- Affirm was the biggest decliner today after giving up 22.63% As things stand, Viasat (down 19.3%) and Global-e (down 9.74%) are underperforming today
- European markets were down today as EuroSTOXX is down by 0.3%, reaching 3,728
Before tomorrow's session: leading equity indices in the US declined as Dow Jones slipped 1.95% and closed at 32,500. S&P 500 lost 2.08% and ended the session at 3,748.57.
US markets are currently closed but will resume tomorrow in around 16 hours time. European markets were down today as EuroSTOXX draws back to 3,728 (down 0.3%). Asia-Pacific markets ended a mixed session today whilst KOSPI Composite Index is up by 1.06%, hitting 2,424.41.
Markets are trading lower today despite some positive data published earlier as United States Crude Oil Inventories beat analyst expectations of 1.36 million and the previous reading of -3.12 million with new data of 3.92 million.
Meanwhile, United States 10-Year Note Auction released today at 18:00 UTC with a figure of 4.14, while the previous figure was 3.93. United States Cushing Crude Oil Inventories came out at -923,000.
Furthermore, United States Consumer Price Index is expected tomorrow at 13:30 UTC. United States Core Consumer Prices is expected tomorrow at 13:30 UTC. United States Consumer Price Index figure is projected at 8%. It previously stood at 8.2%; data will be released tomorrow at 13:30 UTC.
Today's bearishness meant that Affirm lost 22.63% today before closing at $12.1. Viasat (down 19.3%), Global-e (down 9.74%) also underperformed today.
Global-e ticks up 1.42% in after hours trading; currently at $18.61
More of the same from today's session: early in today's session, Global-E Online Ltd. dropped to $18.31 from $20.33 at the end of yesterday, before closing at $18.35. During the session, it lost 9.74%.
The company's market cap is $2.87 billion with an average daily trading volume of 1.31 million shares.
Global-e is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.31 and the consensus revenue estimate is $100.92 million.
Affirm sheds 22.63% within $11.94 to $13.75 daily range
Today's session continued the recent downtrend: early in today's session, Affirm dropped to $11.94 from $15.64 at the end of yesterday, before closing at $12.1. During the session, it lost 22.63%.
Affirm has a market cap of $3.62 billion with an average daily volume of 12.15 million shares. So far in 2022, it has been doing worse than the Nasdaq by 34.43%.
Affirm reported earnings results yesterday; with EPS at -0.86, these results are ambiguous when compared to a consensus of -0.82 Earnings Per Share. Since the release of its earnings report, Affirm lost 22.58%.