- Wednesday's star of the day, Burlington Stores, appreciated 3.02% before Thanksgiving holiday
- Asia-Pacific markets are in session with varied performances.
Trading is currently halted for Thanksgiving but will continue today. Markets were up Wednesday; Nasdaq gained 0.99% and closed at 11,300. S&P 500 closed the day at 4,027.26, having gained 0.59%.
US traders are set to return to their desks today. Meanwhile, elsewhere in equities, Asia-Pacific markets are currently mixed so far this session. European markets closed higher yesterday whilst DAX added 0.78% to trade at 14,540.
Uptick coincides with some positive signs published earlier as data for United States Core Durable Goods Orders published Wednesday came out at 0.5%, beating projections of 0.1% and showing improvement over the preceding figure of -0.9%.
On a negative note, the market received some disappointing news as highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading 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 Burlington Stores trades at $195.7 having gained 3.02%. Walt Disney (up 2.78%) and Zimmer Biomet (up 2.32%) also performed well Wednesday.
Walt Disney levels up 2.78% in Wednesday's session; traders eye opening bell in 9 hours time
After closing at $96.21 on Tuesday, Walt Disney rallied as high as $99.34 but ended the day at $98.88. The company's market cap is $176.11 billion with an average daily trading volume of 19.59 million shares. So far in 2022, it has been doing worse than the Dow by 30.55%.
Burlington Stores extended a 6 day uptrend having already gained $40.4
Burlington Stores pointed in the same direction Wednesday: generally flat but with a slight bullish bias, Burlington Stores ranged between $185.23 and $196.1 before closing higher at $195.7. The company has a market cap of $12.83 billion with an average daily volume of 1.78 million shares. So far in 2022, it has been outperforming the Nasdaq by 7.76%.
The company reported earnings of 0.43 per share Tuesday, falling short of expectations of 0.52. Revenue was also lower than expected at $2 billion versus $2 billion. Although earnings did not match projections, Burlington Stores gained 24.14% since the release of its earnings report.