- Top laggard iQIYI gave up 41 cents, or 14.44% yesterday Oatly had a negative day yesterday (down 8.74%).
- European markets are up as FTSE ascends to 7,474 (up 0.29%).
An update of where yesterday closed ahead of the next session: markets closed higher yesterday, as Dow Jones ended the session at 34,100 after a 1.18% gain. S&P 500 gained 1.36% and closed at 4,003.58.
Trading in the US will continue today in around a hour time, meanwhile European markets are trending positively as FTSE added 0.29% to trade at 7,474. Asia-Pacific markets closed higher today whilst ASX 200 is up by 0.7%, hitting 7,231.8.
Today's rise takes place amid mixed market indicators — United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -4.8 million, while the previous figure was -5.83 million. United States 7-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.89, while the previous figure was 4.027. United States 5-Year Note Auction released Monday with a figure of 3.974, while the previous figure was 4.192.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published today at 13:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1 million. It previously stood at -5.4 million; data will be released today at 15:30 UTC.
The market is looking forward to the release of new data: United States New Home Sales (Oct) is scheduled for today at 15:00 UTC.
While most stocks did well yesterday, some did better than others as Warner Music trades at $31.09 having gained 15.23%.
Yesterday's bullishness contained stock stragglers as iQIYI closed at $2.43 having dropped 14.44%. Oatly had a negative day yesterday (down 8.74%).
Risk-off sentiment pushes Oatly to 8.74% loss yesterday
Yesterday's session continued down the same path: after ending Monday at $1.83, Oatly Group AB declined to $1.6 yesterday before closing at $1.67, thereby losing 8.74% in total. Oatly's market cap is currently $988.47 million with an average daily volume of 4.19 million shares. So far in 2022, it has been doing worse than the Nasdaq by 36.3%.
Solid session for Warner Music generates 15.23% gain yesterday
The world's 3rd largest recording company topped out at $31.69 having ended yesterday at $31.09. However, despite early momentum, the stock gave up its gains to now trade at $31.09. Warner Music's market cap currently stands at $4.27 billion with an average daily trading volume of 1.20 million shares.
Warner Music released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.28 per share on revenue of $1.50 billion, topping estimates of 0.13 per share on revenue of $1.41 billion. Since the release of its earnings report, Warner Music gained 15.23%.