US market closed higher yesterday, European markets are down

Published: September 20 2022, 10:00 GMT+0

US market closed higher yesterday, European markets are down

  • Top laggard Sotera Health gave up $4.9, or 33.27% yesterday Bright Health had a negative day yesterday (down 9.42%).
  • European markets have struggled to gain ground and are now trading lower midway through the session.

Ahead of today's session: markets were up yesterday; Dow Jones ended the session at 31,020 after a 0.64% gain. S&P 500 gained 0.69% and closed at 3,900. Nasdaq closed the day at 11,535, having gained 0.76%.

US markets are set to open today in around 3 hours. In the meantime, European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets closed higher today whilst ASX 200 leaps up by 1.29%, reaching 6,806.4.

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

Also worthy of note, projections for United States Crude Oil Inventories are set for a continuation of decline with 2.32 million while previous data was 2.44 million; data will be released tomorrow at 14:30 UTC.

Elsewhere, United States Interest Rate is expected tomorrow at 18:00 UTC. United States Building Permits (Aug) is expected today at 12:30 UTC.

While most stocks did well yesterday, some did better than others as Outbrain trades at $3.74 having gained 3.6%.

Yesterday's bullishness contained stock stragglers as Sotera Health closed at $9.83 having dropped 33.27%. Bright Health had a negative day yesterday (down 9.42%).

Lethargic Outbrain fails to breach tight $3.46 – $3.76 range

Pointing in a similar direction, yesterday's session was more of the same — Outbrain Inc. Common Stock recovered back to $3.74 after dipping down to $3.46, in a session that followed Friday's $3.61 close value. The company has a market cap of $208.47 million with an average daily volume of 467,076 shares.

Sotera Health ended the session at $9.83, dropping to $4.9

Sotera Health traded at $9.83 after making its biggest single-day drop of $4.9 (33.27%) since November 2021. Sotera Health has been dropping for 6 days, losing $1.7, with yesterday's session maintaining the downtrend. Daily trading volume (16.55 million shares) was above the current multiday average of 2.24 million.

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