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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 26.74 points or 0.83 per cent lower at 3,205.65, Dow Jones Industrial Average Index contracted by 283.56 points or 1.03 per cent lower at 27,288.88, and the technology benchmark index Nasdaq Composite traded higher at 9,939.71, up by 14.96 points or 0.15 per cent against its previous day close (at the time of writing, before the U.S market close at 11:55 AM ET).
US News: Wall Street tumbled as investor retreated after a historic rally. Meanwhile, as per the US National Bureau of Economic Research, the economy entered recession in February after an unparalleled decline in production and employment. Among the gaining stocks, Macy's surged around 1.3 per cent post securing new financing of USD 4.5 billion. Tiffany & Co rose over 2.0 per cent after getting a financial leeway. Among the decliners, Exxon Mobil and Chevron shed 3.3 per cent and 1.3 per cent, respectively, after the oil price plunge. Signet Jewelers plummeted about 15.5 per cent after posting wider than anticipated quarterly loss.
S&P 500 (SPX)
Top Performers*: DexCom Inc (DXCM), Advanced Micro Devices Inc (AMD), and Marketaxess Holdings Inc (MKTX) shares increased by 4.18 per cent, 3.61 per cent and 2.96 per cent, respectively.
Non Performers*: Occidental Petroleum Corp (OXY), United Airlines Holdings Inc (UAL) and Alaska Air Group Inc (ALK) shares decreased by 11.72 per cent, 9.63 per cent and 8.90 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Immuron Ltd (IMRN), Sequential Brands Group Inc (SQBG) and IZEA Worldwide Inc (IZEA) shares expanded by 276.36 per cent, 114.50 per cent and 72.22 per cent, respectively.
Worst Performers*: Soleno Therapeutics Inc (SLNO), Extraction Oil & Gas Inc (XOG) and Piedmont Lithium Ltd (PLL) shares plunged by 46.60 per cent, 26.35 per cent and 23.12 per cent, respectively.
Top Performing Sector*: Technology (+0.21 per cent).
Top Worst Sectors*: Energy (+4.19 per cent), Utilities (-2.29 per cent) and Telecommunications Services (-2.20 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Johnson & Johnson (JNJ), Apple Inc (AAPL) and Merck & Co Inc (MRK) shares climbed by around 1.49 per cent, 0.63 per cent and 0.12 per cent, respectively.
Worst Performers*: Boeing Co (BA), Raytheon Technologies Corp (RTX) and International Business Machines Corp (IBM) shares plunged by 5.51 per cent, 4.00 per cent and 3.40 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 136.87 points or 2.12 per cent lower at 6,335.72, the FTSE 250 index snapped at 381.65 points or 2.10 per cent lower at 17,755.25, and the FTSE All-Share Index ended 74.66 points or 2.08 per cent lower at 3,507.71, respectively. Another European index STOXX 600 ended down by 4.58 points or 1.22 per cent, at 369.54. Among other major European indices, DAX index closed the session at 12,617.99, down by 201.60 points or 1.57 per cent; CAC 40 index decreased by 80.41 points or 1.55 per cent and ended the trading session at 5,095.11.
European News: London and European markets plunged for a second straight day today after witnessing a sharp drop in UK retail sales in May again, albeit lesser than April. Meanwhile, the Treasury reported that the total lending under the schemes, BBLS (Bounce Back Loan Scheme) topped GBP 23.8 billion by 7th June 2020; consequently, British businesses have borrowed approximately GBP 35 billion under three credit programmes. Among the gaining stock, the City of London Investment Group PLC gained over 7.8 per cent after proposing a merger with Karpus Management. Among the decliners, British American Tobacco shed over 4.4 per cent due to the demand downturn amid the prolonged lockdown scenario. Also, the fall in crude oil prices due to oversupply led BP and Royal Dutch Shell to fall by 1.8 per cent and 3.4 per cent, respectively. Bellway slid around 1.4 per cent due to slower home sales in April and May.
London Stock Exchange
Top Three Performers*: INTU PROPERTIES PLC (INTU), ASA INTERNATIONAL GROUP PLC (ASAI) and PENDRAGON PLC (PDG) accelerated significantly by 11.12 per cent, 10.00 per cent and 8.06 per cent, respectively.
Worst Performers*: RIVER AND MERCANTILE GROUP PLC (RIV), WOOD GROUP (JOHN) PLC (WG.) and WORKSPACE GROUP PLC (WKP) plunged by 10.45 per cent, 9.37 per cent and 9.11 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (June-09-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: AVEVA GROUP PLC (LON:AVV), FRESNILLO PLC (LON:FRES) & OCADO GROUP PLC (LON:OCDO) expanded by 5.30 per cent, 3.81 per cent and 3.20 per cent, respectively.
Non Performers*: ROLLS-ROYCE HOLDINGS PLC (LON: RR.), MEGGITT PLC (LON:MGGT) and LAND SECURITIES GROUP PLC (LON:LAND) traded in red zone and decreased by 8.03 per cent, 8.00 per cent and 7.10 per cent, respectively.
Active Three Stocks (traded with high volume)*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (BARC) BARCLAYS PLC.
Top Sectors traded in the positive zone*: Technology (+0.69 per cent) and Healthcare (+0.64 per cent).
Top Sectors traded in the negative zone*: Energy (-4.38 per cent), Financials (-3.85 per cent) and Consumer Cyclicals (-3.43 per cent).
Crude Oil Prices*: WTI crude oil (future) price was tilting at $38.04 per barrel, and Brent future crude oil (future) price was nudging at $40.46 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2736 and 0.8905, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.825 per cent, and the UK 10-Year Government Bond yield was hovering at 0.339 per cent, respectively.
*At the time of writing
