Markets are down midway through the trading session

Published: September 20 2022, 18:00 GMT+0

Markets are down midway through the trading session

  • Sotera Health moves 15.56% halfway through the session As things stand, Bright Health (down 3.6%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
  • European markets are dropping as CAC is down by 1.35%, reaching 5,979.47

With the trading session well underway, the leading indices are dropping — Dow Jones slipping 1.75% and closing at 30,477. S&P 500 drawing back 1.82% to 3,828.77. Nasdaq trades at 11,347 after losing 1.63%.

European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific session in progress; markets are rising as ASX 200 added 1.29% to trade at 6,806.4.

The earnings season is coming to an end and Adobe and FedEx Corp have release their reports.

While price action maintains a negative bias, United States Building Permits (Aug) released today at 12:30 UTC with a figure of 1.52 million, while the previous figure was 1.69 million. United States 20-Year Bond Auction came out at 3.82. United States Housing Starts (Aug) came out at 1.57 million, while a consensus of analysts was expecting 1.45 million.

Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories projected to decline to 2.32 million while previous data was 2.44 million; data will be released tomorrow at 14:30 UTC. United States Initial Jobless Claims projected to come out at 218,000 — worse than previous data of 213,000; data will be released Thursday.

Furthermore, United States Interest Rate is expected tomorrow at 18:00 UTC.

Sotera Health is currently trading at $8.3 after declining 15.56%. As things stand, Bright Health (down 3.6%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.

Sotera Health is on its way to worst day, dropping by $1.53

Sotera Health down by $1.53 (15.56%). This is the largest single day drop since Mar 2. Today's losses are adding to a 6 day bearish run, during which Sotera Health lost $6.6 of its value. As things stand, trading volume is at 8.75 million, above the 21-day average of 2.24 million.

Bright Health currently down 3.6% prior to afternoon session

More of the same today: Bright Health drops 3.6% in early trade and remains within touching distance of the $1.21 level. Bright Health's market cap currently stands at $758.79 million with an average daily trading volume of 1.90 million shares. So far in 2022, it has been doing worse than the Nasdaq by 29.14%.