- Globus Medical suffered relatively more than others yesterday after 4.61% dip As things stand, FIS (down 4.31%) and Walt Disney (down 3.79%) are underperforming today
- European markets are down as DAX is currently down 0.57% and trading around 14,262.
Before today's session: leading equity indices in the US declined as S&P 500 shed 1.44% and closed at 3,941.26. Nasdaq lost 2% and ended the session at 11,000.
US markets are now currently closed and set to reopen today; meanwhile, European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets were down today as ASX 200 goes down to 7,229.4 (down 0.85%).
Meanwhile, United States ISM Non-Manufacturing PMI (Nov) released Monday with a figure of 56.5, while the previous figure was 54.4. United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million. United States Trade Balance (Oct) released yesterday at 13:30 UTC with a figure of -78.2 billion, while the previous figure was -74.1 billion.
Looking ahead, ongoing depreciation may be prolonged as tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 230,000 from the preceding figure of 225,000.
In addition, United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million. It previously stood at -12.58 million; data will be released today at 15:30 UTC.
Furthermore, United States Producer Price Index figure is projected at 0.2%. It previously stood at 0.2%; data will be released Friday.
Yesterday's bearishness meant that Globus Medical lost 4.61% yesterday before closing at $68.95. FIS (down 4.31%), Walt Disney (down 3.79%) also underperformed yesterday.
FIS closed at $69.73 after losing 4.31% yesterday
Yesterday's session continued the recent downtrend: after ending Monday at $72.87, Fidelity National Information Services dropped to $68.75 early in yesterday's session and closed at $69.73. In total, it lost 4.31%. The company has a market cap of $41.38 billion with an average daily volume of 7.83 million shares. So far in 2022, it has been under-performing the S&P 500 by 16.34%.
Risk-off sentiment pushes Globus to 4.61% loss yesterday
Yesterday's session continued down the same path: after ending Monday at $72.28, Globus Medical declined to $68.26 yesterday before closing at $68.95, thereby losing 4.61% in total. The company's market cap is $5.34 billion with an average daily trading volume of 710,558 shares.