- Midway through earnings season, Asana, Inc. & Natura &Co Holding S.A. are in line to report next
- Allot was the biggest decliner after giving up 13.29% yesterday
- European markets are up as FTSE added 0.66% to trade at 7,928.42.
Ahead of today's session: leading equity indices in the US declined as Dow Jones slipped 0.71% and closed at 32,657. S&P 500 lost 0.3% and ended the session at 3,970.
US markets are currently closed but will resume today in around 21 minutes time. European markets are trending positively as FTSE moves up to 7,928.42 (up 0.66%). Asia-Pacific markets closed higher today whilst KOSPI Composite Index ascends by 0.42%, reaching 2,413.
Asana, Inc. & Natura &Co Holding S.A. due to release their earnings reports within the following week.
Market's down-tick coincides with some negative macro data published earlier as United States Consumer Confidence published yesterday at 15:00 UTC came out at 102.9, falling short of the 108.5 projections and continuing its decline from the previous 106 figure.
Markets are trading lower today despite some positive data published earlier as United States Pending Home Sales beat the 1% projections, with 8.1%. United States Core Durable Goods Orders beat the 0.1% projections, with 0.7%.
Looking ahead, ongoing depreciation may be prolonged as today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 457,000 from the preceding figure of 7.65 million. United States Initial Jobless Claims expected to decline to 195,000 while its preceding data was 192,000, data will be available tomorrow at 13:30 UTC.
Furthermore, United States ISM Non-Manufacturing PMI (Feb) will be released Friday.
While markets are generally down so far today, some assets outperformed such as Dentsply Sirona gained 10.19% to reach $38.07. Coinbase (up 9.96%).
Yesterday's bearishness meant that Allot lost 13.29% yesterday before closing at $three.
Yesterday's gains added to Coinbase Global, Inc.'s 3 days uptrend, during which it increased a total of 52 cents. Daily trading volume (24.77 million shares) increased, making up 113% of the 21-day average (21.88 million).
Dentsply | Up 10.19% to $38.07 yesterday
Dentsply has posted further gains as part of a 3 day trend that has already seen the stock gain 22 cents. Dentsply pointed in the same direction yesterday: after closing yesterday at $38.07, the dental equipment manufacturer peaked at $38.92 before giving up early gains and closing at $38.07. Daily trading volume (5.62 million shares) increased, making up 281% of the 21-day average (2 million). Based on current prices, Dentsply shareholders are currently earning an annual dividend yield of 1.31% after the company distributed a quarterly dividend of 12.5 cents per share for all eligible shareholders as of Friday, December 30th. The most recent payment was made on Friday, January 13th.
Dentsply Sirona released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.76 per share on revenue of $983 million, topping estimates of 0.32 per share on revenue of $936.88 million. Since the release of its earnings report, Dentsply Sirona gained 10.19%.