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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 17.44 points or 0.45 per cent lower at 3,871.70, Dow Jones Industrial Average Index dipped by 123.22 points or 0.38 per cent lower at 32,296.84, and the technology benchmark index Nasdaq Composite traded lower at 12,855.01, down by 106.88 points or 0.82 per cent against the previous day close (at the time of writing - 11:30 AM ET).
US Market News: The major indices of Wall Street traded in a red zone amid tumbling oil prices. Among the gaining stocks, RH shares jumped by about 3.61% after the Company had posted encouraging fourth-quarter results. Darden Restaurants shares went up by approximately 2.42% after the Company had recorded better quarterly earnings than the estimates. Among the declining stocks, Rite Aid Corp shares went down by around 24.21% after the drug store chain had cut its FY21 financial guidance. KB Home shares dropped by around 1.71% after the homebuilding Company had reported disappointing first-quarter revenue.
US Stocks Performance*
UK Market News: The London markets traded in a red zone reflecting weak investor sentiments ahead of the European Union vaccine summit. FTSE 100 traded lower by around 1.18% due to the weak performance of energy and mining stocks as rising Covid-19 cases across Europe had fuelled concerns regarding the economic recovery.
FTSE 100 listed Intertek Group remained the best performer on the index after JP Morgan said that Intertek was preferred in the testing, inspection and certification space. Meanwhile, the shares jumped by around 3.11%.
Catering Group Compass Group shares dropped by approximately 1.36% after the Company said that volume remained subdued during the second quarter of FY21. However, the Company had shown improvement in profitability during the period.
Movie House Chain Cineworld Group had reported heavy full-year losses due to the impact of closures because of the Covid-19 pandemic, and it also warned that any further tightening of restriction would lead to raising extra cash. Furthermore, the shares plunged by around 8.13%.
Online Trading platform CMC Markets shares went up by approximately 4.48% after the Company had lifted full-year guidance driven by strong trading performance during the fourth quarter.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 25 March 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Barclays Plc (BARC); Vodafone Group Plc (VOD).
Top 2 Sectors traded in green*: Utilities (+0.91%) and Healthcare (+0.20%).
Top 3 Sectors traded in red*: Energy (-3.07%), Real Estate (-2.04%) and Basic Materials (-1.84%).
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 $61.75/barrel and $58.36/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,727.20 per ounce, down by 0.35% against the prior day closing.
Currency Rates*: GBP to USD: 1.3741; EUR to GBP: 0.8571.
Bond Yields*: US 10-Year Treasury yield: 1.624%; UK 10-Year Government Bond yield: 0.729%.
*At the time of writing
