US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 80.54 points or 2.13 per cent lower at 3,706.84, Dow Jones Industrial Average Index contracted by 614.77 points or 2.01 per cent lower at 29,988.59, and the technology benchmark index Nasdaq Composite traded lower at 13,029.68, down by 307.48 points or 2.31 per cent against the previous day close (at the time of writing, before the US market close at 1:00 PM ET).
US Market News: The major indices of Wall Street traded in the red territory due to diminishing market confidence regarding GameStop saga. The U.S. Employment Cost Index increased by 0.7% during the fourth quarter of 2020 compared to an increase of 0.5% during the third quarter of 2020. Among the gaining stocks, shares of Novavax Corp grew by 62.23% after it had achieved an 89.3% efficacy rate in its Covid-19 vaccine trial. Shares of Skyworks Solutions went up by 17.22% after it had reported the earnings per share more than the consensus estimates. Shares of Biogen went up by 11.15% after FDA extended review for Alzheimer’s drug. Among the declining stocks, shares of Mondelez International dropped by 2.45% although it reported quarterly profit more than the expectations. Shares of Chevron Corp went down by 1.93% after it reported a fourth-quarter loss.
US Stocks Performance*

European News: The London and European markets traded in the red territory reflecting weak investor sentiments regarding vaccine rollout and Reddit chaos. Among the gaining stocks, Just Eat Takeaway shares jumped by 4.00% benefitted out of Covid-19 pandemic restrictions and lockdowns. Avon Rubber shares jumped by 0.32% after it reported strong demand from military customers. Among the decliners, Trainline shares dropped by 5.03% after it was downgraded to “underweight” by Barclays. Paragon Banking Group shares went down by 2.55% after it reported a fall in lending volumes. Evraz shares went down by 0.16% although it reported an increase in steel production during the fourth quarter. Shares of Rolls-Royce Holdings had fallen the most on FTSE 100.
European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 29 January 2021)

1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.); International Consolidated Airlines Group SA (IAG).
Top 3 Sectors traded in red*: Healthcare (-2.10%), Financials (-2.07%) and Energy (-1.91%).
London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $55.13/barrel and $52.24/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,852.20 per ounce, up by 0.62% against the prior day closing.
Currency Rates*: GBP to USD: 1.3703; EUR to GBP: 0.8854.
Bond Yields*: US 10-Year Treasury yield: 1.072%; UK 10-Year Government Bond yield: 0.320%.
*At the time of writing