Markets are down midway through the trading session

Published: September 23 2022, 17:00 GMT+0

Markets are down midway through the trading session

  • Playtika tumbles 6.05% halfway through the session As things stand, Bright Health (down 4.42%) and the Pound (down 2.95%) are underperforming today
  • European markets are dropping as CAC is down by 2.28%, drops to 5,783.41

The trading session is well on its way, the leading indices are slipping — Dow Jones trades at 29,470 after losing 2.02%. S&P 500 slipping 2.11% and closing at 3,678.54. Nasdaq drawing back 2.1% to 10,835.

European markets are down as CAC drops to 5,783.41 (down 2.28%). Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session.

The earnings season is coming to an end and Costco & Accenture plc Class A (Ireland) have release their reports.

Market's down-tick coincides with some negative macro data published earlier as Crude Oil Inventories in United States fell short of market expectations (2.16 million) with a reading of 1.14 million, continuing the decline from the previous figure of 2.44 million.

Markets are trading lower today despite some positive data published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 218,000 with a reading of 213,000.

Amid the market gloom, United States Interest Rate came out at 3.25, while a consensus of analysts was expecting 3.25.

Furthermore, United States Fed Chair Powell speech is scheduled today at 18:00 UTC.

Playtika is currently trading at $10.25 after declining 6.05%. As things stand, Bright Health (down 4.42%), the Pound (down 2.95%) are also underperforming today.

Playtika currently down 6.05% prior to afternoon session

Playtika is trading close to the $10.25 level today, after ending yesterday at $10.91 and dropping 6.05%. Playtika has a market cap of $4.23 billion with an average daily volume of 3.32 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 3.38%.

Bright Health currently down 4.42% prior to afternoon session

More of the same today: Bright Health slides down from $1.13 to $1.08, losing 5 cents (4.42%). The company has a market cap of $680 million with an average daily trading volume of 1.97 million shares. So far in 2022, it has been doing worse than the Nasdaq by 26.55%.