AUS
NZ
UK
CA
USA
IND
US Markets: Broader indexes in the United States were trading in red, with the S&P 500 index traded 8.85 points or 0.27% lower at 3,312.90, Dow Jones Industrial Average Index contracted by 115.44 points or 0.40% lower and quoting at 29,070.83 and the technology benchmark index Nasdaq Composite traded lower at 9,376.25 and was down by 7.52 points or 0.08% against its previous day close (at the time of writing, before the U.S market close at ET 10:50 AM).
US News: On 23rd January 2020, stocks opened in the red as investors wary of the bearish technical signals from the market. Co-Diagnostics shares were up by a massive 171 per cent, after the company announced the completion of principle design for coronavirus that will help in early detection of the virus. Union Pacific stocks surged 1.8 per cent, following the announcement of earnings for the fourth quarter, where the downfall was not as much as the market expected. Procter & Gamble reported a slowdown in growth post which its stocks were down by 2.0 per cent. American Airlines shares were also down by 0.7 per cent after its revenue fell short of the market consensus. Raymond James also reported its earnings, which were down as compared to the previous quarter, following which its shares plunged by 4.2 per cent. Comcast reported better than expected earnings for the fourth quarter and its shares shot up by 1.4 per cent.
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S&P 500 (SPX)
Top Performers*: Western Digital Corp, Citrix Systems Inc, and L Brands Inc are top gainers and increased by 3.99%, 3.52% and 3.50% respectively.
Worst Performers*: Freeport-McMoRan Inc, VF Corp, and Wynn Resorts Ltd are the top three laggards and decreased by 8.52%, 6.89% and 3.73% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Trans World Entertainment Corp, Co-Diagnostics Inc, and Innovate Biopharmaceuticals Inc are top gainers and increased by 257.02%, 124.34% and 75.12% respectively.
Worst Performers*: Genprex Inc, Applied Genetic Technologies Corp, and Tetraphase Pharmaceuticals Inc are the top three laggards and decreased by 41.27%, 26.77% and 25.52% respectively.
Top Performing Sector*: Utilities (up 0.03%).
Worst Performing Sectors*: Energy (down 1.78%), Consumer Cyclicals (down 0.84%) and Healthcare (down 0.67%).
Dow Jones Industrial Average (DJI)
Top Performers*: Intel Corp, Pfizer Inc, and International Business Machines Corp are top gainers and increased by 0.80%, 0.42% and 0.18% respectively.
Worst Performers*: Travelers Companies Inc, Dow Inc, and Caterpillar Inc are the top three laggards and decreased by 3.42%, 1.93% and 1.02% respectively.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded at 64.25 points or 0.85% lower at 7,507.67, the FTSE 250 index snapped 222.42 points or 1.02% lower at 21,540.56, and the FTSE All-Share Index ended 36.59 points or 0.87% lower at 4,170.34 respectively. Another European equity benchmark index STOXX 600 ended at 420.03, down by 3.01 points or 0.71 per cent.
European News: In economic news, Â as per a survey published by a renowned Human resource consultancy in the United Kingdom, Employers in the country offered their staff a median annual pay settlement of 2.2 per cent in three months to December 2019. The Survey conducted as per 23 pay deals between October 2019 and December 2019 have risen by an average of 2.5 per cent over the corresponding period in 2018. The consultancy also suggested that preliminary data from January 2020 also suggests that there has not appreciable gains in pay settlements in the new year as well, suggesting that employers are adopting a cautious approach as they start trading into 2020. In business news, Supermarket company Morrisons has decided to drop nearly 3,000 middle managers from its staff on account of a disappointing Christmas of 2019. The company intends to recruit more shop-floor staff instead to boost its business prospects into the new year.
London Stock Exchange (LSE)
Companies in the Top Gainers List*: PETROPAVLOVSK PLC (POG), RENISHAW PLC (RSW) and KENMARE RESOURCES PLC (KMR) zoomed up by 11.97%, 6.11% and 4.62% respectively.
Companies in the Top Laggards List*: ALLIED MINDS PLC (ALM), MCBRIDE PLC (MCB) and PENDRAGON PLC (PDG) were in the red zone and declined by 21.88%, 6.48% and 5.79% respectively.
FTSE 100 Index
FTSE-100 index performance â January 23rd, 2020 (Source: Thomson Reuters)
Companies in the FTSE 100 Top Gainers List*: ROLLS-ROYCE HOLDINGS PLC (RR.), PHOENIX GROUP HOLDINGS PLC (PHNX), and TAYLOR WIMPEY PLC (TW.) accelerated by 2.25%, 1.69% and 1.57% respectively.
Companies in the FTSE 100 Top Laggards List*: EVRAZ PLC (EVR), ANTOFAGASTA PLC (ANTO), and INTL CONSOLIDATED AIRLINES GROUP SA (IAG), decelerated by 5.37%, 4.06% and 3.47% respectively.
Companies in the FTSE 100 Volume Traction*: LLOYDS GRP. (LLOY), VODAFONE GRP. (VOD), and GLENCORE (GLEN).
Sectors in the positive zone*: Telecommunications Services (up 0.67%) and Healthcare (up 0.08%).
Sectors in the negative zone*: Basic Materials (down 1.99%), Consumer Cyclicals (down 0.88%), and Industrials (down 0.52%).
Foreign Exchange Rate Quotation*: GBP/USD and EUR/GBP currency pairs traded at 1.3108 and 0.8432, respectively.
U.S. and U.K. 10-Year Bond Yields*: U.S. 10-Year Treasuries yield were quoting at 1.741%, and the U.K. 10-Year Government Bond yield was trading at 0.590%, respectively.
*At the time of writing the report
