US Markets: Broader indexes in the United States were trading in red, with the S&P 500 index traded 2.32 points or 0.07% lower at 3,221.69, Dow Jones Industrial Average Index contracted by 28.02 points or 0.10% and quoting at 28,523.51 and the technology benchmark index Nasdaq Composite traded lower at 8,944.25 and was down by 1.39 points or 0.02% against its previous day close (at the time of writing, before the U.S market close at ET 10:20 AM).
US News: On 24th December 2019, Wall Street edged to a record high for the second time in two weeks as the investors prepared for the Holiday season to kick off. A large number of markets around the world were either closed or closed early as the Christmas eve was on the cards. U.S. Index futures were little changed this morning, even though Boeing stock, which has plunged on the previous day, took the Dow Jones to a new high in today’s trading session after announcing a major change in the top management of the company. Boeing’s Surge was also followed by a boost in General Electric as its stock was up by 2.91 per cent.
S&P 500 (SPX)
Top Performers*: Advanced Micro Devices Inc, Freeport McMoRan Inc and GAP Inc are top gainers and increased by 1.67%, 1.40% and 1.30% respectively.
Worst Performers*: United Parcel Service Inc, Eli Lily and Co, and Johnson and Johnson are the top three laggards and decreased by 1.11%, 0.69% and 0.69% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Soleno Therapeutics Inc, Cassava Sciences Inc, and Integrated Media Technology Inc are top gainers and increased by 22.12%, 21.17% and 20.91% respectively.
Worst Performers*: Discovery Inc, China Finance Online Co and IMAC Holdings Inc are the top three laggards and decreased by 14.43%, 13.73% and 11.76% respectively.
Top Performing Sectors*: Basic Materials (up 0.32%), Consumer Non-cyclicals (up 0.15%), and Industrials (up 0.04%).
Worst Performing Sectors*: Energy (down 0.57%), Telecommunication services (down 0.06%) and Financials (down 0.05%).
Dow Jones Industrial Average (DJI)
Top Performers*: Intel Corp, Walt Disney Co, and Home Depot Inc are top gainers and increased by 0.30%, 0.26% and 0.22% respectively.
Worst Performers*: Johnson & Johnson, Merck and Co Inc and American Express Co are the top three laggards and decreased by 0.92%, 0.56% and 0.28% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 8.65 points or 0.11% higher at 7,632.24, the FTSE 250 index snapped 137.74 points or 0.63% higher at 21,981.09, and the FTSE All-Share Index ended 8.77 points or 0.21% higher at 4,239.28 respectively. Another European equity benchmark index STOXX 600 ended at 418.88, up by 0.61 points or 0.15 per cent.
European News: In economic news, the unemployment rate in the United Kingdom has reached record highs and has reached a quarterly decline figure not seen in a long time. The number of jobs available across the country also fell by 53,000 in the three month ending period to October 2019, the drop being the sharpest since 2009. The average wage rates however remained below the peaks reached in 2008. In business news, as per data shared by tracking firm Springboard, online sales in the United Kingdom has already closed the figure of £ 1 Billion across all retailors in the country who have online portals. The figures have bettered the Black Friday rush, after which it was believed that the Christmas season will be weakened. However, physical sales across have seen an 8 per cent drop this season.
London Stock Exchange
Best Performers: AO WORLD PLC (AO), AVON RUBBER PLC (AVON) and TED BAKER PLC (TED) were on the bright spot for the day and up by 8.41%, 7.50% and 7.04% respectively.
Worst Performers: ELECTRA PRIVATE EQUITY PLC (ELTA), GOODWIN PLC (GDWN) and CONTOURGLOBAL PLC (GLO) are the top three laggards of the day and down by 8.20%, 4.43% and 4.29% respectively.
FTSE 100 Index
5-days Price Performance Chart of FTSE-100 Index (as on December-24-2019), after the market closed. (Source: Thomson Reuters)
Performers: LLOYDS BANKING GROUP PLC (LLOY), BUNZL PLC (BNZL), and CRODA INTERNATIONAL PLC (CRDA) are the top three gainers in today’s session and up by 1.96%, 1.65% and 1.59% respectively.
Laggards: BT GROUP PLC (BT.A), ROLLS-ROYCE HOLDINGS PLC (RR.), and UNILEVER PLC (ULVR) are top laggards at the FTSE 100 index and down by 2.99%, 0.91% and 0.89% respectively.
Volume Gainers: LLOYDS BANKING GROUP PLC (LLOY), BARCLAYS PLC (BARC), and BT GROUP PLC (BT.A).
Best Performing Sectors: Consumer Cyclicals (up 0.67%), Energy (up 0.44%) and Financials (up 0.38%).
Worst Performing Sectors: Telecommunications Services (down 1.00%), Consumer Cyclicals (down 0.42%), and Utilities (down 0.28%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2968 and 0.8554, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.914%, and the UK 10-Year Government Bond yield was trading at 0.770%, respectively.
*At the time of writing
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