- Peloton leader Steris gains 3.54%; currently at $192.31
- Salesforce suffered relatively more than others yesterday after 8.27% dip
- Asia-Pacific markets are down as Nikkei decreases to 27,773 (down 1.6%).
Yesterday's market activity meant that markets did not have a clear cut direction — Dow Jones lost 0.56% and ended the session at 34,400. Nasdaq closed at 11,482 after a flat day.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session. European markets ended a mixed session yesterday whilst DAX increases to 14,500 (up 0.65%).
The iShares U.S. Treasury Bond ETF has gone up 0.95% to trade at $23.14, thereby indicating that government bond yields were downbeat across the yield curve.
This limbo state is reflected by market data published as United States ISM Manufacturing PMI (Nov) came out at 49, while a consensus of analysts was expecting 49.8. United States Core PCE Price Index (MoM) (Oct) released yesterday at 13:30 UTC with a figure of 0.2, while the previous figure was 0.5. United States Initial Jobless Claims beat analyst expectations of 235,000 and the previous reading of 241,000 with new data of 225,000.
Data to be released today might clear up some of the market fog as projections for United States Non Farm Payrolls are set for a continuation of decline with 200,000 while previous data was 261,000; data will be released today at 13:30 UTC. United States Unemployment Rate figure is projected at 3.7. It previously stood at 3.7; data will be released today at 13:30 UTC.
While markets were generally sideways yesterday, these stocks pulled ahead as Steris up 3.54% trading at $192.31. Zimmer Biomet is doing well and gains 2.71%.
With price action largely muted in yesterday's session, several stocks struggled to find momentum as Salesforce lost 8.27% yesterday before closing at $147.
Risk-off sentiment pushes Salesforce to 8.27% loss yesterday
Early in yesterday's session, Salesforce dropped to $142.08 from $160.25 at the end of Wednesday, before closing at $147. During the session, it lost 8.27%.
Salesforce's market cap is currently $147 billion with an average daily trading volume of 7.15 million shares. So far in 2022, it has been doing worse than the Dow by 30.94%.
Steris ended yesterday at $192.31, a 3.54% increase
Yesterday's session pointed in the same direction — the Irish medical equipment company went up to $192.31, gaining 3.54%. The company's market cap is $19.20 billion with an average daily volume of 583,304 shares. So far in 2022, it has been under-performing the S&P 500 by 5.78%.