Most markets are higher this morning as risk-on sentiment dominates: Snap Inc., NIO Inc., IQVIA Holdings Inc are showing impressive gains as we move into the afternoon trading session.
The leading indices are climbing up — Nasdaq goes up 1.8%, trading at 11,150. S&P 500 up to 3,844.73, gaining 1.25%.
Today's rise takes place amid mixed market indicators — United States Consumer Confidence published today at 14:00 UTC came out at 102.5, falling short of the 106.5 projections and continuing its decline from the previous 107.8 figure.
Here are the biggest large cap stocks gainers so far today.
IQVIA | +9.41% in mid-session
Despite closing yesterday at $179.56 and then climbing as high as $197.23 today, IQVIA Holdings Inc has given up a sizeable portion of its gains to now trade at $196.46. As things stand, trading volume is at 1.22 million, above the 21-day average of 1.21 million.
IQVIA is scheduled to announce earnings results tomorrow. The consensus EPS estimate is 2.39 and the consensus revenue estimate is $3.54 billion.
NIO Inc. | +9.89% in mid-session
After closing yesterday at $9.45, NIO Inc. went up to $10.41 only to drop back some of the way, and is now trading at $10.38.
Rivian | Currently steady around $34.28
Rivian trades at $34.28 today, after closing yesterday at $31.34 and gaining $2.94 (9.38%).
Snap | +11.79% in mid-session
After ending yesterday at $8.31, Snap is currently trading at $9.29. Current trading volume stands at 76.71 million; 155% above the 21-day average of 49.46 million.