US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 22.16 points or 0.78 per cent lower at 2,830.34, Dow Jones Industrial Average Index contracted by 187.77 points or 0.79 per cent lower at 23,437.57, and the technology benchmark index Nasdaq Composite traded lower at 8,871.03, down by 72.69 points or 0.81 per cent against its previous day close (at the time of writing, before the U.S market close at 11:15 AM ET).
US News: In Friday’s trading session, Wall Street tumbled with rising tensions between the US-China relations, while retail sales plunged around 16.4 per cent (as per Census Bureau) in April due to the lockdown scenario. Among the gaining stocks, DraftKings soared over 9 per cent (at the time of writing) as their revenue grew in the first quarter. Similarly, JD.com rose over 1 per cent post reporting an increase in the first-quarter sales. Dillard surged over 10 per cent as their department-store begun to revive. Among the declining stocks, Boeing fell over 1 per cent as US-China trade tensions could impact its backlog of plan orders. Applied Materials dipped over 2 per cent post reporting mixed second-quarter results. Similarly, Abbott Laboratories dropped around 1.4 per cent as US FDA’s (Food and Drug Administration) stated that the Company’s speedy coronavirus test could be inaccurate.
S&P 500 (SPX)
Best Performers*: Darden Restaurants Inc, Paycom Software Inc, and UnitedHealth Group Inc shares edged higher by 3.29 per cent, 3.14 per cent and 3.06 per cent, respectively.
Non Performers*: Lam Research Corp, KLA Corp and Invesco Ltd shares decreased by 5.55 per cent, 4.83 per cent and 4.72 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Bridgeline Digital Inc, Torchlight Energy Resources Inc and Sorrento Therapeutics Inc shares expanded by 87.90 per cent, 81.10 per cent and 65.08 per cent, respectively.
Worst Performers*: Cassava Sciences Inc, Synthesis Energy Systems Inc and Creative Realities Inc shares plunged by 71.64 per cent, 34.48 per cent and 31.86 per cent, respectively.
Top Performing Sectors*: Basic Materials (+1.66 per cent), Consumer Non-Cyclicals (+1.03 per cent), and Healthcare (+0.69 per cent).
Top Worst Sectors*: Utilities (-1.38 per cent), Technology (-0.82 per cent), and Financials (-0.57 per cent).
Dow Jones Industrial Average (DJI)
Best Performers*: UnitedHealth Group Inc, Coca-Cola Co and Home Depot Inc shares leapt up by around 2.83 per cent, 2.17 per cent and 1.39 per cent, respectively.
Worst Performers*: Walgreens Boots Alliance Inc, Intel Corp and Boeing Co shares tumbled by 3.14 per cent, 2.44 per cent and 5.42 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 58.23 points or 1.01 per cent higher at 5,799.77, the FTSE 250 index snapped at 256.18 points or 1.66 per cent higher at 15,660.77, and the FTSE All-Share Index ended 35.37 points or 1.12 per cent higher at 3,188.52, respectively. Also, European index STOXX 600 expanded by 1.53 points or 0.47 per cent at 328.24. Among other major European indices, DAX index closed the session at 10,465.17, up by 128.15 points or 1.24 per cent; CAC 40 index increased by 4.50 points or 0.11 per cent and ended the trading session at 4,277.63.
European News: London and European markets surged as China reported its monthly rise in factory output; albeit the investor sentiments were dampened with prolonged economic downturn due to COVID-19 mayhem. Meanwhile, Germany reported an economic contraction of 2.2 per cent in the first quarter. Among the gaining stocks, BT PLC surged over 8 per cent as it is planning to dispose of a stake in Openreach. Carnival PLC soared around 7 per cent as they reported to slash workforce amid the nosedived demand. EVR Holdings surged around 12 per cent after launching ‘Live from LA’ (a new music series). Among the laggards, WH Smith plunged around 9 per cent after reporting 85 per cent slump in April sales. Keywords Studios fell over 3 per cent after placing the ordinary shares. Likewise, Arc Minerals plummeted around 5 per cent post equity placing and loan conversion.
London Stock Exchange
Top Performers*: LAMPRELL PLC (LAM), RDI REIT P.L.C. (RDI) and REAL ESTATE CREDIT INV. LD (RECI) accelerated significantly by 22.51 per cent, 15.65 per cent and 12.82 per cent, respectively.
Worst Performers*: ARROW GLOBAL GROUP PLC (ARW), SUPERDRY PLC (SDRY) and WH SMITH PLC (SMWH) plunged by 11.78 per cent, 9.83 per cent and 9.72 per cent, respectively.
FTSE 100 Index Performance
FTSE 100 Index Performance in last 3 months (May-15-2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Top Performers*: MEGGITT PLC (MGGT), BT GROUP PLC (BT.A) and ANGLO AMERICAN PLC (AAL) jumped up by 6.30 per cent, 5.97 per cent and 5.25 per cent, respectively.
Non Performers*: NEXT PLC (NXT), FERGUSON PLC (FERG) and 3I GROUP PLC (III) were among the beaten down stocks and traded lower by over 3.59 per cent, 2.30 per cent and 2.13 per cent, respectively.
Volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BT.A) BT GROUP PLC; (VOD) VODAFONE GROUP PLC were among the active stocks with decent volume during the trading session.
Top Sectors traded in the positive zone*: Basic Materials (+4.19 per cent), Telecommunications Services (+3.10 per cent), and Technology (+2.74 per cent).
Crude Oil Prices*: WTI crude oil (future) price was trading at $29.46 per barrel; Brent future crude oil (future) price was hovering at $32.38 per barrel.
Currency Rates*: GBP to USD and EUR to GBP were exchanging at 1.2116 and 0.8922, respectively.
10-Year Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.646 per cent; UK 10-Year Government Bond yield was hovering at 0.231 per cent.
*At the time of writing
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