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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 20.36 points or 0.71 per cent lower at 2,854.20, Dow Jones Industrial Average Index contracted by 250.92 points or 1.04 per cent lower at 23,991.57, and the technology benchmark index Nasdaq Composite traded lower at 8,647.37, down by 2.77 points or 0.03 per cent against its previous day close (at the time of writing, before the U.S market close at 11:20 AM ET).
US News: With the decline in the crude prices, energy stocks declined in Monday’s trading session. This week is packed with release of quarterly earnings reports and it is expected that data will emphasize on the damage caused by the outbreak of Covid-19. The SPNY (S&P 500 energy index) declined by 2.8 per cent, and WTI (U.S. West Texas Intermediate) contract declined by 35 per cent, due to oversupply concerns. Chevron and Exxon Mobil Corp witnessed a decline of over 3 per cent and are the DJI (Dow Jones index) listed biggest decliners. Among other stocks news, the Netflix Inc and the Amazon.com Inc limited the decline of IXIC (Nasdaq) performance due to an increase in the demand on home delivery of groceries and online streaming due to widespread lockdowns. Due to layoffs of millions and halt in business activities, the benchmark index is around 15 per cent below the all-time high. With weaker earnings reported and lower future guidance, Netflix, Southwest Airlines Co and Delta Air Lines Inc shares will be closely watched.
S&P 500 (SPX)
Top Performers*: FLIR Systems Inc, Carrier Global Corp, and Dupont De Nemours Inc shares increased by 8.58%, 5.09% and 4.82%, respectively.
Non Performers*: Occidental Petroleum Corp, Vornado Realty Trust and Regency Centers Corp shares decreased by 7.04%, 5.49% and 5.43%, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Cyclacel Pharmaceuticals Inc, American Virtual Cloud Technologies and Akorn Inc shares expanded by 101.25%, 53.66% and 44.23%, respectively.
Worst Performers*: Check Cap Ltd, Akazoo SA and Summit Wireless Technologies shares plunged by 52.40%, 32.34% and 18.18%, respectively.
Top Performing Sectors*: Healthcare (+0.93%) and Consumer Cyclicals (+0.45%).
Top Worst Sectors*: Utilities (-2.65%), Industrials (-1.68%), and Financials (-1.04%).
Dow Jones Industrial Average (DJI)
Top Performers*: Goldman Sachs Group Inc, International Business Machine and Cisco Systems Inc are the top gainers and increased by 0.96%, 0.60% and 0.33%, respectively.
Non Performers*: Walt Disney Co, Boeing Co, and American Express Co shares decreased by 3.26%, 3.21% and 3.01% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 25.87 points or 0.45 per cent higher at 5,812.83, the FTSE 250 index snapped at 36.56 points or 0.23 per cent lower at 15,822.73, and the FTSE All-Share Index ended 10.52 points or 0.33 per cent higher at 3,200.72 respectively. Another European equity benchmark index STOXX 600 ended up by 2.23 points or 0.67 per cent, at 335.70. Among other major European indices, DAX index closed the session at 10,675.90, up by 50.12 points or 0.47 per cent; CAC 40 index accelerated by 29.30 points or 0.65 per cent and ended the trading session at 4,528.30.
European News: In economic news, Chancellor of the exchequer Rishi Sunak has today announced a stimulus package for the start-up companies in the country. The chancellor has made a total allocation of £1.25 billion out of which £500 million is for a fund to support fast growing companies and £750 million is directed towards supporting companies engaged in Research and development. The Centre for Economics and Business Research consultancy in UK has come out with a report today that states that the average household income of a British home has fallen by £515 per month due to the pandemic. For the country as a whole, the citizens will spend £43 billion less during the April- June quarter the research consultancy firm estimates. Among the stocks trending today, AstraZeneca, British American Tobacco, and Unilever Plc shares were in the bright spot. New boss of Aston Martin, Lawrence Stroll stated the main attention of restarting manufacturing and launching of first sport utility vehicle. Post the remarks, AML shares surged by around 3 per cent. DFS Furniture shares leapt up by 11 per cent after disclosing plans to raise fresh equity capital and negotiate additional debt facility.
London Stock Exchange
Top Performers*: PREMIER FOODS PLC (PFD), SIG PLC (SHI) and MENZIES(JOHN) PLC (MNZS) are top movers and rose by 22.32%, 11.19% and 11.04%, respectively.
Worst Performers*: INTU PROPERTIES PLC (INTU), SCHRODER EUROPEAN REIT PLC (SERE) and BLOOMSBURY PUBLISHING PLC (BMY) plunged by 12.44%, 9.01% and 8.89%, respectively.
FTSE 100 Index
5 days FTSE 100 Index Performance (April-20-2020), before the market closed (Source: TR)
Best Gainers*: ASHTEAD GROUP PLC (AHT), INFORMA PLC (INF) and NEXT PLC (NXT) expanded by 3.73%, 3.72% and 3.47%, respectively.
Non Performers*: MEGGITT PLC (MGGT), BARRATT DEVELOPMENTS PLC (BDEV) and EASYJET PLC (EZJ) plunged by 5.70%, 4.63% and 4.48%, respectively.
Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (CNA) CENTRICA PLC.
Top Sectors traded in the positive zone*: Telecommunications Services (+1.09%), Technology (+1.01%), and Consumer Non-Cyclicals (+0.87%).
Top Sectors traded in the negative zone*: Basic Materials (-1.20%), Consumer Cyclicals (-0.93%), and Energy (-0.71%).
Oil Prices*: WTI crude oil future price was nudging at $22.30 per barrel, and Brent crude oil future price was trading at $26.46 per barrel.
Forex Rates*: GBP/USD and EUR/GBP were hovering at 1.2457 and 0.8722, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.637%, and the UK 10-Year Government Bond yield was hovering at 0.335%, respectively.
*At the time of writing
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