- Midway through earnings season, Booz Allen Hamilton Holding Corporation and Royal Bank Of Canada are in line to report next
- Qurate Retail was the biggest decliner after giving up 21% yesterday
- CAC goes up to 7,492 (up 0.61%).
Before Monday's session: leading equity indices in the US declined as Dow Jones lost 0.33% and ended the session at 33,427. Nasdaq was down 0.24% before closing the session at 12,658.
US markets are currently closed but will resume Monday in around 2 days time. Upbeat European markets ended yesterday higher as CAC goes up by 0.61%, reaching 7,492. Asia-Pacific markets closed higher yesterday whilst ASX 200 added 0.59% to trade at 7,279.5.
3Rd quarter earnings season is mostly over, with Deere & Company & Catalent Inc releasing their earnings reports just this week.
Markets are trading lower today despite some positive data published earlier as United States Initial Jobless Claims improved upon its previous reading of 264,000 with a new data release of 242,000.
Amid the market gloom, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million. United States Philadelphia Fed Manufacturing Index (May) released Thursday with a figure of -10.4, while the previous figure was -31.3.
While markets are generally down so far today, some assets outperformed such as GoHealth gained 13.19% to reach $19.74. Arrival (up 10.92%) is also performing well.
Yesterday's bearishness meant that Qurate Retail lost 21% yesterday before closing at 84.53 cents.
Qurate Retail | Closed down 21% at 84.53 cents yesterday
Qurate Retail, Inc.'s bearish run has lasted 3 days so far (-1 cents). Yesterday's session continued down the same path: after ending Thursday at $1.07, Qurate Retail dropped to 82.7 cents early in yesterday's session and closed at 84.53 cents. In total, it lost 21%. Daily trading volume (15 million shares) increased, making up 227% of the 21-day average (6.64 million).
GoHealth | Closed +13.19% at $19.74
GoHealth has posted further gains as part of a 4 day trend that has already seen the stock gain $3.9. Yesterday's session pointed in the same direction — an influx of buyers helped the Medicare plan marketplace to end the session higher around $19.74, while establishing a $16.97 to $20.7 session range yesterday. Daily trading volume (332,945 shares) increased, making up 388% of the 21-day average (85,872).