- Algorand slides down 4.74% halfway through the session EOS (down 3.55%) has also underperformed today.
- European markets have struggled to gain ground and are now trading lower midway through the session.
With the trading session well underway, the leading indices are falling — Dow Jones slipping 0.94% and closing at 33,116. S&P 500 trades at 4,011.75 after losing 0.91%.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are up as ASX 200 moves up to 7,364.7 (up 0.49%).
Skillz Inc. and Smartsheet Inc. due to release their earnings reports within the following week.
While price action maintains a negative bias, United States Factory Orders released yesterday at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories expected to decline to -308,000 while its preceding data was 1.17 million, data will be available tomorrow at 15:30 UTC.
Furthermore, United States ADP Nonfarm Employment Change (Feb) scheduled to come out tomorrow at 13:15 UTC. United States JOLTs Job Openings (Jan) will be released tomorrow at 15:00 UTC.
While markets are generally down so far today, some assets outperformed such as FTX Token gained 9.54% to reach $1.36.
Algorand is trading at $0.215, slides down 4.74%. EOS (down 3.55%) has also underperformed today.
Algorand | -4.74% in mid-session
While on a 16 day slump, falling a total of 22.89%, Similar trend today: Algorand drops from $0.226 to $0.215, losing $0.011 (4.74%) today.