Discover the 3 stocks that struggled despite yesterday's risk-on mood

Published: May 27 2023, 05:07 GMT+0

Discover the 3 stocks that struggled despite yesterday's risk-on mood

Markets closed higher yet Cheniere Energy Partners, L.P., Cheniere Energy, Inc., Schlumberger NV top this unflattering list of yesterday's losers

After yesterday's closing bell, leading equity indices in the US rose as Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

Today's rally takes place amid mixed market indicators — data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Despite yesterday's market climb several energy stocks suffered losses. Take a look at the market's Top Losers.

Schlumberger | -1.51% at $44.48

Schlumberger NV has lost 3.79% over the last 3 days. Yesterday's session continued down the same path: after ending Thursday at $45.16, Schlumberger declined to $44.03 yesterday before closing at $44.48, thereby losing 1.51% in total.

Cheniere Energy | -1.73% at $138.9

Cheniere Energy's bearish run has lasted 4 days so far (-$4.26). More of the same from yesterday's session: early in yesterday's session, Cheniere Energy dropped to $137.82 from $141.34 at the end of Thursday, before closing at $138.9. During the session, it lost 1.73%.

Cheniere Energy Partners | Closed down 2.67% at $44.91 yesterday

Cheniere Energy Partners's downtrend has seen it decline 5.75% in 9 days Yesterday's session continued the recent downtrend: an influx of sellers pushed the LNG provider to session lows around $44.88 while establishing a $44.88 to $46.81 session range yesterday.