Bearish mood pushes MetLife to session low of $51.8

Published: May 27 2023, 09:36 GMT+0

Bearish mood pushes MetLife to session low of $51.8

A quick look at yesterday: pronounced bearish market sentiment ensured that the financial services company made a notable 1.82% loss yesterday, declining 96 cents and ultimately closing at $51.81.

United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

On the other hand, positive performances could be seen by looking at other financials stocks as American Express was up 4.08%. Goldman Sachs gained 2.51%, as it traded at $332. The Blackstone Group Inc. traded at $85.7 after closing yesterday's trading day at $83.53 (up 2.6%).

The financial services company is now trading 7.43% above the significant low ($49.12) it slumped to 11 days ago.