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April 18, 2023
- Playtika gains 6.19% as the top gainer; currently at $11.49
- Top laggard CommScope Holding Company, Inc. gave up 38 cents, or 7.13% yesterday
- European markets are trending positively as FTSE improves to 7,895.38 (up 0.2%).
Before today's session: markets closed higher yesterday; Dow Jones ended the session at 34,000 after a 0.3% gain. S&P 500 closed the day at 4,151.32, having gained 0.33%.
US markets are currently closed but will resume today in around 4 hours time. European markets are up as FTSE added 0.2% to trade at 7,895.38. Asia-Pacific markets ended a mixed session today whilst Nikkei climbs by 0.51%, reaching 28,659.
As Q1 earnings reports begin to trickle in, most of the reporting companies have fallen short of Wall Street estimates. Tesla and Globe Life Inc were featured this past week while United Parcel Service and Corning Inc are scheduled next.
Today's rise takes place amid mixed market indicators — United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion. United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.
Furthermore, the market is looking at United States Crude Oil Inventories projected to come out at -2.46 million — worse than previous data of 597,000; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States Philadelphia Fed Manufacturing Index (Apr) will be released Thursday. United States Building Permits (Mar) scheduled to come out today at 12:30 UTC.
While most assets did well yesterday, some did better than others as Playtika trades at $11.49 having gained 6.19%. Warner Bros. Discovery (up 5.44%) is also performing well.
Yesterday's bullishness contained stragglers as CommScope Holding Company, Inc. closed at $4.95 having dropped 7.13%.
Playtika | Closed +6.19% at $11.49
An influx of buyers helped the mobile casino game developer to end the session higher around $11.49, while establishing a $10.82 to $11.53 session range yesterday. The day's trading volume totalled 833,102 shares — under the 21-day average of 1.58 million.
CommScope Holding Company, Inc. | Closed down 7.13% at $4.95 yesterday
Having fallen $1.04 in 11 days, Yesterday's session continued the recent downtrend: after ending Friday at $5.33, CommScope Holding Company, Inc. declined to $4.72 yesterday before closing at $4.95, thereby losing 7.13% in total. Daily trading volume (4.38 million shares) was above the current multiday average of 2.59 million.
