Markets fall as trading session comes to a close

Published: September 21 2022, 20:00 GMT+0

Markets fall as trading session comes to a close

  • Zai Lab crashes 12.63% as session draws to a close As things stand, Sotera Health (down 11.04%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
  • European session in progress; markets are rising as FTSE rises to 7,237.64 (up 0.63%).

As the session draws to an end the leading indices are falling — Dow Jones slipping 1.53% and closing at 30,235. S&P 500 trades at 3,796 after losing 1.55%. Nasdaq drawing back 1.61% to 11,241.

European markets are up as FTSE is up by 0.63%, hitting 7,237.64. Asia-Pacific markets are dropping as ASX 200 is down by 1.56%, reaching 6,700.2

The earnings season is coming to an end and Adobe & General Mills Inc have release their reports.

Market's down-tick coincides with some negative macro data published earlier as following a previous reading of 2.44 million, Crude Oil Inventories in United States released today at 14:30 UTC fell short of the 2.16 million figure expected by analysts with an actual reading of 1.14 million.

Meanwhile, United States Interest Rate came out at 3.25, while a consensus of analysts was expecting 3.25. United States Existing Home Sales (Aug) released today at 14:00 UTC with a figure of 4.8 million, while the previous figure was 4.82 million.

Looking ahead, ongoing depreciation may be prolonged as United States Initial Jobless Claims expected to decline to 218,000 while its preceding data was 213,000, data will be available tomorrow at 12:30 UTC.

Furthermore, United States Fed Chair Powell speech set for Friday.

Zai Lab is trading at $42.91, crashes 12.63%. As things stand, Sotera Health (down 11.04%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.

Sotera Health sheds 11.04%; sets session low of $7.16

More of the same today: Sotera Health is sliding down from $8.2 to $7.29, taking a 11.04% loss as it nears the end of the session. Sotera Health's market cap currently stands at $2 billion with an average daily volume of 2.79 million shares.

Zai Lab sheds 12.63%; sets session low of $42.37

Zai Lab ended yesterday at $49.12 and dropped 12.63% today as it reaches the end of the current session. Zai Lab is currently trading with a market cap of $4.22 billion with an average daily trading volume of 671,937 shares. So far in 2022 it has been beating the Nasdaq by 14.85%.

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