As traders prepare for a higher market open today, Friday's bearish sentiment is in focus: a tough session dominated by bearish sentiment left Opendoor Technologies Inc. 22 cents lower, while setting a $1.55 to $1.74 session range.
Opendoor Technologies Inc was not the only decliner in the real estate sector; ProLogis dips 2.12% Friday to close at $124.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 15:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 1% from the preceding figure of 2.5%.
Some optimism can drawn from the fact that United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC.
The online US real estate company is now trading 81.52% below the significant high of $9.85 it set around 10 months ago.