Market Performance Review in Monday’s Trading Session

  • Dec 02, 2019 GMT
  • Team Kalkine
Market Performance Review in Monday’s Trading Session

Global Markets: After recording a positive start for today’s trading session, the broader equity indices of the NYSE clawed back gains, as broader S&P 500 traded 21.99 points or 0.70% lower at 3,118.99, the Dow Jones Industrial Average Index slumped 214.87 points or 0.77% lower at 27,836.54 and the technology benchmark Nasdaq Composite index fell off 88.77 points or 1.02% to 8,576.70, respectively (before the market close at 3:10 PM ET).

Global News: On 2nd December 2019, the Wall Street opened higher, thanks to the massive performance by the retail sector over the Festive Weekend. Walt Disney’s Frozen 2 set a new record in earnings for the Thanksgiving Day, post which its stock rose by 0.4 per cent. Morgan Stanley downgraded Roku to “underweight” following which its stock lost 7.2 per cent. Fiat Chrysler struck a temporary four-year deal with United Auto Workers Union as per news sources, following which its stock was on the rise by 0.3 per cent. Wells Fargo Company was downgraded by an analyst to Underperform, post which its stock was flat. Amazon.com stock was up by 0.3 per cent, driving the retail stocks post the holiday seasons sales.

S&P 500 (SPX)

Top Performers*: Concho Resources Inc, Marathon Oil Corp and Noble Energy Inc are top gainers and increased by 1.30%, 1.20% and 1.16% respectively.

Worst Performers*: Apache Corp, Biogen Inc, and Healthpeak Properties Inc are the top three laggards and decreased by 9.78%, 2.12% and 0.95% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Asian Pharmaceuticals Ltd, Kodiak Sciences Inc, and Therapix Biosciences Ltd are top gainers and increased by 68.59%, 31.76% and 28.21% respectively.

Worst Performers*: Aqua Metals Inc, Paringa Resources Ltd and Lexicon Pharmaceuticals Inc are the top three laggards and decreased by 48.07%, 16.90% and 13.60% respectively.

Top Performing Sectors*: Energy (up 0.57%), Financials (up 0.24%) and Industrials (up 0.07%).

Worst Performing Sectors*: Basic Materials (down 0.01%), Consumer Non-Cyclicals (down 0.23%) and Utilities (down 0.37%).

Dow Jones Industrial Average (DJI)

Top Performers*: Merck & Co Inc, Intel Corp and Nike Inc are top gainers and increased by 0.88%, 0.81% and 0.75% respectively.

Worst Performers*: Goldman Sachs Group Inc, Walgreens Boots Alliance Inc and Dow Inc are the top three laggards and decreased by 1.01%, 0.99%, and 0.86% respectively.

European Markets: The London’s broader equity benchmark FTSE 100 index closed at 60.59 points or 0.82% lower at 7,285.94, the FTSE 250 index plunged by 112.39 points or 0.54% lower at 20,700.21, and the FTSE All-Share Index traded at the closing at 30.96 points or 0.76% lower at 4,035.77. Another European equity benchmark index STOXX 600 ended at 401.01, down by 6.42 points or 1.58 per cent.

European News: In Economic news, the Black Friday of 27 November 2019 turned out to be a bonanza in United Kingdom, the transactions on that day showed a jump of 12.5 per cent over previous year’s corresponding transaction data. The data which was collected by Barclaycard is a confirmation on sorts that the mood among the British consumers is improving raising hopes for a good Christmas shopping season this year. In other not so encouraging news, this year has seen the fastest rate of Job cuts in the manufacturing sector in United Kingdom since 2012, implying that the industry is still gripped under the adverse effects of Brexit and global macroeconomic factors.

In business news, a month-long strike by South Western Railways, one of Britain’s largest train operators have started today leading to large scale commuter queues in railway stations in United Kingdom, the strike has been on account of the role of guards of trains on which unions and the operators had disagreements.

London Stock Exchange (LSE)

Best Performers*: PETROPAVLOVSK PLC (POG), KIN AND CARTA PLC (KCT) and AO WORLD PLC (AO.) were on the bright spot for the day and up by 5.05%, 4.89% and 4.71% respectively.

Worst Performers*: TED BAKER PLC (TED), DE LA RUE PLC (DLAR) and OCADO GROUP PLC (OCDO) are the top three laggards of the day and down by 9.15%, 7.19% and 7.17% respectively.

FTSE 100 Index

5-days Price Performance Chart of FTSE-100 Index (as on December-02-2019), before the market closed. (Source: Thomson Reuters)

Performers*: AUTO TRADER GROUP PLC (AUTO), EVRAZ PLC (EVR) and MELROSE INDUSTRIES PLC (MRO) are the top three gainers in today’s session and up by 1.42%, 1.38% and 1.26% respectively.

Laggards*: OCADO GROUP PLC (OCDO), TUI AG (TUI), and SEGRO PLC (SGRO) are top laggards at the FTSE 100 index and down by 7.28%, 3.71% and 2.51% respectively.

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

Top Performing Sectors*: Energy (0.92%), Basic Materials (0.52%), and Technology (0.07%).

Worst Performing Sectors*: Telecommunications (down 1.32%), Financials (down 0.89%), and Consumer Cyclicals (down 0.67%).

Foreign Exchange Rates*: GBP/USD and EUR/GBP were hovering at 1.2948 and 0.8558, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.829%, and the UK 10-Year Government Bond yield was trading at 0.740%, respectively.

*At the time of writing

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