US investors head into Thanksgiving holiday with bullish glee

Published: November 25 2022, 10:00 GMT+0

US investors head into Thanksgiving holiday with bullish glee

  • Wednesday's star of the day Coupa Software Incorporated appreciates 28.89% prior to Thanksgiving
  • Top laggard iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF gave up 1 cents, or 0.04% Wednesday
  • European markets are in session with varied performances.

The Thanksgiving holiday means US markets are closed up until today. In the last trading session before Thanksgiving, leading equity indices in the US rose as Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 gained 0.59% and closed at 4,027.26.

US traders are set to return to their desks today. Meanwhile, elsewhere in equities, European markets are currently mixed so far this session. Asia-Pacific markets ended a mixed session today whilst ASX 200 added 0.24% to trade at 7,259.5.

Uptick coincides with some positive signs published earlier as United States Core Durable Goods Orders beat the 0.1% projections, with 0.5%.

On a negative note, the market received some disappointing news as United States Crude Oil Inventories released earlier showed a marked improvement to -3.69 million from the preceding data of -5.4 million, but fell short of the -1 million figure forecast by a consensus of market analysts.

Today's rise takes place amid mixed market indicators — United States New Home Sales (Oct) came out at 632,000, while a consensus of analysts was expecting 570,000.

While most stocks did well Wednesday, some did better than others as Coupa Software Incorporated trades at $58.93 having gained 28.89%. Confluent (up 12.31%).

Wednesday's bullishness contained stock stragglers as iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed at $25.35 having dropped 0.04%.

Confluent levels up 12.31% in Wednesday's session; traders eye opening bell in 4 hours time

Wednesday's session pointed in the same direction — bullish sentiment helped the data infrastructure provider to hammer out a noteworthy $20.62 to $23.5 range Wednesday, and finally closing at $23.18 to end the session. Confluent's market cap currently stands at $3.56 billion with an average daily volume of 3.53 million shares. So far in 2022, it has been under-performing the Nasdaq by 28.67%.

Wednesday Coupa Software Incorporated increased by 28.89%, ended the session at $58.93

Wednesday's session pointed in the same direction — the software company ended Tuesday's session at $45.72, spiked up to $62.65 and closed at $58.93 — gaining 28.89% Wednesday. Coupa Software Incorporated has a market cap of $4.47 billion with an average daily trading volume of 2.75 million shares. So far in 2022, it has been doing worse than the Nasdaq by 29%.

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