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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 11.96 points or 0.32 per cent lower at 3,680.00, Dow Jones Industrial Average Index declined by 47.37 points or 0.16 per cent lower at 30,022.42, and the technology benchmark index Nasdaq Composite traded lower at 12,457.35, down by 62.60 points or 0.50 per cent against the previous day close (at the time of writing, before the US market close at 10:45 AM ET).
US Market News: The key indices of Wall Street traded in the red as the lockdown news weighs down on the market. The non-farm productivity in the US increased by 4.3% quarter on quarter in Q3 20, but it was below the expected increase of 4.9%. Among the gaining stocks, shares of Stitch Fix skyrocketed around 43.9% after the company reported a quarterly profit of 9 cents per share. Palantir gained by around 0.1% after it won a $44 million contract. Among the decliners, Thor Industries slid by about 5.4% after it reported quarterly earnings of $2.05 per share. Shares of AutoZone declined by close to 4.7% after it reported a quarterly profit of USD 18.61 per share. Tesla was down by around 2.2% after the company reported that it plans to sell $5 billion in stock at the market price.
US Stocks Performance*
European News: The London and European markets traded in the green after the UK started rolling out the covid-19 vaccine shots. As the deadline comes close, the UK’s prime minister Boris Johnson said he could abandon Brexit trade talks. The UK’s supermarket sales increased by 10% year on year in November 2020. Record grocery sales were reported at £10.90 billion in the month of November. Among the gaining stocks, DS Smith was gained around 3.8% and led the FTSE-100 gain. Ashtead moved up by approximately 2.2%, although it reported a decline in rental revenue. Londonmetric Property was up by around 0.8% after it agreed on 120,000 sq ft urban logistics pre-let. Ferguson rose by about 0.3% after it reported a 3.1% increase in Q1 FY21 revenue. Among the decliners, shares of ULS Technology plunged by nearly 10.1% after it reported a 31% decline in the revenue to £10.06 million. Kaz Minerals slipped by about 0.2% after the company announced the guidance update.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 8 December 2020)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); Rolls-Royce Holdings Plc (RR.).
Top 3 Sectors traded in green*: Utilities (+1.40%), Industrials (+0.58%) and Real Estate (+0.31%).
Top 3 Sectors traded in red*: Energy (-1.19%), Healthcare (-1.06%) and Technology (-0.82%).
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 $48.87/barrel and $45.73/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,875.55 per ounce, up by 0.51% against the prior day closing.
Currency Rates*: GBP to USD: 1.3367; EUR to GBP: 0.9062.
Bond Yields*: US 10-Year Treasury yield: 0.911%; UK 10-Year Government Bond yield: 0.252%.
*At the time of writing
