The Dow is up more than 100 points. US manufacturing PMI slips in November – PagSeguro Digital (NYSE:PAGS), Outset Medical (NASDAQ:OM) | So Good News


U.S. stocks rose this morning, with the Dow Jones gaining more than 100 points on Wednesday.

After the market opened Wednesday, the Dow rose 0.40% and the NASDAQ rose 0.74% to 11,257.46. The S&P 500 also rose 0.46% to 4,021.86.

Also check this out: Market volatility eases after record gains in US stocks

Leading and lagging sectors

Consumer discretionary shares rose 1% on Wednesday. He was a force in leading the sector. Porch Group, Inc. PRCH versus Latham Group, Inc. swimming.

Energy shares were down 1% in trading on Wednesday.

Top headlines

The S&P Global manufacturing PMI fell to 47.6 from 50.4 last month, while the composite PMI fell to 46.3 from 48.2, compared with a market estimate of 50.

Share trading UP

  • Complete Corporation PERF Shares climbed 25% to $6.61 after falling 39% on Tuesday. Goldman Sachs initiated coverage on Perfect on Monday with a Neutral rating and announced a price target of $7.8.
  • Shares Latham Group, Inc. swimming It rose 19% to $3.3795. The company recently dropped quarterly results.
  • Outset Medical, Inc. OM Shares also rose, rising 14% to $20.42. RBC Capital Markets recently initiated coverage on Outset Medical with an Outperform rating and a price target of $23.

A decline in share trading.

  • Prenetics Global Limited Pre Shares fell 21% to $1.7390. Prenetics Global recently posted Q3 sales of $79.68 million.
  • Shares PagSeguro Digital Ltd. Pages The company fell 18% to $9.79 after reporting Q3 earnings results.
  • SuperCom Ltd. SPCB It fell 16% to $1.8899. SuperCom reported a 1-for-10 reverse stock split.

Additionally, Dollar Tree; Dycom Industries; Another big loss from Tuesday against Chico’s FAS

Consumer goods

In commodities news, oil traded down 4 percent, while gold was down 0.2 percent at $77.75 and $1,743.60.

Silver traded up 1.6% to $21.38 on Wednesday, while copper rose 0.1% to 3.6160.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 added 0.5%, London’s FTSE 100 rose 0.2% and Spain’s IBEX 35 Index rose 0.1%. The German DAX added 0.1%, the French CAC 40 rose 0.1% and Italy’s FTSE MIB Index added 0.1%.

The S&P global eurozone services PMI was unchanged at 48.6 in November, while the manufacturing PMI rose to 47.3 in November from 46.4 in October. The S&P Global/CIPS UK services PMI was unchanged at 48.8 in November, while the manufacturing PMI stood at 46.2 in November.

The S&P Global French composite PMI fell to 48.8 in November, while the composite PMI in Germany rose to 46.4 in November.

Asia Pacific markets

Asian markets closed higher on Wednesday with Japan’s Nikkei up 0.61% and Hong Kong’s Hang Seng Index up 0.57%. China’s Shanghai Composite Index rose 0.26%.

The S&P Global Australia Composite PMI fell to 47.7 in November from 49.8 the previous month.


  • Initial jobless claims in the US rose by 17,000 to 240,000 in the week ended November 19, compared with market estimates of 225,000.
  • Durable goods orders rose 1% in October.
  • Building permits fell 3.3 percent from a month ago to an annualized 1.512 million in October.
  • The S&P Global manufacturing PMI fell to 47.6 from 50.4 last month, while the composite PMI fell to 46.3 from 48.2, compared with a market estimate of 50.

Check This Out: HP Joins Mega Tech Layoff Frenzy Here’s a look at the most recent price target cuts by the most accurate analysts.

COVID-19 update

The US has the highest number of coronavirus infections and deaths in the world, with a total of 100,279,690 infections and around 1,103,350 deaths. India has confirmed at least 44,671,110 cases and 530,590 deaths, while France has confirmed more than 37,442,940 cases of COVID-19 and 158,420 deaths. Worldwide, at least 644,087,700 people have been infected with COVID-19 and more than 6,629,510 have died.


Source link