Key trading insights about the US and the UK market

5 min read | December 19, 2019 03:10 PM PST | By Team Kalkine Media

US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 4.82 points or 0.15% higher at 3,195.96, Dow Jones Industrial Average Index expanded by 71.51 points or 0.25% and quoting at 28,310.79 and the technology benchmark index Nasdaq Composite traded higher at 8,843.25 and was up by 15.52 points or 0.18% against its previous day close (at the time of writing, before the U.S market close at ET 10:10 AM).

Global News: On 19th December 2019, the Wall Street opened with a mixed bag again, as investors seemed to enter the festive mood before the end of the year comes closer. In terms of stocks, Accenture was down by 0.7 per cent after dropping down its revenue guidance below the market anticipations. Rite Aid posted a profit of US $52.3 million and its stock surged massively by 28 per cent. ConAgra Foods reported its earnings above the consensus of the market and its stock shot up by 7.9 per cent. Match Group and InterActiveCorp shares were up by 2.5 per cent and 1.3 per cent respectively, after investors were happy with the two groups deciding to go their separate ways. Darden Restaurants reported its earnings and revenue, just in line with the forecasts, which didn’t seem to impress the investors as its stock went down by 3.4 per cent. Broadcom stock went up by 0.6 per cent after being upgraded by an analyst on the Wall Street.

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S&P 500 (SPX)

Top Performers*:Â WellCare Health Plans Inc, CVS Health Corp and Westrock Co are top gainers and increased by 2.67%, 0.93% and 0.85% respectively.

Worst Performers*: Colgate-Palmolive Co, Boston Scientific Corp, and Perrigo Company Plc are the top three laggards and decreased by 1.42%, 0.98% and 0.92% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Helius Medical Technologies Inc, Paratek Pharmaceuticals Inc, and Catalyst Biosciences Inc are top gainers and increased by 61.90%, 35.59% and 33.33% respectively.

Worst Performers*: Ascena Retail Group Inc, Euroseas Ltd and Ekso Bionics Holdings Inc are the top three laggards and decreased by 55.65%, 47.88% and 25.01% respectively.

Top Performing Sectors*: Consumer Non-Cyclicals (up 0.24%), Technology (up 0.19%) and Healthcare (up 0.17%).

Worst Performing Sectors*: Utilities (down 0.12%) and Telecommunication Services (down 0.39%).

Dow Jones Industrial Average (DJI)

Top Performers*: Cisco Systems Inc, Walgreens Boots Alliance Inc, and UnitedHealth Group Inc are top gainers and increased by 1.69%, 1.05% and 0.89% respectively.

Worst Performers*: Caterpillar Inc, Travelers Companies Inc, and Verizon Communications Inc are the top three laggards and decreased by 0.33%, 0.29% and 0.15% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 33.07 points or 0.44% higher at 7,573.82, the FTSE 250 index snapped 3.01 points or 0.01% higher at 21,666.14, and the FTSE All-Share Index ended 14.73 points or 0.35% higher at 4,200.87, respectively. Another European equity benchmark index STOXX 600 ended at 415.07, up by 0.69 points or 0.17 per cent.

European News: In economic news, the office of National Statistics in the United Kingdom has revealed that inflation in the United Kingdom remained at 1.5 per cent whereas the market had expected it to dip to 1.4 per cent. This more than expected inflation is a signal that growth may be on the horizon for the British economy, but market pundits believe that Bank of England may still cut rates in view of broader economic headwinds, the core inflation, however, remained in line with market expectations at 1.7 per cent. In other news, employers in the United Kingdom offer average annual pay settlements to their employers that stood at 2.8 per cent in three months to November 2019 while it stood at 2.7 per cent in the prior three months period. In business news, retails sales across the United Kingdom have fallen in the month of November compared to the previous month, despite the more than proportionate enthusiasm shown by shoppers on Black Friday, market observers, however, believe that this year the shopping period will start late and will be close to Christmas.

London Stock Exchange

Best Performers*: LAMPRELL PLC (LAM), HYVE GROUP PLC (HYVE) and SCHRODER UK PUBLIC PRIVATE TST PLC (SUPP) were on the bright spot for the day and up by 17.27%, 6.85% and 6.64% respectively.

Worst Performers*: GOODWIN PLC (GDWN), NMC HEALTH PLC (NMC) and PEARSON PLC (PSON) are the top three laggards of the day and down by 18.08%, 15.99% and 5.53% respectively.

FTSE 100 Index

5-days Price Performance Chart of FTSE-100 Index (as on December-19-2019), before the market closed. (Source: Thomson Reuters)

Performers*: FLUTTER ENTERTAINMENT PLC (FLTR), BRITISH LAND CO PLC (BLND) and SAINSBURY(J) PLC (SBRY) are the top three gainers in today’s session and up by 1.61%, 1.49% and 1.42% respectively.

Laggards*: NMC HEALTH PLC (NMC), PEARSON PLC (PSON), and TUI AG (TUI) are top laggards at the FTSE 100 index and down by 15.10%, 5.62% and 3.40% respectively.

Volume Gainers*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BP PLC (BP).

Best Performing Sectors*: Energy (up 0.78%), Technology (up 0.46%) and Utilities (up 0.39%).

Worst Performing Sectors*: Consumer Cyclicals (down 0.39%), Financials (down 0.12%), and Industrials (down 0.11%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3009 and 0.8553, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.910%, and the UK 10-Year Government Bond yield was trading at 0.786%, respectively.

*At the time of writing


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