Against the current: Markets are down, yet Textron Inc, Li Auto Inc., China Southern Airlines Company Limited go up and make this list of top gainers.
The leading indices are falling — S&P 500 drawing back 1.54% to 3,937. Nasdaq trades at 11,022 after losing 1.94%.
Amid the market gloom, United States ISM Non-Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 56.5, while the previous figure was 54.4.
Markets are falling this session, but some large cap stocks are registering gains. Take a look at today's positive market movers.
Textron | +5.56% in mid-session
Despite closing yesterday at $69.9 and then climbing as high as $75.96 today, Textron Inc has given up a sizeable portion of its gains to now trade at $73.78. Current trading volume stands at 2.64 million; 254% higher than the 21-day average of 1 million.
KE Holdings | +3.29% in mid-session
Having set a significant high of $22.95 8 months ago, the housing transactions platform is trading 82.56% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 24.18%. The company's market cap is $21.46 billion with an average daily volume of 13 million shares.
Li Auto | +5.36% in mid-session
After closing yesterday at $22.11, the Chinese EV manufacturer went up to $23.63 only to drop back some of the way, and is now trading at $23.3.
Li Auto is scheduled to announce earnings results Friday. The consensus Earnings Per Share estimate is -0.19 and the consensus revenue estimate is $8.77 billion.
China Southern Airlines | +4.63% in mid-session
The past 3 months have been positive for the largest airline in China as it added 14.22% compared to its 3-month low of $24.27. So far in 2022, it has been outperforming the Nasdaq by 38.06%. China Southern Airlines is currently trading with a market cap of $11 billion with an average daily trading volume of 9,981 shares.