Technology Shares Lifted FTSE-250 Index by 0.33%; Kainos Group Shares Rallied by 31.18%

Be the First to Comment Read

Technology Shares Lifted FTSE-250 Index by 0.33%; Kainos Group Shares Rallied by 31.18%

 Technology Shares Lifted FTSE-250 Index by 0.33%; Kainos Group Shares Rallied by 31.18%

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 19.80 points or 0.56 per cent lower at 3,492.13, Dow Jones Industrial Average Index contracted by 169.03 points or 0.59 per cent lower at 28,510.78, and the technology benchmark index Nasdaq Composite traded lower at 11,793.80, down by 70.10 points or 0.59 per cent against the previous day close (at the time of writing, before the US market close at 11:55 AM ET).

US Market News: The Wall Street traded in the green as the technology stocks led the gains. The US Core PPI increased by 0.4% month on month in September 2020 that was above the expected increase of 0.2%. Among the upward trending stocks, Bed Bath & Beyond jumped by close to 8.8% after the company agreed to sell a few of its businesses for close to USD 250 million. US Bancorp was up by around 0.8% as it reported earnings per share of 99 USD cents. Shares of Goldman Sachs rose by about 0.5% as it reported a quarterly profit of USD 9.68 per share that was well above the market’s expectation. Among the decliners, Bank of America was down by about 2.9% after it sets aside USD 1.4 billion for probable loan losses.  United Health slipped by close to 0.7%, although it reported a quarterly profit of USD 3.51 per share and raised the full-year outlook. PNC Financial fell by approximately 0.4% as the company sets aside USD 52 million for possible future bad loans.

 

US Stocks Performance*

European News: The London and European markets traded in the green as UK PM is not looking for a nationwide lockdown. Meanwhile, the UK’s travel industry asks the government for more constructive support. OECD asked the UK government to help the unemployed find jobs. Among the gaining stocks, Kainos skyrocketed by around 28.0% after it stated that the full-year results would be ahead of the expectation. Synthomer jumped by nearly 17.9% after it reinstated the interim dividend for FY20. Barratt Developments moved up by close to 2.7% after it highlighted improved forward sales amid recovering housing market. Shares of Pagegroup gained about 1.5% as it highlighted cues of hiring pick-up. Among the decliners, ASOS plunged by nearly 8.8%, although the company reported strong performance in FY20. Pearson was down by about 1.3% after it reported bleak demand for online learning due to covid-19. Easyjet slipped by close to 0.7% after it announced that new CFO Kenton Jarvis would start office from 3 February.

European Indices Performance (at the time of writing)

FTSE 100 Index One Year Performance (as on 14 October 2020)

  1 Year FTSE 100 Chart (Source: Refinitiv, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group SA (IAG); BP Plc (BP.).

Top 3 Sectors traded in green*: Technology (+0.43%), Consumer Cyclicals (+0.42%) and Real Estate (+0.35%).

Top 3 Sectors traded in red*: Healthcare (-1.51%), Financials (-0.43%) and Industrials (-0.25%).

London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $43.30/barrel and $41.01/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,905.20 per ounce, up by 0.56% against the prior day closing.

Currency Rates*: GBP to USD: 1.3026; EUR to GBP: 0.9020.

Bond Yields*: US 10-Year Treasury yield: 0.726%; UK 10-Year Government Bond yield: 0.217%.

 

*At the time of writing

 

Disclaimer

Speak your Mind

Featured Articles