Global Markets: Stocks in the United States were zooming in green, with Dow Jones Industrial Average Index bagged 130.67 points or 0.48% to 27,088.73, the S&P 500 index added 17.55 points or 0.58% to 3,040.10 and the technology benchmark index Nasdaq Composite added 83.11 points or 1.01% to 8,326.23, respectively (before the US market closed, at the time of writing 2:30 PM ET).
Global News: On 28th October 2019, Wall Street opened with a fresh run at all-time highs after nearing a conflict resolution on the China Trade dispute. Tiffany & Co stock rose by 33 per cent after LVMH made an offer of $120 per share for the luxury jewellery retailer, which would value the company around US $14.5 billion. AT&T stock jumped 1.5 per cent post its earnings came in marginally higher than expectations. Spotify stock shot up by 8.6 per cent following the earnings of the company were reported to be top of the expectations. Microsoft stock jumped by 2.6 per cent after it defeated Amazon.com in getting a US $10 billion cloud computing contract from the Pentagon. Walgreens Boots Alliance stock was up marginally by 0.5 per cent following the company beating on its bottom- and top-line expectations. HSBC stock was down by 4 per cent after the bank cut its 2020 profit target and its earnings came in below the expectations.
S&P 500 (SPX)
Top Performers: Tiffany & Co., AT&T Inc., and Illumina Inc. are top gainers and increased by 30.38%, 5.04% and 4.01% respectively.
Worst Performers: Prologis Inc., Loews Corp., and Chipotle Mexican Grill Inc. are the top three laggards and decreased by 4.25%, 3.39% and 2.31% respectively.
NASDAQ Composite (IXIC)
Top Performers: Iveric Bio Inc, Datasea Inc., and Xunlei Ltd. are top gainers and increased by 84.95%, 33.93% and 33.51% respectively.
Worst Performers: Agile Therapeutics Inc., Guardion Health Sciences Inc., and On Track Innovations Ltd. are the top three laggards and decreased by 52.65%, 32.40% and 20.57% respectively.
Top Performing Sectors: Technology (up 1.15%), Energy (up 0.95%) and Healthcare (up 0.86%).
Worst Performing Sector: Utilities (down 0.54%).
Dow Jones Industrial Average (DJI)
Top Performers: Microsoft Corp., Goldman Sachs Group Inc., and Merck & Co Inc. are top gainers and increased by 2.25%, 1.46% and 1.15% respectively.
Worst Performers: Mcdonald’s Corp., Coca-Cola Co. and Caterpillar Inc. are the top three laggards and decreased by 1.00%, 0.32%, and 0.31% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 6.81 points or 0.09% higher at 7,331.28, the FTSE 250 index snapped 106.65 points or 0.53% higher at 20,210.16, and the FTSE All-Share Index ended 6.54 points or 0.16% higher at 4,036.64 respectively. Another European equity benchmark index STOXX 600 ended at 398.99, up by 0.98 points or 0.25 per cent.
European News: After the British Prime Minister Boris Johnson pushed the lawmakers for an early election, the European Union on Monday agreed on a 3-month flexible delay for the departure of the country from the bloc, with the possibility of an earlier departure if the UK parliament ratifies their separation deal. Britain would be formally required to reply to its offer of a 3-month delay, which was agreed upon after stiff opposition by the French President Emmanuel Macron, with the third delay coming with conditions, including a refusal to renegotiate the divorce agreement. The Confederation of British Industry said on Monday its monthly index of reported sales rose from -16 in September to -10, indicating that retailers reported that their sales fell at the gentlest pace in six months in October, but the highest level of stocks were reported since 1983.
London Stock Exchange
Top Performers*: TT ELECTRONICS PLC (TTG), SIRIUS MINERALS PLC (SXX) and DEVRO PLC (DVO) are top gainers and increased by 4.21%, 3.96% and 3.73% respectively.
Worst Performers*: CAIRN ENERGY PLC (CNE), AMIGO HOLDINGS PLC (AMGO) and ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) are the top three laggards and decreased by 9.47%, 7.43% and 7.41% respectively.
FTSE 100 Index
Five days Price Performance (October-28-2019), before the market closed; Source: Thomson Reuters
Top Gainers*: ANTOFAGASTA PLC (ANTO), LONDON STOCK EXCHANGE GROUP PLC (LSE) and 3I GROUP PLC (III) are top gainers at the FTSE 100 index and climbed by 2.41%, 1.97% and 1.91% respectively.
Top Laggards*: HSBC HLDGS PLC (HSBA), INFORMA PLC (INF) and IMPERIAL BRANDS PLC (IMB) are top three laggards in today’s session and reduced by 4.15%, 2.46% and 2.17% respectively.
Volume Leaders*: (LLOY) LLOYDS BANKING GROUP PLC; (HSBA) HSBC HLDGS PLC; (GLEN) GLENCORE PLC.
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2858 and 0.8631, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.851%, and the UK 10-Year Government Bond yield was trading at 0.717%, respectively.
*At the time of writing
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