How The US and UK Markets Performed In Wednesday’s Trading Session?

4 min read | January 29, 2020 11:10 PM GMT | By Team Kalkine Media

US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 9.65 points or 0.29% higher at 3,285.90, Dow Jones Industrial Average Index expanded by 134.73 points or 0.47% higher and quoting at 28,857.58 and the technology benchmark index Nasdaq Composite traded higher at 9,289.92 and was up by 20.24 points or 0.22% against its previous day close (at the time of writing, before the U.S market close at ET 11:00 AM).

US News: On 29th January 2020, Wall Street stocks opened in the green, on the back of excellent earnings announcement by a host of companies, as well as a good business outlook presentation for the month of February. Mastercard shares were up by 0.9 per cent, after reporting a 12 per cent increase in gross sales volume in the fourth quarter. Apple stocks were up by 1.7 per cent and were in touching distance of a record share price level. AT&T stock were down by 1.5 per cent, after reporting a decline in the number of its Pay TV Subscribers. Boeing shares jumped 1.9 per cent after there was no reported delay in the Boeing 737 MAX flying schedule. McDonald’s shares were up by 0.2 per cent, after there was a marginal quarter on quarter decline in the sales growth for Q4 2019. General Electric shares were up by 6.8 per cent, after the company reported a massive growth in the earnings for the fourth quarter of 2019.

S&P 500 (SPX)

Top Performers*: L Brands Inc, General Electric Co, and Norfolk Southern Corp are top gainers and increased by 12.67%, 8.44% and 6.32% respectively.

Worst Performers*: Xilinx Inc, Advanced Micro Devices Inc, and C H Robinson Worldwide Inc are the top three laggards and decreased by 8.73%, 6.71% and 5.01% respectively.

NASDAQ Composite (IXIC)

Top Performers*: ATIF Holdings Ltd, Conatus Pharmaceuticals Inc, and Genprex Inc are top gainers and increased by 87.30%, 32.22% and 31.25% respectively.

Worst Performers*: Martin Midstream Partners LP, Avinger Inc, and Spring Bank Pharmaceuticals Inc are the top three laggards and decreased by 30.19%, 22.70% and 21.18% respectively.

Top Performing Sectors*: Energy (up 1.04%), Technology (up 0.70%) and Healthcare (up 0.40%).

Worst Performing Sectors*: Consumer Non-cyclicals (down 0.24%), Telecommunication services (down 0.15%) and Utilities (down 0.14%).

Dow Jones Industrial Average (DJI)

Top Performers*: Dow Inc, Boeing Co, and Apple Inc are top gainers and increased by 5.32%, 3.12% and 2.59% respectively.

Worst Performers*: UnitedHealth Group Inc, International Business Machines Corp, and Coca-Cola Co are the top three laggards and decreased by 1.27%, 0.90% and 0.18% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 1.68 points or 0.02% higher at 7,482.37, the FTSE 250 index snapped 33.56 points or 0.16% higher at 21,466.62, and the FTSE All-Share Index ended 1.88 points or 0.04% higher at 4,156.47, respectively. Another European equity benchmark index STOXX 600 ended at 419.41, up by 1.85 points or 0.44 per cent.

European News: In economic news, commercial shop prices in Highstreets in United Kingdom have registered a decline of 0.3 per cent in January of 2020. This is an improvement from the fall in prices in December 2019 when a fall of 0.4 per cent was registered. Industry research firm Nielsen which come up with the information further stated that the reason doesn’t seem to be inflationary pressure coming from the commodity side, hence it would be premature to say that there is a definite reversal of trend. Prices of shops have been falling over the past six months sharply by an average of 0.5 per cent in an annual term.

London Stock Exchange (LSE)

Top Companies in the Movers list*: DP EURASIA N.V. (DPEU), QUILTER PLC (QLT) and REACH PLC (RCH) zoomed up by 9.09%, 7.11% and 5.57% respectively.

Companies in the Top Stragglers list*: STAGECOACH GROUP PLC (SGC), MCCARTHY & STONE PLC (MCS) and AVAST PLC (AVST) were in the red zone and declined by 7.74%, 6.23% and 4.61% respectively.

FTSE 100 Index

 FTSE-100 index 5-day performance – January 29th, 2020 (Source: Thomson Reuters)

Companies in the FTSE 100 Top Movers list*: WHITBREAD PLC (WTB), MELROSE INDUSTRIES PLC (MRO), and ASHTEAD GROUP PLC (AHT) accelerated by 2.78%, 2.59% and 2.37% respectively.

Companies in the FTSE 100 Top Laggards list*: NMC HEALTH PLC (NMC), UNILEVER PLC (ULVR), SAINSBURY(J) PLC (SBRY), went down by 3.29%, 1.67% and 1.61% respectively.

Top Companies in the FTSE 100 Index list with Volume Runners*: LLOYDS GRP. (LLOY), VODAFONE GRP. (VOD) and BT GROUP (BT.A).

Sectors in the positive zone*: Basic Materials (up 0.86%), Healthcare (up 0.61%), and Industrials (up 0.60%).

Sector in the negative zone*: Consumer Non-Cyclicals (down 0.79%), Energy (down 0.29%), and Telecommunications Services (down 0.05%).

Foreign Exchange Rate Quotation*: GBP/USD and EUR/GBP currency pairs traded at 1.3024 and 0.8461, respectively.

U.S. and U.K. 10-Year Bond Yields*: U.S. 10-Year Treasuries yield were quoting at 1.601%, and the U.K. 10-Year Government Bond yield was trading at 0.514%, respectively.

*At the time of writing


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