- Yesterday's star of the day Ceragon appreciates 9.38% while outperforming its peers
- Top laggard Signature Bank gave up 3 cents, or 12.5% yesterday
- CAC is up by 1.19%, hitting 7,400.
Yesterday's trading session saw to it that markets closed higher yesterday; S&P 500 ended the session at 4,450.38 after a 1.23% gain. Nasdaq closed the day at 13,800, having gained 1.45%.
Trading in the US will continue Monday in around a day time, meanwhile upbeat European markets ended yesterday higher as CAC increases to 7,400 (up 1.19%). Asia-Pacific markets closed higher yesterday whilst KOSPI Composite Index added 0.56% to trade at 2,564.28.
On a negative note, the market received some disappointing news as following a previous reading of -0.4%, Pending Home Sales in United States released Thursday fell short of the -0.5% figure expected by analysts with an actual reading of -2.7%.
Today's rise takes place amid mixed market indicators — United States Core PCE Price Index (YoY) (May) released yesterday at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3.
The market is looking forward to the release of new data: United States ISM Manufacturing PMI (Jun) is scheduled for Monday.
While most assets did well yesterday, some did better than others as Ceragon trades at $2.1 having gained 9.38%. Playtika (up 1.75%).
Yesterday's bullishness contained stragglers as Signature Bank closed at 21 cents having dropped 12.5%.
Signature Bank | Closed 3 cents (-12.5%) lower at 21 cents
Early in yesterday's session, Signature Bank dropped to 19 cents from 24 cents at the end of Thursday, before closing at 21 cents. During the session, it lost 12.5%. Daily trading volume (3.60 million shares) was higher than the current multiday average of 1.71 million.
Ceragon | Closed +9.38% at $2.1
Ceragon has posted further gains as part of a 5 day trend that has already seen the stock gain 3 cents. Yesterday's session pointed in the same direction — after ending Thursday at $1.92, Ceragon went up to $2.15 only to drop back, yet still traded well overall and closed at $2.1 yesterday. Daily trading volume (1.12 million shares) increased, making up 308% of the 21-day average (363,288).