Global Markets*: Stocks in the United States were hovering in red on the September 26, 2019, market session (at 03:55 PM GMT), with the Dow Jones Industrial Average Index sank 48.78 points or 0.30% to 26,890.75, the broader S&P 500 index slumped 12.68 points or 0.42% to 2,973.66 and the technology benchmark index Nasdaq Composite fell by 48.11 points or 0.60% to 8,029.43, respectively.
Global News: On September 26, 2019, in the midst of President Trump’s impeachment hearing, US Stocks fell steeply. Banking stocks were down, with Bank of America dropped 0.3 per cent, while JP Morgan plunged 0.3 per cent as well. Amazon.com slumped 1.2 per cent, while Facebook showed a downfall of 1.7 per cent. Sonim technologies Inc. was up 14.92 per cent to US$3.2868, in comparison with the previous day’s closing price at US$2.86 per share. In the red, it was a pharma stock that opened as a top loser in the market. Enanta Pharmaceuticals Inc. opened at a fall of 16.5 per cent from yesterday’s closing price of US$71.28 at US$59.52. Beyond Meat jumped 11 per cent after McDonald’s reported that it would be doing quality testing of the vegan burger at some of its Canadian stores.
NASDAQ Composite (IXIC)*
Top Performers: Marinus Pharmaceuticals Inc, Vaxart Inc and SAExploration Holdings Inc are top gainers and increased by 34.31%, 21.31% and 19.89% respectively.
Worst Performers: Tuniu Corp, Enanta Pharmaceuticals Inc and BioXcel Therapeutics Inc are the top three laggards and decreased by 16.41%, 15.63% and 15.09% respectively.
Top Performing Sectors: Telecommunication services (up 0.47%), Utilities (up 0.42%) and Consumers Non-Cyclicals (up 0.38%).
Worst Performing Sectors: Financials (down 0.13%), Industrials (down 0.16%) and Basic Materials (down 0.50%).
S&P 500 (SPX)*
Top Performers: Whirlpool Corp, Abbvie Inc and Hologic Inc are top gainers and increased by 3.95%, 2.51% and 2.46% respectively.
Worst Performers: Carnival Corp, Nektar Therapeutics and DXC Technology Co are the top three laggards and decreased by 8.86%, 5% and 4.52% respectively.
Dow Jones Industrial Average (DJI)*
Top Performers: Nike Inc, Proctor & Gamble Co and McDonald’s Corp are top gainers and increased by 1.22%, 1% and 0.83% respectively.
Worst Performers: Cisco Systems Inc, Dow Inc and United Health Group Inc are the top three laggards and decreased by 1.82%, 1.26% and 1.19% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 61.09 points or 0.84% higher at 7,351.08, the FTSE 250 index snapped 43.69 points or 0.22% higher at 19,818.61, and the FTSE All-Share Index ended 27.96 points or 0.70% higher at 4,031.56 respectively. Another European equity benchmark index STOXX 600 ended at 389.95, up by 2.36 points or 0.61 per cent.
European News: Prime Minister Boris Johnson was criticised by opposition lawmakers and some in his party for using the term surrender act to describe the law passed by the parliament which forces him to ask for a Brexit delay if he fails to secure an agreement to leave the European Union. Lawmakers said that it could incite violence against those working in parliament, further deepening the divide between the various sections of parliament. After twice postponing the original March deadline, the European Union is expecting another delay to the departure, which could last until mid-2020. Due to a combination of domestic political uncertainty and global economic risks, British consumer sentiment fell to a six-year low, Market research company YouGov reported in its monthly consumer sentiment indicator. Even as blue-chip components sounded profit warnings, the prospect of US-China trade deal after comments by the Chinese officials helped the FTSE 100 index to surge by more than 1 per cent.
London Stock Exchange*
Top Performers: GOCO GROUP PLC (GOCO), ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) and INTU PROPERTIES PLC (INTU) are top gainers and increased by 6.87%, 5.99% and 5.15% respectively.
Worst Performers: PEARSON PLC (PSON), IMPERIAL BRANDS PLC (IMB) and SSP GROUP PLC (SSPG) are the top three laggards and decreased by 14.08%, 10.83% and 9.13% respectively.
FTSE 100 Index*
(Source: Thomson Reuters) Price Performance in Last Five days (September-26-2019), before the market closed
Top Gainers: AVEVA GROUP PLC (AVV), NEXT PLC (NXT) and 3I GROUP PLC (III) are top gainers and increased by 4.83%, 3.83% and 3.51% respectively.
Top Laggards: PEARSON PLC (PSON), IMPERIAL BRANDS PLC (IMB) and CARNIVAL PLC (CCL) are top losers and decreased by 14.31%, 10.91% and 6.05% respectively.
Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (BARC) BARCLAYS PLC.
Top Performing Sectors: Technology (up 2.08%), Utilities (up 2.33%), and Healthcare (up 2.12%).
Currency Exchange Rates*: GBP/USD and EUR/GBP were quoting at 1.2333 and 0.8869.
US and UK 10-Year Bond Yields*: The US 10-year and the UK 10-year Bond yields were quoting at 1.685% and 0.522% respectively.
*At the time of writing.
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