- Top laggard Wayfair gave up $11.48, or 23.05% yesterday Unity Software (down 15.9%), Domino's (down 11.65%) also underperformed yesterday.
- European markets are trending positively as FTSE is up by 0.37%, hitting 7,936.6.
A reminder of where yesterday ended before today's session begins: markets were up yesterday; Nasdaq closed the day at 11,600, having gained 0.72%. S&P 500 ended the session at 4,012.32 after a 0.53% gain.
US markets are now currently closed and set to reopen today; meanwhile, European markets are up as FTSE rises by 0.37%, reaching 7,936.6. Asia-Pacific markets ended a mixed session today whilst Nikkei climbs by 1.29%, reaching 27,453.
NICE Ltd. and CommScope Holding Company, Inc. have released their earnings reports with Marvell Technology Group Ltd and Best Buy Co Inc are set to publish their respective reports as scheduled.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat the 2 million projections, with 7.65 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 192,000.
On a negative note, the market received some disappointing news as United States GDP fell short of the 2.9 projections, with new data of 2.7.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Jan) is expected today at 13:30 UTC. United States New Home Sales (Jan) is expected today at 15:00 UTC.
Yesterday's bullishness contained stragglers as Wayfair closed at $38.33 having dropped 23.05%. Unity Software (down 15.9%), Domino's (down 11.65%) also underperformed yesterday.
Domino's Pizza | Closed down 11.65% at $307.86 yesterday
Domino's Pizza Inc's downtrend has seen it decline 14.51% in 6 days More of the same from yesterday's session: after ending Wednesday at $348.46, Domino's Pizza dropped to $302.14 early in yesterday's session and closed at $307.86. In total, it lost 11.65%. Daily trading volume (3.82 million shares) was above the current multiday average of 721,246. Domino's Pizza disclosed a quarterly dividend of $1.1 per share on Tuesday, October 11th that was paid on Friday, December 30th to all shareholders of record up until Thursday, December 15th. Based on current prices, the company's decision thereby provides Domino's Pizza investors with an annual dividend yield of 1.43%.
Unity Software bounced $1.08 from 4 weeks and a half low and closed at $31.83
The video game maker dropped to its lowest point in 4 weeks and a half at $30.75. It later recovered $1.08 and trades at $31.83. Unity Software has been dropping for 6 days, losing $4.82, with yesterday's session maintaining the downtrend. Daily trading volume (30.94 million shares) was above the current multiday average of 13.65 million.