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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 12.14 points or 0.43 per cent lower at 2,818.57, Dow Jones Industrial Average Index contracted by 222.10 points or 0.94 per cent lower at 23,501.59, and the technology benchmark index Nasdaq Composite traded higher at 8,637.66, up by 32.71 points or 0.38 per cent against its previous day close (at the time of writing, before the U.S market close at 11:20 AM ET).
US News: The Wall Street opened lower with the apprehension over the spat between the US and China and the likelihood of a new tax regime. Moreover, according to the Census Bureau, the US factory orders crashed to USD 51 billion in March, representing a decline of 10.3 per cent. Among the stocks, Tyson Foods plunged over 8 per cent as it expects a further meat plant closure. Meanwhile, shares of major airlines fell as Warren Buffett dumped its stake in them; subsequently, the price of American Airlines, United Airlines, Delta and Southwest Airlines tumbled by around 9 per cent, 8 per cent, 8 per cent and 7 per cent, respectively. Similarly, Denny fell over 8 per cent post reporting a sharp decline in same-store sales. General Electric dipped over 4 per cent as it plans to slash the workforce of its aviation unit. Contrarily, Apple rose around 0.34 per cent post unveiling new MacBook and plans for debt offerings.
S&P 500 (SPX)
Top Performers*: Phillips 66, Apache Corp, and Helmerich and Payne Inc shares increased by 3.54 per cent, 2.93 per cent and 2.80 per cent, respectively.
Non Performers*: Delta Air Lines Inc, American Airlines Group Inc and United Airlines Holdings Inc shares decreased by 10.12 per cent, 9.82 per cent and 9.43 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Stemline Therapeutics Inc, MicroVision Inc and IZEA Worldwide Inc shares expanded by 152.32 per cent, 107 per cent and 59.04 per cent, respectively.
Worst Performers*: Discovery Inc, Aemetis Inc and Xcel Brands Inc shares plunged by 23.90 per cent, 18.82 per cent and 18.13 per cent, respectively.
Top Performing Sectors*: Basic Materials (+0.14 per cent) and Healthcare (+0.11 per cent).
Top Worst Sectors*: Industrials (-1.68 per cent), Financials (-1.48 per cent) and Energy (-0.91 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Microsoft Corp is the top gainer and increased by 0.33 per cent.
Non Performers*: Dow Inc, Boeing Co and Walt Disney Co shares decreased by 5.42 per cent, 4.53 per cent and 3.63 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 9.28 points or 0.16 per cent lower at 5,753.78, the FTSE 250 index snapped at 196.66 points or 1.22 per cent lower at 15,951.68, and the FTSE All-Share Index ended 10.82 points or 0.34 per cent lower at 3,178.59, respectively. Another European index STOXX 600 ended lower by 8.95 points or 2.65 per cent, at 328.44. Among other major European indices, DAX index closed the session at 10,466.80, down by 394.84 points or 3.64 per cent; CAC 40 index decreased by 193.95 points or 4.24 per cent and ended the trading session at 4,378.23.
European News: London and European markets tumbled as market sentiments were dented by the spat between the US and China over the Covid-19 crisis. Meanwhile, as per the YouGov/CEBR survey, the British consumer sentiment has hit the lowest since 2012. Among the stocks, Rolls Royce plunged around 9 per cent after announcing the job cuts amid the nosedived travel demand. Carnival plummeted over 8 per cent as it is facing the US inquiry. ThyssenKrupp slumped around 16 per cent post announcing a new financial squeeze. Contrarily, Riverstone surged over 12 per cent post announcing the repurchase of own shares.
London Stock Exchange
Top Performers*: RIVERSTONE ENERGY LIMITED (RSE), HALFORDS GROUP PLC (HFD) and AO WORLD PLC (AO.) accelerated significantly by 15.91 per cent, 9.80 per cent and 9.06 per cent, respectively.
Worst Performers*: AMIGO HOLDINGS PLC (AMGO), HYVE GROUP PLC (HYVE) and ASA INTERNATIONAL GROUP PLC (ASAI) plunged by 16.07 per cent, 14.91 per cent and 11.72 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (May-04-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: HIKMA PHARMACEUTICALS PLC (HIK), OCADO GROUP PLC (OCDO) and RENTOKIL INITIAL PLC (RTO) expanded by 6.17 per cent, 4.21 per cent and 3.88 per cent, respectively.
Non Performers*: EASYJET PLC (EZJ), CARNIVAL PLC (CCL) and ROLLS-ROYCE HOLDINGS PLC (RR.) traded in red zone and were down by 9.86 per cent, 9.85 per cent and 9.23 per cent, respectively.
Top Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (CNA) CENTRICA PLC; (BARC) BARCLAYS PLC.
Top Sectors traded in the positive zone*: Healthcare (+2.48 per cent) and Energy (+1.71 per cent).
Top Sectors traded in the negative zone*: Consumer Cyclicals (-1.32 per cent), Financials (-1.67 per cent), and Industrials (-1.02 per cent).
Oil Prices*: WTI crude oil future price was nudging at $20.23 per barrel, and Brent crude oil future price was trading at $26.69 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2430 and 0.8770, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.627 per cent, and the UK 10-Year Government Bond yield was hovering at 0.224 per cent, respectively.
*At the time of writing
