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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 91.23 points or 2.95% lower at 2,999.00, Dow Jones Industrial Average Index contracted by 837.52 points or 3.14% lower at 25,865.80, and the technology benchmark index Nasdaq Composite traded lower at 8,670.05, down by 282.12 points or 3.15% against its previous day close (at the time of writing, before the U.S market close at 2:35 PM ET).
US News: On 3rd March 2020, Wall Street showed marginal signs of recovery from the gloom of coronavirus, under which the markets were reeling at the back end of the previous month. In terms of key stocks, Apple shares were up by 0.9 per cent, after its Chinese manufacturing contractor reported operations to be back on track by the end of March. Chevron stocks were down by 0.6 per cent, as the investors seemed unhappy regarding its announcement to distribute approximately US $80 billion in the next five years. Qiagen shares were significantly up by 15.6 per cent after the company was bought by Thermo Fisher for US $11.50 billion. In response, the Thermo Fisher stocks gained approximately 5.7 per cent. Target shares were up by 0.4 per cent during the Tuesdayâs trading session. AutoZone stocks were down by 4.5 per cent after the company fell short on its forecast for the Q4 revenue.
S&P 500 (SPX)
Top Performers*: Thermo Fisher Scientific Inc, American Airlines Group Inc, and Qorvo Inc are top gainers and increased by 3.57%, 2.94% and 2.61% respectively.
Worst Performers*: Ingersoll Rand Inc, Autodesk Inc and HanesBrands Inc are the top three laggards and decreased by 3.45%, 3.03% and 2.84% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Superconductor Technologies Inc, Pacific Ethanol Inc, and Stealth BioTherapeutics Corp are top gainers and increased by 118.27%, 48.43% and 39.47% respectively.
Worst Performers*: Spherix Inc, Vaxart Inc, and CHF Solutions Inc are the top three laggards and decreased by 33.50%, 23.93% and 22.33% respectively.
Top Performing Sectors*: Energy (UP 0.32%) and Basic Materials (up 0.16%),
Worst Performing Sectors*: Telecommunication services (Down 0.82%), Technology (Down 0.75%) and Healthcare (Down 0.71%)
Dow Jones Industrial Average (DJI)
Top Performers*: UnitedHealth Group Inc, Coca-Cola Co. and Chevron Corp are top gainers and increased by 1.30%, 0.57% and 0.41% respectively.
Worst Performers*: JPMorgan Chase & Co., Microsoft corp and Exxon Mobil Corp are top laggards and decreased by 2.22%, 1.66% and 1.39% respectively.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded at 63.31 points or 0.95% higher at 6,718.20, the FTSE 250 index snapped 380.95 points or 1.97% higher at 19,682.65, and the FTSE All-Share Index ended 42.26 points or 1.14% higher at 3,749.09 respectively. Another European equity benchmark index STOXX 600 ended up by 5.16 points or 1.37 per cent at 381.13.
European News: In economic news, the governor of Bank of England, Mark Carney has said that the Coronavirus has renewed fears of a Global recession, and that world leaders are working overtime to tender a âpowerful and timelyâ response to the threat. The threat of the virus has prompted many to find parallels with the darkest days of the 2007-08 global financial crisis amidst calls for collective action to deal with the threat. In business news, Chief Executive of Ryanair, Michael O'Leary has stated in Brussels that the company is expecting a fall of 10 per cent in its bookings due to the coronavirus scare in the months of April and May. The company is hopeful however, that the scare would subside by May and June as temperatures rise across the European countries.
London Stock Exchange
Top Performers*: HUNTSWORTH PLC (HNT), 4IMPRINT GROUP PLC (FOUR) and CMC MARKETS PLC (CMCX) are top gainers and increased by 52.78%, 18.02% and 13.93% respectively.
Worst Performers*: FINABLR PLC (FIN), ROBERT WALTERS PLC (RWA) and IBSTOCK PLC (IBST) are the top three laggards and decreased by 13.27%, 8.11% and 5.92% respectively.
FTSE 100 Index
 5 days FTSE 100 Index Performance (March-03-2020), before the market closed (Source: TR)
Top Gainers*: INTL CONSOLIDATED AIRLINES GROUP SA (IAG), PERSIMMON PLC (PSN) and SCOTTISH MORTGAGE INV TST PLC (SMT) traded in green zone and expanded by 5.96%, 4.50% and 4.46% respectively.
Top Laggards*: MORRISON(WM.)SUPERMARKETS PLC (MRW), HIKMA PHARMACEUTICALS PLC (HIK) and HARGREAVES LANSDOWN PLC (HL.) traded in red territory in todayâs session and dipped by 1.67%, 1.50% and 1.12% respectively.
Volume Leaders*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE GROUP PLC shares were traded with decent volume in Mondayâs trading session.
Sectors in the positive zone*: Basic Materials (up 2.82%), Industrials (up 2.60%), and Consumer Cyclicals (up 2.60%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2804 and 0.8729, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 0.988%, and the UK 10-Year Government Bond yield was trading at 0.387%, respectively.
*At the time of writing
