- Midway through earnings season, Take-Two Interactive Software Inc & WalkMe Ltd. are in line to report next
- Yesterday's star of the day Signature Bank appreciates 25.52% while outperforming its peers
- European markets are down as DAX stumbles to 15,920 (down 0.22%).
Ahead of today's session: leading equity indices in the US declined as after dropping 0.63%, Nasdaq closed at 12,180. S&P 500 lost 0.46% and ended the session at 4,119.17.
US markets are set to open today in around a hour. In the meantime, European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets were down today as KOSPI Composite Index is down by 0.54%, draws back to 2,496.51
Take-Two Interactive Software Inc & WalkMe Ltd. due to release their earnings reports within the following week.
While price action maintains a negative bias, United States API Weekly Crude Oil Stock came out at 3.62 million, while a consensus of analysts was expecting -1.6 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.
Some optimism can drawn from the fact that United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -917,000, having previously been at -1.28 million. The figure will be published today at 14:30 UTC.
Furthermore, United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.1%; data will be released today at 12:30 UTC.
While markets are generally down so far today, some assets outperformed such as Signature Bank gained 25.52% to reach 12 cents. ICU Medical (up 13.64%) and Grifols (up 10.45%) also performed well yesterday.
Daily trading volume (815,722 shares) increased, making up 459% of the 21-day average (177,757).
Signature Bank | +1,983.33% in pre-market trade with a hour until open
Signature Bank has posted further gains as part of a 4 day trend that has already seen the stock gain 1.56 cents. It was more of the same for Signature Bank yesterday — the full-service commercial bank closed Monday at 9.56 cents. yesterday, it gained 25.52% and remained around 12 cents. Daily trading volume (5.18 million shares) was slightly above the current multiday average of 4.70 million. Signature Bank disclosed a quarterly dividend of 70 cents per share on Thursday, January 12th that was paid on Friday, February 10th to all shareholders of record up until Friday, January 27th. Based on current prices, the company's decision thereby provides Signature Bank investors with an annual dividend yield of 2,333.33%.