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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.07 points or 0.29 per cent higher at 4,200.19, Dow Jones Industrial Average Index surged by 73.91 points or 0.22 per cent higher at 34,386.37, and the technology benchmark index Nasdaq Composite traded higher at 13,743.19, up by 86.02 points or 0.63 per cent against the previous day close (at the time of writing - 12:20 PM ET).
US Market News: The major indices of Wall Street traded in a green zone after Federal officials calmed down the inflation worries. Among the gaining stocks, Dick’s Sporting Goods (DKS) shares went up by around 15.95% after the Company had earned USD 3.41 per share for the first quarter. Urban Outfitters (URBN) shares grew by about 14.86% after the quarterly profit came out to be more than triple of the consensus estimate. Agilent Technologies (A) shares jumped by about 1.61% after the Company had raised its full-year forecast after witnessing better-than-expected performance for the latest quarter. Among the declining stocks, Nordstrom (JWN) shares plunged by about 6.96% after the Company had made a wider loss than the consensus estimate for the first quarter.
UK Market News: The London markets traded on a mixed note as investors digested the latest comments from the Federal Reserve.
Marks & Spencer shares climbed by around 10.16%, even after the Company had made annual pre-tax losses of around 209.4 million pounds, while it had made significant profits for the prior year. Moreover, the Company would close 30 stores after reporting significant losses for the period.
FTSE 250 listed Vectura Group had agreed upon the takeover offer worth around 958 million pounds from the Carlyle Group. Furthermore, the shares surged by approximately 32.21%.
Spire Healthcare Group shares grew by around 26.17% after the Company had received the cash offer from Ramsay Health Care (UK) Limited worth 999.6 million pounds on a fully diluted basis.
IT Service provider Softcat shares jumped by about 5.21% after the Company had upgraded the annual earnings guidance after delivering double-digit revenue growth for the third quarter.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 26 May 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); Barclays Plc (BARC).
Top 3 Sectors traded in green*: Utilities (+0.63%), Consumer Cyclicals (+0.62%) and Technology (+0.38%).
Top 3 Sectors traded in red*: Financials (-1.35%), Industrials (-0.61%) and Healthcare (-0.46%).
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 $68.78/barrel and $66.26/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,892.95 per ounce, down by 0.27% against the prior day closing.
Currency Rates*: GBP to USD: 1.4121; EUR to GBP: 0.8632.
Bond Yields*: US 10-Year Treasury yield: 1.579%; UK 10-Year Government Bond yield: 0.7480%.
*At the time of writing
