Dignity Surged by 35.52% at Close of Trade

  • Jul 29, 2020 BST
  • Team Kalkine
Dignity Surged by 35.52% at Close of Trade

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 37.76 points or 1.17 per cent higher at 3,256.20, Dow Jones Industrial Average Index expanded by 138.76 points or 0.53 per cent higher at 26,518.04, and the technology benchmark index Nasdaq Composite traded higher at 10,547.58, up by 145.49 points or 1.40 per cent against the previous day close (at the time of writing, before the US market close at 2:35 PM ET).

US Market News: The Wall Street advanced after the key market indices opened in green. The contracts for the pending home sales in the US increased by 16.6 percent month on month in June 2020, and it was up by 6.3 percent year on year. Among the gaining stocks, Kodak shares surged by close to 308.0 percent after the company received orders for generic drugs from the US government under the Defense Production Act. Advanced Micro Devices shares were up by about 12.5 percent after the company highlighted improved full-year revenue forecast. Similarly, Starbucks was up by close to 3.8 percent after the company raised the earnings outlook for the fourth quarter. Among the decliners, Boeing's shares were down by close to 2.7 percent after the company stated plans to cut aircraft production. Spotify was down by about 2.6 percent after the company reported lower than expected quarterly revenue.

US Stocks Performance (at the time of writing)

European News: London and the European market opened in green. The Bank of England reported that the UK lenders approved 40,010 loans in June to buy homes. In May 2020, only 9,273 loans were approved. Among the gaining stocks, Aston Martin Lagonda surged by about 12.9 percent although the company reported 64 percent year on year revenue decline for six months ended 30 June 2020. Next shares increased by about 7.6 percent after the company restored its full-year financial guidance to £195 million in pretax profit. Among the decliners, Taylor Wimpey's shares slide by close to 8.0 percent after the company outlined completion of the fewer home in 2020. Barclays was down by close to 6.1 percent after the company reported lower profit and set out £1.6 billion to deal with the coronavirus impact on the business. GSK was down by about 3.1 percent after the company missed the earnings estimate. Smith & Nephew was down by around 0.6 percent after the company reported a pretax loss of USD 34 million for six months ended June 2020.

European Indices Performance (at the time of writing) 

FTSE 100 Index Chart

1 Year FTSE 100 Index Performance (29 July 2020), before the market closed (Source: Refinitiv, Thomson Reuters)


Sectors traded in the positive zone*: Telecommunications Services (+1.71%), Consumer Non-Cyclicals (+0.89%) and Technology (+0.63%).

Sectors traded in the negative zone*: Healthcare (-1.83%); Basic Materials (-0.31%), and Energy (-0.26%).

London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $41.27 per barrel and $44.11 per barrel, respectively.

Gold Price*: Gold price was trading at USD 1,961.60 per ounce, up by 0.87% from previous day closing.

Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3004 and 0.9069, respectively.

Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.587 per cent and 0.116 per cent, respectively.


*At the time of writing 


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