%, hitting 7,573.
Uptick coincides with some positive signs published earlier as United States Pending Home Sales beat the -5% projections, with -4.6%.
On a negative note, the market received some disappointing news as highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million.
Today's rise takes place amid mixed market indicators — United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released today at 13:30 UTC.
Furthermore, the market is looking at United States Non Farm Payrolls expected to decline to 200,000 while its preceding data was 261,000, data will be available tomorrow at 13:30 UTC.
The market is looking forward to the release of new data: United States Core PCE Price Index (MoM) (Oct) will be released today at 13:30 UTC.
While most stocks did well yesterday, some did better than others as Petco trades at $11.04 having gained 16.33%. Confluent (up 7.37%) and Outbrain (up 5.43%) also performed well yesterday.
Outbrain maintains composure within $3.58 to $3.91 range
The online ad company went up to $3.88, gaining 5.43%. The company's market cap is $203.92 million with an average daily volume of 252,160 shares.
Confluent closes at $23.03 after gaining 7.37%
Yesterday's session pointed in the same direction — Confluent rallied $1.58 (7.37%) deep into the session, closing at $23.03. The company has a market cap of $3.54 billion with an average daily trading volume of 3.28 million shares. So far in 2022, it has been doing worse than the Nasdaq by 29.58%.