Markets remain in flux as trading day moves towards close

Published: September 19 2022, 19:00 GMT+0

Markets remain in flux as trading day moves towards close

  • Lead straggler Sotera Health moves 30.07% as lethargic equity market winds down to close Bright Health (down 11.59%) has also underperformed today.
  • European markets are in session with varied performances.

With the trading session drawing to a close, markets are currently flat. Nasdaq is relatively flat, trades at 11,461. Dow Jones trades sideways at 30,800. S&P 500 trades at 3,873.47 with no major change.

European markets are currently mixed so far this session. Asia-Pacific markets are dropping as KOSPI Composite Index is currently down 1.14% and trading around 2,355.66.

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

Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with 833,000 while previous data was 2.44 million; data will be released Wednesday. United States Interest Rate figure is projected at 3.25. It previously stood at 2.5; data will be released Wednesday. United States Building Permits (Aug) is scheduled for tomorrow at 12:30 UTC.

While markets are generally sideways so far today, these stocks are pulling ahead as Wix up 14.5% trading at $84.38.

Despite lacklustre price action, some stocks are lagging behind their peers as Sotera Health takes a hit, loses 30.07% of its value. Bright Health (down 11.59%) has also underperformed today.

Sotera Health down to $10.3 today, continues bearish run

More of the same today: after a mostly steady session, Sotera Health loses 30.07% towards the end of the trading day and ends up at $10.3. The company's market cap is $2.91 billion with an average daily volume of 1.50 million shares.

Bright Health is around $1.22 after losing 11.59%

Similar trend today: as the current session draws to a close, Bright Health is hovering around the $1.22 level after closing Friday at $1.38 and dropping by 11.59%. Bright Health is currently trading with a market cap of $768.23 million with an average daily trading volume of 1.83 million shares. So far in 2022, it has been under-performing the Nasdaq by 24.6%.

Back