Markets remain in flux as trading day moves towards close

Published: January 25 2023, 21:00 GMT+0

Markets remain in flux as trading day moves towards close

  • Lead straggler Oatly moves 8.3% as lethargic equity market winds down to close Bright Health (down 6.6%) has also underperformed today.
  • European markets show no gains or losses.

As the session draws to an end markets don't have a clear cut direction — Nasdaq trades at 11,300 after losing 0.22%. S&P 500 trades at 4,013.48 with no major change.

European markets have no obvious direction. Asia-Pacific markets are in session with varied performances.

This limbo state is reflected by market data published as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000. United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as tomorrow at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released Friday. United States Core PCE Price Index (MoM) (Dec) is scheduled for Friday.

While markets are generally sideways so far today, these assets are pulling ahead as Outbrain up 3.85% trading at $5.

Despite lacklustre price action, some assets are lagging behind their peers as Oatly seems to be down today, losing 8.3% of its value. Bright Health (down 6.6%) has also underperformed today.

Outbrain | Broadly flat at $5; session high: $five session low: $4.66

  • After hitting an important low of $3.36 approximately 28 days ago, the web recommendation platform has bounced back 43.15% since.

Outbrain hit a significant low of $3.36 around 28 days ago, but has since recovered 43.15%. Outbrain has a market cap of $262.52 million with an average daily volume of 191,566 shares. Outbrain's last revenue report was $229 million with an EPS of -10 cents.