PacWest Bancorp was the biggest decliner after giving up 14.58% today As things stand, Qurate Retail (down 12.04%) and Vodafone Group (down 8.73%) are underperforming today
European markets were down today as FTSE is down by 0.34%, reaching 7,751

Before tomorrow's session: leading equity indices in the US declined as Dow Jones slipped 1% and closed at 33,000. After dropping 0.64%, S&P 500 closed at 4,110.

US markets are now currently closed and set to reopen tomorrow; meanwhile, European markets closed lower today. Asia-Pacific markets ended a mixed session today whilst Nikkei increases to 29,843 (up 0.73%).

3Rd quarter earnings season is mostly over, with Tencent Music Entertainment Group & Keysight Technologies Inc releasing their earnings reports just this week.

Market's down-tick coincides with some negative macro data published earlier as United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.

Markets are trading lower today despite some positive data published earlier as United States Core Retail Sales improved upon its previous reading of -0.5% with a new data release of 0.4%.

While price action maintains a negative bias, United States API Weekly Crude Oil Stock released today at 20:30 UTC with a figure of 3.69 million, while the previous figure was 3.62 million.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -1.3 million, following on from the preceding figure of 2.95 million. New data is set to be published tomorrow at 14:30 UTC.

Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released Thursday.

Furthermore, United States Philadelphia Fed Manufacturing Index (May) is expected Thursday.

Today's bearishness meant that PacWest Bancorp lost 14.58% today before closing at $4.57. As things stand, Qurate Retail (down 12.04%), Vodafone Group (down 8.73%) are also underperforming today.

PacWest Bancorp | Currently down 14.58% at $4.57

An influx of sellers pushed the bank holding company to end the session lower around $4.57, while establishing a $4.55 to $5.7 session range today. The day's trading volume totalled 29.70 million shares — slightly under the 21-day average of 40.48 million. Just recently, PacWest Bancorp's board disclosed a quarterly dividend of 1 cents per share to be paid on Wednesday, May 31st for all shareholders of record up until Monday, May 15th. Based on current prices, the company's decision thereby provides PacWest Bancorp investors with an annual dividend yield of 0.875%.

Vodafone Group | Closed 98 cents (-8.73%) lower at $10.24

Having fallen 74 cents in 9 days, Today's session continued the recent downtrend: early in today's session, Vodafone Group dropped to $10.08 from $11.22 at the end of yesterday, before closing at $10.24. During the session, it lost 8.73%. Daily trading volume (15.99 million shares) was above the current multiday average of 4.79 million. Just recently, Vodafone Group's board disclosed a quarterly dividend of 44.8 cents per share and subsequently paid on Friday, November 25th for all shareholders of record up until Wednesday, November 23rd. The company's decision thereby provides Vodafone Group investors with an annualised dividend yield of 17.5% (based on current prices).

Vodafone Group is trading in a $10.08 – $10.6 range prior to its earnings announcement.