FTSE-250 Index Inched Higher by 0.60%, Reach Shares Surged by 23.83%

3 min read | October 22, 2020 10:01 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 5.16 points or 0.15 per cent lower at 3,430.40, Dow Jones Industrial Average Index contracted by 44.84 points or 0.16 per cent lower at 28,165.98, and the technology benchmark index Nasdaq Composite traded lower at 11,438.84, down by 45.85 points or 0.40 per cent against the previous day close (at the time of writing, before the US market close at 11:56 AM ET). 

US Market News: The US market traded in the red, although the jobless claims number declined. The jobless claims in the US were 787,000 for the week ended 17 October 2020 that was below 860,000 expected. The existing home sales in the US increased by 9.4% month on month in September 2020, the expert’s forecast was 5.0%. Among the upward trending stocks, Southwest Airlines nudged up by 5.0% after it announced a quarterly loss of USD 1.99 per share that was below the market’s consensus. Coca-Cola was up by around 2.2% after it posted quarterly earnings of 55 USD cents per share. American Airlines rose by nearly 1.6% after it expects a lower cash burn and reported a loss lower than expected. Among the decliners, PulteGroup declined by about 5.2% as it reported a quarterly profit of USD 1.34 per share. Shares of Dow were down by around 2.1%, although the company reported earnings better than the estimates.

 

US Stocks Performance*

European News: The London and European markets traded in the red as the UK expand the covid-19 restrictions. The leading indicator of business conditions CBI Industrial Trends Orders was reported at -35 in October that was better than the expected number of -45. Meanwhile, the UK government also started rapid covid-19 tests in schools. Among the gaining stocks, Hargreaves Lansdown gained the most on the FTSE-100, and it was up by around 4.2%. IAG was up by around 3.0%, although the company reported revenue of €1.2 billion in Q3, which was lower than the last year. Shares of Polymetal rose by close to 0.9% after the company reported an increase in Q3 20 revenue. Among the decliners, shares of Shaftesbury plunged by close to 14.3% after it announced its intention to raise money through a new share issue. Moneysupermarket.com was down by around 9.8% after the company reported a 16% decline in growth in Q3.

 European Indices Performance (at the time of writing)

FTSE 100 Index One Year Performance (as on 22 October 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); BP Plc (BP.).

Top 3 Sectors traded in green*: Financials (+0.81%), Technology (+0.71%), and Utilities (+0.16%).

Top 3 Sectors traded in red*: Basic Materials (-0.69%), Industrials (-0.66%), and Healthcare (-0.33%).

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 $42.36/barrel and $40.56/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,905.95 per ounce, down by 1.22% against the prior day closing.

Currency Rates*: GBP to USD: 1.3083; EUR to GBP: 0.9034.

Bond Yields*: US 10-Year Treasury yield: 0.844%; UK 10-Year Government Bond yield: 0.285%.

 

*At the time of writing


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