- Yesterday's star of the day Okta appreciates 26.46% while outperforming its peers
- Shoals Technologies was the biggest decliner yesterday after giving up 19.57%
- European markets ended a mixed session yesterday whilst DAX goes up by 0.65%, reaching 14,500.
Ahead of today's session: 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, a mixed session has ended in the European markets yesterday. Asia-Pacific markets were down today as KOSPI Composite Index is currently down 1.75% and trading around 2,436.53.
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.
Ambiguous macro data is influencing the market 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 came out at 225,000, better than analyst estimates of 235,000 and improving upon the previous reading of 241,000.
Data to be released today might clear up some of the market fog as United States Non Farm Payrolls projected to come out at 200,000 — worse than previous data of 261,000; data will be released today at 13:30 UTC. United States Unemployment Rate is expected today at 13:30 UTC.
While markets were generally sideways yesterday, these stocks pulled ahead as Okta up 26.46% trading at $67.43. Micronet Enertec Technologies is doing well and gains 20.46%.
With price action largely muted in yesterday's session, several stocks struggled to find momentum as Shoals Technologies lost 19.57% yesterday before closing at $23.3.
Shoals Technologies closed at $23.3 after losing 19.57% yesterday
Yesterday's session continued down the same path: after ending Wednesday at $28.97, Shoals Technologies Group, Inc. dropped to $23.05 early in yesterday's session and closed at $23.3. In total, it lost 19.57%. The company's market cap is $2.64 billion with an average daily volume of 2.15 million shares.
Daily trading volume (1.44 million shares) was above the current multiday average of 625,345.