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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 17.87 points or 0.57 per cent lower at 3,105.00, Dow Jones Industrial Average Index contracted by 97.20 points or 0.37 per cent lower at 26,172.69, and the technology benchmark index Nasdaq Composite traded lower at 9,613.73, down by 69.18 points or 0.71 per cent against its previous day close (at the time of writing, before the U.S market close at 1:00 PM ET).
US News: Wall Street consolidated and thus, opened lower today as jobless claims ticked up 1.877 million last week. Meanwhile, the labor department stated that the US productivity fell at 0.9 per cent in first quarter of 2020, which is smaller than the initial estimate of 2.5 per cent. Among the gaining stocks, American Airlines Group surged over 9.6 per cent post unveiling plans to boost its flight schedule from next month. Similarly, United Airlines and Delta Airlines jumped 2.5 per cent and 3.4 per cent, respectively, after getting approval to half flights to 11 airports. Also, eBay gained 6.7 per cent post lifting earnings guidance for the second quarter. Among the decliner, Bank of America shed around 0.4 per cent after paying USD 7.23 million to mutual fund customer for overcharging. Likewise, Gap dipped over 0.4 per cent after getting warning for suspending rental payments.
S&P 500 (SPX)
Top Performers*: American Airlines Group Inc (AAL), Coty Inc (COTY), and eBay Inc (EBAY) shares increased by 10.89 per cent, 7.16 per cent and 7.13 per cent, respectively.
Non Performers*: Occidental Petroleum Corp (OXY), Essex Property Trust Inc (ESS) and TechnipFMC Plc (FTI) shares decreased by 3.50 per cent, 3.28 per cent and 3.11 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Cinedigm Corp (CIDM), Titan Medical Inc (TMDI) and Dolphin Entertainment Inc (DLPN) shares expanded by 283.21 per cent, 134.89 per cent and 107.98 per cent, respectively.
Worst Performers*: Summit Wireless Technologies Inc (WISA), Liquid Media Group Ltd (YVR) and Naked Brand Group Ltd (NAKD) shares plunged by 21.60 per cent, 21.28 per cent and 19.99 per cent, respectively.
Top Performing Sectors*: Consumer Cyclicals (+0.54 per cent), Consumer Non-Cyclicals (+0.38 per cent), and Basic Materials (+0.36 per cent).
Top Worst Sectors*: Utilities (-0.61 per cent), Financials (-0.26 per cent), and Energy (-0.25 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Boeing Co (BA.), Intel Corp (INTC) and Coca-Cola Co (KO) shares climbed by around 4.53 per cent, 0.94 per cent and 0.58 per cent, respectively.
Worst Performers*: Exxon Mobil Corp (XOM), Walgreens Boots Alliance Inc (WBA) and Chevron Corp (CVX) shares plunged by 1.60 per cent, 1.49 per cent and 1.46 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 40.97 points or 0.64 per cent lower at 6,341.44, the FTSE 250 index snapped at 71.12 points or 0.40 per cent lower at 17,825.96, and the FTSE All-Share Index ended 21.76 points or 0.62 per cent lower at 3,509.99, respectively. Another European index STOXX 600 ended down by 2.67 points or 0.72 per cent, at 366.25. Among other major European indices, DAX index closed the session at 12,430.56, down by 56.80 points or 0.45 per cent; CAC 40 index decreased by 10.40 points or 0.21 per cent and ended the trading session at 5,011.98.
European News: London and European markets retreated today after topping three-months yesterday as miners confronted a fall in commodity prices. Meanwhile, the European Central Bank extended emergency stimulus by EUR 600 billion. On the other hand, the UK Construction PMI surged from 8.2 in April to 28.9 in May, as per the IHS Markit. Also, the British car sales edged up higher as 20,000 new cars were registered in May (compared to April 2020), albeit it is merely a fraction of the 183,724 sold in May last year. Among the gaining stocks, Lookers surged around 11.8 per cent post unveiling plans to axe 1,500 jobs and shut 12 showrooms to cut cost. Phoenix Group gained over 0.1 per cent after publishing its medium term note programme. Among the decliners, Standard Life Aberdeen dipper around 2.5 per cent post selling stake in HDFC Life. Pennon Group dropped around 2.2 after reporting full-year results. Aston Martin dipped around 2.7 per cent post announcing plan to shed 500 jobs. Carnival shed about 2.7 per cent due to extended pause of Global Ship Operations.
London Stock Exchange
Top Three Performers*: CYANCONNODE HOLDINGS PLC (CYAN), PETRO MATAD LIMITED (MATD) and WEBIS HOLDINGS PLC (WEB) accelerated significantly by 54.55 per cent, 34.43 per cent and 32.14 per cent, respectively.
Worst Performers*: STRATEGIC MINERALS PLC (SML), ARGOS RESOURCES LIMITED (ARG) and PRESIDENT ENERGY PLC (PPC) plunged by 24.00 per cent, 23.98 per cent and 22.92 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (June-04-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: FRESNILLO PLC (LON:FRES), EASYJET (LON:EZJ) & BERKELEY GROUP HOLDINGS (LON:BKG) expanded by 3.27 per cent, 3.24 per cent and 1.35 per cent, respectively.
Non Performers*: INTERMEDIATE CAPITAL GROUP (LON:ICP), WHITBREAD PLC (LON:WTB) and MELROSE INDUSTRIES PLC (LON:MRO) traded in red zone and decreased by 6.35 per cent, 4.56 per cent and 4.42 per cent, respectively.
Active Three Stocks (traded with high volume)*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (IAG) INTERNATIONAL CONSOLIDATED AIRLINES GROUP S.A.
Top Sector traded in the positive zone*: Healthcare (+0.45 per cent).
Top Sectors traded in the negative zone*: Consumer Cyclicals (-1.38 per cent), Utilities (-1.29 per cent) and Financials (-1.06 per cent).
Crude Oil Prices*: WTI crude oil (future) price was tilting at $37.30 per barrel, and Brent future crude oil (future) price was nudging at $39.89 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2604 and 0.8992, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.814 per cent, and the UK 10-Year Government Bond yield was hovering at 0.311 per cent, respectively.
*At the time of writing
