- Wednesday's star of the day, Coupa Software Incorporated, appreciated 28.89% before Thanksgiving holiday
- Asia-Pacific markets are up as KOSPI Composite Index is up by 0.96%, hitting 2,441.33.
Markets are closed due to the Thanksgiving holiday but will reopen today. Looking back over the previous session, leading equity indices in the US rose as Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 gained 0.59% and closed at 4,027.26.
US traders are set to return to their desks today. Meanwhile, elsewhere in equities, Asia-Pacific markets are trending positively as KOSPI Composite Index is up by 0.96%, hitting 2,441.33. Upbeat European markets ended yesterday higher as DAX is up by 0.78%, hitting 14,540.
Uptick coincides with some positive signs published earlier as United States Core Durable Goods Orders beat analyst expectations of 0.1% and the previous reading of -0.9% with new data of 0.5%.
On a negative note, the market received some disappointing news as United States Crude Oil Inventories fell short of the -1 million projections, with new data of -3.69 million.
Today's rise takes place amid mixed market indicators — United States New Home Sales (Oct) came out at 632,000, while a consensus of analysts was expecting 570,000.
While most stocks did well Wednesday, some did better than others as Coupa Software Incorporated trades at $58.93 having gained 28.89%. Micronet Enertec Technologies (up 15.24%) and Confluent (up 12.31%) also performed well Wednesday.
Confluent closes at $23.18 after gaining 12.31%
Confluent stayed on track Wednesday: an influx of buyers helped the data infrastructure provider to end the session higher around $23.18, while establishing a $20.62 to $23.5 session range Wednesday. Confluent has a market cap of $3.56 billion with an average daily trading volume of 3.53 million shares. So far in 2022, it has been doing worse than the Nasdaq by 28.67%.
Coupa Software Incorporated ended Wednesday at $58.93, a 28.89% increase
Wednesday's session pointed in the same direction — after ending Tuesday at $45.72, the global tech company spiked to $62.65 and closed Wednesday at $58.93 — gaining 28.89% overall. The company's market cap is $4.47 billion with an average daily volume of 2.75 million shares. So far in 2022, it has been doing worse than the Nasdaq by 29%.