- Midway through earnings season, FedEx Corp and Adobe are in line to report next
- Beyond Meat gains 12.6% as the top gainer; currently at $13.94
- Asia-Pacific markets are currently mixed so far this session.
Before today's session: leading equity indices in the US rose as S&P 500 ended the session at 4,369 after a 0.69% gain. Nasdaq gained 0.83% and closed at 13,573.
Trading in the US will continue today in around 8 hours time, meanwhile Asia-Pacific markets are in session with varied performances. Upbeat European markets ended yesterday higher as DAX ascends to 16,231 (up 0.83%).
Aurora Cannabis Inc. & HEXO Corp. have released their earnings reports with FedEx Corp and Adobe are set to publish their respective reports as scheduled.
Today's rise takes place amid mixed market indicators — United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 4%, while a consensus of analysts was expecting 4.1%. United States Core Consumer Prices came out at 0.4%, while a consensus of analysts was expecting 0.4%.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released today at 14:30 UTC.
Also worthy of note, United States Producer Price Index expected to decline to -0.1% while its preceding data was 0.2%, data will be available today at 12:30 UTC. United States Retail Sales projected to decline to -0.1% while previous data was 0.4%; data will be released tomorrow at 12:30 UTC.
While most assets did well yesterday, some did better than others as Beyond Meat trades at $13.94 having gained 12.6%. Adaptive Biotechnologies (up 10.58%) and GDS Holdings (up 8.69%) also performed well yesterday.
GDS Holdings Limited has increased a total of $2.21 over the past 10 days, with yesterday's session contributing to the uptrend. Daily trading volume (2.18 million shares) increased, making up 145% of the 21-day average (1.50 million).
Adaptive Biotechnologies | +2.39% in pre-market trade with 8 hours until open
Adaptive Biotechnologies has posted further gains as part of a 3 day trend that has already seen the stock gain 63 cents. Yesterday's session pointed in the same direction — after ending Monday's session at $7.94, Adaptive Biotechnologies went up to $8.89 yesterday only to fall back and close at $8.78. Daily trading volume (1.69 million shares) was higher than the current multiday average of 1 million.