Pre-market trading leads Curaleaf to drop to $2.4 (a 1.8% change) after ending yesterday at $2.44

Curaleaf traders are preparing for a tough opening bell in 4 hours time as pre-market trade emphasizes yesterday's bearish bias. Slightly down but mostly flat: Curaleaf ranged between $2.41 and $2.59 before closing at $2.44.

United States Philadelphia Fed Manufacturing Index (Apr) is next today at 12:30 UTC.

United States Crude Oil Inventories fell short of the -1 million projections, with new data of -4.58 million.

Amid the market gloom, United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909. United States Cushing Crude Oil Inventories came out at -1 million, while a consensus of analysts was expecting 622,000.

Curaleaf Holdings, Inc. could begin to recover as it approaches significant support, now 7 cents away from $2.37. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Curaleaf peaked above its 10 day Simple Moving Average around $2.47 — typically an early indicator of a new bullish trend beginning to emerge.

Despite suffering losses in today's session, technical analysis is indicating that Curaleaf will undergo a significant bounce in the immediate term.

On the other hand, positive performances could be seen by looking at other health care stocks as Abbott Laboratories gained 7.82%, as it traded at $112.29. Intuitive Surgical traded at $298.57 after closing yesterday's trading day at $269.28 (up 10.88%). Medtronic added 3.94% to its value, and traded at $84.87.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Initial Jobless Claims are set for a continuation of decline with 240,000 while previous data was 239,000; data will be released today at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (Apr) is expected today at 12:30 UTC. United States Existing Home Sales (Mar) scheduled to come out today at 14:00 UTC.

Trending downwards for around 4 months. Having soared to a high of $7.57 approximately 4 months ago, the leading medical and recreational marijuana dispensary is now trading 67.64% lower.