Quick Review of US and European Equities Performance in Thursday’s Session

  • May 14, 2020 BST
  • Team Kalkine
Quick Review of US and European Equities Performance in Thursday’s Session

US Markets: In Thursday’s trading session, broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.85 points or 0.14 per cent higher at 2,823.85, Dow Jones Industrial Average Index zoomed up by 127.85 points or 0.55 per cent higher at 23,375.82, and the technology benchmark index Nasdaq Composite traded lower at 8,838.13, down by 25.04 points or 0.28 per cent against its previous day close (at the time of writing, before the U.S market close at 1:10 PM ET).

US News: In Thursday’s trading session, Wall Street continued its losing streak as another 2.98 million Americans filed for jobless claims. Now, 36.5 million people have registered for jobless benefits over the past eight weeks. Crude oil prices traded in green zone as International Energy Agency indicated that the global demand would return in the second half of 2020. Among the stocks, Carnival Corp. dropped over 4 per cent, as they are considering job-cuts and employee furloughs. Delta Air Lines shed around 3 per cent after stating that it is burning nearly USD 50 million each day. Cisco Systems gained about 5 per cent post reporting better than expected third-quarter revenues. 3M was slightly down around 1.40 per cent after posting 11 per cent (year over year) decline in April sales. 

S&P 500 (SPX)

Top Performers*: Cintas Corp, Leggett & Platt Inc, and Discover Financial Services shares increased by 8.44 per cent, 7.19 per cent and 7.17 per cent, respectively.

Non Performers*: Coty Inc, United Airlines Holdings Inc and TechnipFMC Plc shares decreased by 6.28 per cent, 4.59 per cent and 4.36 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Applied DNA Sciences Inc, Novus Therapeutics Inc and Allogene Therapeutics Inc shares expanded by 56.24 per cent, 29.21 per cent and 29.18 per cent, respectively.

Worst Performers*: CytomX Therapeutics Inc, CSP Inc and Virtusa Corp shares plunged by 32.62 per cent, 31.92 per cent and 27.17 per cent, respectively.

Top Performing Sector*: Basic Materials (+0.34 per cent).

Top Worst Sectors*: Consumer Non-Cyclicals (-1.46 per cent), Healthcare (-1.32 per cent), and Utilities (-1.11 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: American Express Co, Cisco Systems Inc and JPMorgan Chase & Co shared climbed significantly by around 5.37 per cent, 5.20 per cent and 2.55 per cent, respectively.

Non Performers*: Raytheon Technologies Corp, Walmart Inc and Intel Corp shares decreased by 2.06 per cent, 1.77 per cent and 1.73 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 162.51 points or 2.75 per cent lower at 5,741.54, the FTSE 250 index snapped at 473.53 points or 2.98 per cent lower at 15,404.59, and the FTSE All-Share Index ended 90.68 points or 2.79 per cent lower at 3,153.15, respectively. Another European index STOXX 600 ended down by 7.26 points or 2.17 per cent, at 326.71. Among other major European indices, DAX index closed the session at 10,337.02, down by 205.64 points or 1.95 per cent; CAC 40 index decreased by 71.82 points or 1.65 per cent and ended the trading session at 4,273.13.

European News: London and European markets tumbled as investor sentiments were dented by apprehensions over prolonged economic downturn due to Covid-19 contagion. Meanwhile, 76 per cent of firms have applied for COVID job retention scheme, according to the ONS data.  Among the stocks, Arrow Global plunged 11 per cent after posting weak first-quarter results. WH Smith PLC fell over 5 per cent post reporting 85 per cent slump in April sales. Novacyt dipped over 4 per cent, after releasing full-year 2019 results. Contrarily, 3i Group grew about 6 per cent as they intend to provide full-year 2020 dividend, while mostly UK Companies are cancelling the dividend. 

London Stock Exchange

Top Performers*: AMIGO HOLDINGS PLC (AMGO), 3I GROUP PLC (III) and ASA INTERNATIONAL GROUP PLC (ASAI) accelerated significantly by 11.47 per cent, 6.08 per cent and 5.11 per cent, respectively.

Worst Performers*: AA PLC (AA.), COUNTRYSIDE PROPERTIES PLC (CSP) and FIRSTGROUP PLC (FGP) plunged by 19.74 per cent, 17.81 per cent and 15.13 per cent, respectively.

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (May-14-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: 3I GROUP PLC (III), MEGGITT PLC (MGGT) and INFORMA PLC (INF) expanded by 6.13 per cent, 2.11 per cent and 2.08 per cent, respectively.

Non Performers*: OCADO GROUP PLC (OCDO), SAGE GROUP PLC (SGE) and AVEVA GROUP PLC (AVV) traded in red zone and were down by 7.52 per cent, 6.87 per cent and 6.64 per cent, respectively.

Active Stocks (traded with high volume)*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (BARC) BARCLAYS PLC.

Top Sectors traded in the negative zone*: Technology (-4.52 per cent), Energy (-4.09 per cent), and Healthcare (-3.99 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $26.98 per barrel, and Brent future crude oil (future) price was nudging at $30.97 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2207 and 0.8840, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.612 per cent, and the UK 10-Year Government Bond yield was hovering at 0.200 per cent, respectively.

*At the time of writing

 


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