- Market leader Burlington Stores puts in stellar performance, gaining 20.5%; currently at $189.96
- Top laggard Rollins gave up $2.58, or 6.13% yesterday
- Asia-Pacific markets are up as ASX 200 is up by 0.62%, hitting 7,225.8.
Ahead of today's session: leading equity indices in the US rose as Dow Jones closed the day at 34,100, having gained 1.18%. S&P 500 gained 1.36% and closed at 4,003.58.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific session in progress; markets are rising as ASX 200 rises by 0.62%, reaching 7,225.8. Upbeat European markets ended yesterday higher as FTSE added 1.03% to trade at 7,453.
Today's rise takes place amid mixed market indicators — United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -4.8 million, while the previous figure was -5.83 million. United States 7-Year Note Auction came out at 3.89. Fresh 5-Year Note Auction data from United States came out at 3.974.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published today at 13:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1 million. It previously stood at -5.4 million; data will be released today at 15:30 UTC.
Furthermore, the market is looking at United States New Home Sales (Oct) scheduled to come out today at 15:00 UTC.
While most stocks did well yesterday, some did better than others as Burlington Stores trades at $189.96 having gained 20.5%. Texas Pacific Land (up 4.33%).
Yesterday's bullishness contained stock stragglers as Rollins closed at $39.54 having dropped 6.13%.
Burlington Stores gains 20.5%; sets session high of $192.32
Burlington Stores pointed in the same direction yesterday: after ending Monday's session at $157.64, Burlington Stores, Inc. went up to $192.32 yesterday only to fall back and close at $189.96. Burlington Stores's market cap is currently $12.45 billion with an average daily volume of 1.61 million shares. So far in 2022, it has been doing worse than the Nasdaq by 3.2%.
Bearish mood pushes Rollins to session low of $39.31
After ending Monday at $42.12, Rollins declined to $39.31 yesterday before closing at $39.54, thereby losing 6.13% in total. Rollins is currently trading with a market cap of $19.47 billion with an average daily trading volume of 1.63 million shares. The S&P has been doing worse in 2022, it has been passing it by 45.44%.