Midway through earnings season, Five Below, Inc. & Asana, Inc. are in line to report next
Market leader Marvell Technology Group puts in stellar performance, gaining 32.42%; currently at $65.51
CAC goes up to 7,319.18 (up 1.24%).

Before Tuesday's session: markets were up yesterday; Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

US markets are now currently closed and set to reopen Tuesday; meanwhile, European markets closed higher yesterday whilst CAC added 1.24% to trade at 7,319.18. Upbeat Asia-Pacific markets ended yesterday higher as ASX 200 is up by 0.23%, hitting 7,154.8.

3Rd quarter earnings season is mostly over, with Pinduoduo & Booz Allen Hamilton Holding Corporation releasing their earnings reports just this week.

On a negative note, the market received some disappointing news as data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

Today's rise takes place amid mixed market indicators — United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

While most assets did well yesterday, some did better than others as Marvell Technology Group trades at $65.51 having gained 32.42%. Pinduoduo (up 19%) and Broadcom (up 11.52%) also performed well yesterday.

Marvell posts record single day jump of $16.04 (+32.42%)

The integrated circuits design company closed at $65.51 after it made its largest daily jump of $16.04 (32.42%) since December 2021. Marvell has increased a total of $9.74 over the past 12 days, with yesterday's session contributing to the uptrend. Daily trading volume (92 million shares) was above the current multiday average of 12.94 million. Marvell Technology Group disclosed a quarterly dividend of 6 cents per share on Wednesday, March 15th that was paid on Wednesday, April 26th to all shareholders of record up until Friday, April 7th. Based on current prices, the company's decision thereby provides Marvell Technology Group investors with an annual dividend yield of 0.366%.

Marvell released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell gained 42.47%.

Broadcom | Up 11.52% to $812.73 yesterday

Broadcom has posted further gains as part of a 17 day trend that has already seen the stock gain $118.64. Broadcom stayed on track yesterday: ending Thursday at $728.8, the semiconductors company rallied 11.52% yesterday and stayed at the $812.73 level. Daily trading volume (7.75 million shares) was above the current multiday average of 2 million. Broadcom disclosed a quarterly dividend of $4.6 per share on Thursday, March 2nd that was paid on Friday, March 31st to all shareholders of record up until Wednesday, March 22nd. Based on current prices, the company's decision thereby provides Broadcom investors with an annual dividend yield of 2.26%.

Broadcom is scheduled to announce earnings results Thursday. The consensus Earnings Per Share estimate is 10.08 and the consensus revenue estimate is $8.70 billion.