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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.79 points or 0.07 per cent lower at 3,912.80, Dow Jones Industrial Average Index contracted by 63.16 points or 0.20 per cent lower at 31,322.60, and the technology benchmark index Nasdaq Composite traded higher at 14,027.65, up by 40.01 points or 0.29 per cent against the previous day close (at the time of writing, before the US market close at 10:30 AM ET).
US Market News: The major indices of Wall Street traded in the mixed territory after riding on the stimulus hopes. The NFIB Small Business Optimism Index remained 95.0 during January 2021 compared to 95.9 during December 2020. Among the gaining stocks, Glu Mobile shares jumped by 33.01% after it had received an offer worth USD 2.4 billion from Electronic Arts. Shopify shares jumped by 7.27% after it announced the expansion of its checkout system to Facebook and Instagram. Shares of Chegg went up by 4.90% after the company raised its 2021 guidance. Simon Property Group shares grew by 3.16% after it expected a rise in 2021 profit. Among the declining stocks, shares of Eli Lilly plunged by 0.37% after its CFO was forced to step down.
US Stocks Performance*
UK Market News: The London markets inched higher, reflecting positive investor confidence regarding the US stimulus package. FTSE 100 traded marginally higher by around 0.12% after the strengthening of the pound as the pound reached around its three-year high.
Bellway shares went up by around 2.97% after it had reported robust demand for new homes benefitted by the low-interest rates and temporary stamp duty cut. The Company had delivered a significant rise in its order book.
Micro Focus International shares jumped by ~6.57% after it announced FY20 results today. The Company had reinstated its dividend. However, the pre-tax loss had widened amid Covid-19 pandemic.
Ocado Group stock dropped by around 1.68% after the company announced its FY20 results today. It had reported 35% revenue growth for Ocado Retail boosted by the increasing demand for home delivery. The CEO pointed out that the food retailing landscape is stepping towards a transformation.
The Chairman of JD Sports Fashion PLC unveiled its plan to build a distribution centre within the European Union to avoid paying post Brexit tariffs and assist in creating more jobs. Shares of JD Sports Fashion dropped by over 2.30%.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 9 February 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); BP Plc (BP.); Rolls-Royce Holdings Plc (RR.).
Top 3 Sectors traded in green*: Energy (+1.09%), Financials (+0.46%) and Consumer Non-Cyclicals (+0.17%).
Top 3 Sectors traded in red*: Industrials (-1.26%), Technology (-0.34%) and Basic Materials (-0.10%).
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 $60.98/barrel and $58.20/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,836.50 per ounce, up by 0.13% against the prior day closing.
Currency Rates*: GBP to USD: 1.3795; EUR to GBP: 0.8775.
Bond Yields*: US 10-Year Treasury yield: 1.148%; UK 10-Year Government Bond yield: 0.463%.
*At the time of writing
