Markets are bullish as the trading day gets underway

Published: June 02 2023, 14:00 GMT+0

Markets are bullish as the trading day gets underway

  • MongoDB gains 30.11% as the top gainer; currently at $382.46
  • Top laggard Bright Health giving up 64 cents, or 6.04%, so far this session
  • European session in progress; markets are rising as FTSE added 1.23% to trade at 7,582.27.

The trading session has started and the leading indices are showing gains — Dow Jones up to 33,429, gaining 1.11%. S&P 500 up to 4,247.73, gaining 0.63%.

European markets are up as FTSE jumps to 7,582.27 (up 1.23%). Asia-Pacific equity markets are currently seeing a boost in risk-on sentiment.

3Rd quarter earnings season is mostly over, with Signature Bank and Five Below, Inc. releasing their earnings reports just this week.

Uptick coincides with some positive signs published earlier as highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000.

On a negative note, the market received some disappointing news as Average Hourly Earnings in United States fell short of market expectations (0.4%) with a reading of 0.3%, continuing the decline from the previous figure of 0.4%. Highly important Unemployment Rate data from United States beat analyst expectations of 3.5 with a reading of 3.7.

While indices are generally bullish today, some individual assets stood out as MongoDB trades at $382.46 having gained 30.11%.

Bright Health moves 6.04% to trade at $9.95.

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