How The Global Markets Fared In Wednesday’s Trading Session?

4 min read | February 05, 2020 11:10 PM GMT | By Team Kalkine Media

lobal Markets: Broader indexes in the United States traded in green, with the S&P 500 index traded 28.72 points or 0.87% higher at 3,326.31, Dow Jones Industrial Average Index expanded by 299.29 points or 1.04% higher at 29,106.92, and the technology benchmark index Nasdaq Composite traded higher at 9,523.94, up by 55.96 points or 0.59% against its previous day close (at the time of writing, before the U.S market close at ET 10:15 AM).

Global News: Stocks at Wall Street rallied for the third consecutive trading session on Wednesday after encouraging US economic data was released. However, Nasdaq was off from its record high, post losses registered in Tesla’s stock. In earning news for the day, Ford Motor Co. released weaker than expected 2020 forecast, as a result of which its shares got hammered and plunged by around 9.4 per cent. Cosmetics and fragrance maker, Coty Inc. shares accelerated by 12.7 per cent, after the group reported quarterly profit above expectations.

S&P 500 (SPX)

Top Performers*: Coty Inc, Microchip Technology Inc, and Cerner Corp are top gainers and increased by 12.69%, 7.91% and 5.12% respectively.

Worst Performers*: Ford Motor Co, Seagate Technology Plc, and Merck & Co Inc are the top three laggards and decreased by 9.91%, 4.85% and 4.49% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Moleculin Biotech Inc, Vivus Inc, and Cemtrex Inc are top gainers and increased by 32.95%, 30.00% and 24.62% respectively.

Worst Performers*: PC Connection Inc, Nano Dimension Ltd, and Lmp Automotive Holdings Inc are the top three laggards and decreased by 19.56%, 19.37% and 18.37% respectively.

Top Performing Sectors*: Energy (up 2.10%), Technology (up 1.37%) and Healthcare (up 1.23%).

Worst Performing Sectors*: Utilities (down 0.28%) and Telecommunications Services (down 0.04%).

Dow Jones Industrial Average (DJI)

Top Performers*: UnitedHealth Group Inc, Dow Inc, and Intel Corp are top gainers and increased by 2.66%, 2.04% and 1.91% respectively.

Worst Performers*: Merck & Co Inc, Nike Inc, and Walmart Inc are top laggards and decreased by 4.48%, 0.62% and 0.08% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 42.66 points or 0.57% higher at 7,482.48, the FTSE 250 index snapped 80.07 points or 0.37% higher at 21,520.00, and the FTSE All-Share Index ended 22.27 points or 0.54% higher at 4,159.03 respectively. Another European equity benchmark index STOXX 600 ended, up by 5.15 points or 1.23 per cent, at 423.62.

European News: Â In economic news, the monthly Purchasing Managers Index data published by IHS Markit /CIPS for the British economy for the month of January 2020 has revealed that the country has registered a strong rebound in the first month of the year and extended upon the gains made during the second half of December 2019. The index which is based on the responses of nearly 400 purchasing managers in the country regarding new order intake procurement decisions taken by them is seen as a leading indicator of how business activity might shape up in the country in short to mid-term period. There have been a host of economic indicators which have started to trend positively since the 12 December 2019 general election results have announced.

London Stock Exchange (LSE)

Top LSE Companies in the Gainers list*: MCCOLL'S RETAIL GROUP PLC (MCLS), REACH PLC (RCH) and SMURFIT KAPPA GROUP PLC (SKG) zoomed up by 7.88%, 6.22% and 5.96% respectively.

Top LSE Companies in the Laggards list*: FUTURE PLC (FUTR), IMPERIAL BRANDS PLC (IMB) and PORVAIR PLC (PRV) were in the red zone and declined by 7.55%, 7.38% and 5.20% respectively.

FTSE 100 Index

 FTSE-100 index 5-day performance – February 5th, 2020 (Source: Thomson Reuters)

Top FTSE 100 Companies in the Gainers list*: SMURFIT KAPPA GROUP PLC (SKG), SMITH (DS) PLC (SMDS), and INTL CONSOLIDATED AIRLINES GROUP SA (IAG) accelerated by 5.89%, 5.48% and 4.98% respectively.

Top FTSE 100 Companies in the Stragglers list*: IMPERIAL BRANDS PLC (IMB), BT GROUP PLC (BT.A), NMC HEALTH PLC (NMC), went down by 7.42%, 2.40% and 2.33% respectively.

Top FTSE 100 Companies in high Volume zone*: LLOYDS GRP. (LLOY), VODAFONE GRP. (VOD) and BT GROUP PLC (BT.A).

Sectors in the positive zone*: Basic Materials (up 2.14%), Energy (up 1.98%), and Technology (up 1.65%).

Sector in the negative zone*: Telecommunications Services (down 1.63%), Consumer Non-Cyclicals (down 0.30%), and Healthcare (0.14%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2992 and 0.8466, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.654%, and the UK 10-Year Government Bond yield was trading at 0.605%, respectively.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next