Arrow Electronics is rallying again to $109.09 (up 35 cents), after erasing earlier gains.
- Arrow Electronics is currently trading at $109.09 following the release of ISM Manufacturing PMI (Nov) data from the United States.
- Today's session seems to be pointing upwards and is building on Arrow Electronics's 3 days of gains (+$2.85).
United States ISM Manufacturing PMI (Nov) released today at 15:00 UTC with a figure of 49, while the previous figure was 50.2. United States Core PCE Price Index (MoM) (Oct) came out at 0.2, while a consensus of analysts was expecting 0.3.
Chart analysis suggests Arrow Electronics, Inc. could be slowing down soon as it approaches resistance at $112.08. Of course, crossing it might suggest further gains are ahead.
Tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 200,000 from the preceding figure of 261,000. United States Unemployment Rate is expected tomorrow at 13:30 UTC.
Salesforce is down 9.7% from the beginning of the session and now trades around $144.71. Intuit is trading at $415.93 after ending yesterday's session at $407.59 (up 2.05%). Texas Instruments is down to $177.12, losing 1.85%, after ending yesterday at $180.46.
The stock has been trending positively for about a month. The electronics company has recovered 18.67% since descending to a significant low of $91.63 around a month ago.