US & UK Market Performance In Friday’s Session

4 min read | October 18, 2019 11:10 PM BST | By Team Kalkine Media

Global Markets*: Stocks in the United States were trending in red, with the Dow Jones Industrial Average Index plummeted 169.30 points or 0.63% to 26,856.58, the S&P 500 index narrowed 8.12 points or 0.27% to 2,989.83 and the technology benchmark index Nasdaq Composite fell off 58.50 points or 0.72% to 8,098.36, respectively (at the time of writing, before the US market close, ET 2:10 PM).

Global News*: On 18th October 2019, the markets opened in red zone as the impact of China posting its weakest growth in three decades, on its trade dispute with the United States were coming up. Coca Cola was up 2.3 per cent after its earnings were in line with the market expectations at US $0.56 per share. Beyond Meat was down by 2.9 per cent after reports of Dave and Buster was testing a new brand made by Maple Leaf foods which is Beyond Meat’s competitor. American Airlines was down 2.3 per cent and Boeing was down 0.81 per cent after a news being surfaced that the families of passengers who died in the Boeing 737 Max crash were set to serve a subpoena to the Airlines. Netflix was up 2.41 per cent, for a second day in a row, after the news that its paying subscriber base had expanded. Morgan Stanley was up 1.5 per cent after reports of investors being happy with its market beating earnings announcement. Advanced Micro Devices (AMD) was up 1.07 per cent in the anticipation of reporting earnings higher than market expectation, which were due to be announced later in the day.

S&P 500 (SPX)*

Top Performers: Intuitive Surgical Inc, Apache Corp and E*TRADE Financial Corp are top gainers and increased by 5.29%, 5.02% and 4.87% respectively.

Worst Performers: L Brands Inc, Gap Inc and HanesBrands Inc are the top three laggards and decreased by 8.20%, 4.78% and 4.61% respectively.

NASDAQ Composite (IXIC)*

Top Performers: Attis Industries Inc, Greenland Acquisition Corp, and Bionano Genomics Inc are top gainers and increased by 91.73%, 47.56% and 41.30% respectively.

Worst Performers:Â CBAK Energy Technology Inc, TDH Holdings Inc and Synthesis Energy Systems Inc are the top three laggards and decreased by 12.79%, 11.89% and 11.20% respectively.

Top Performing Sectors: Energy (up 0.29%), Basic Materials (up 0.09%) and Healthcare (up 0.09%).

Worst Performing Sectors: Telecommunication services (down 0.77%), Consumer Cyclicals (down by 0.04%) and Technology (down by 0.08%).

Dow Jones Industrial Average (DJI)*

Top Performers:Â Coca-Cola Co, Cisco Systems Inc and Caterpillar Inc are top gainers and increased by 1.77%, 0.45% and 0.44% respectively.

Worst Performers: Johnson & Johnson, Boeing Co, and American Express Co are the top three laggards and decreased by 2.48%, 0.77%, and 0.41% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 31.75 points or 0.44% lower at 7,150.57, the FTSE 250 index snapped 7.42 points or 0.04% higher at 20,228.53, and the FTSE All-Share Index ended 13.91 points or 0.35% lower at 3,956.89 respectively. Another European equity benchmark index STOXX 600 ended at 391.84, down by 1.24 points or 0.32 per cent.

European News*: After British Prime Minister surprised his opponents and allies by agreeing on a deal with the European Union, he tried to gain support to get the agreement ratified in the British parliament where he has no majority, leading to speculations whether the country would be able to leave by the latest deadline. As the three main opposition parties have pledged to vote it down and the Democratic Unionist Party are opposed to a deal, the numbers are too close to call, and he would need to persuade pro-Brexit MPs across the aisle to get the deal passed. As investors doubted that the proposed agreement would get through the British parliament in a vote to be held on Saturday, the sterling declined on Friday morning from the peak of $1.2988 reached on Thursday.

London Stock Exchange*

Top Performers: TED BAKER PLC (TED), AVAST PLC (AVST) and DIGNITY PLC (DTY) were top gainers and leapt up by 9.35%, 6.98% and 6.79% respectively.

Worst Performers: INTU PROPERTIES PLC (INTU), ONESAVINGS BANK PLC (OSB) and ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) were the top three laggards and dipped by 6.30%, 4.42% and 4.03% respectively.

FTSE 100 Index*

 5 days share price performance (October-18-2019), before the market closed (Chart sourced from Thomson Reuters)

Top Gainers: NMC HEALTH PLC (NMC), IMPERIAL BRANDS PLC (IMB) and AVIVA PLC (AV.) were top performers and accelerated by 2.95%, 2.01% and 1.91% respectively.

Top Laggards: INTERCONTINENTAL HOTELS GROUP PLC (IHG), BURBERRY GROUP PLC (BRBY) and ROLLS-ROYCE HOLDINGS PLC (RR.) were the poor performers and tumbled by 3.77%, 2.64% and 2.58% respectively.

Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (BARC) BARCLAYS PLC.

Best Performing Sectors: Telecommunications Services (up 0.28%), Utilities (up 0.14%), and Technology (up 0.06%).

Worst Performing Sectors: Industrials (down 1.30%), Energy (down 0.55%) and Consumer Cyclicals (down 0.49%).

FX Rates*: GBP/USD and EUR/GBP were quoting at 1.2954 and 0.8614, respectively.

10 Year Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.743%, and the UK 10-Year Government Bond yield was trading at 0.703%, respectively.

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*At the time of writing

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