US & UK Market Performance In Thursday’s Session (2019/10/31/)

4 min read | October 31, 2019 04:00 PM PDT | By Team Kalkine Media

Global Markets: Benchmark indices in the United States traded in red, with the Dow Jones Industrial Average traded lower at 26,959.12, down by 227.57 points or 0.84%, the S&P 500 index declined by 18.66 points or 0.61% to 3,028.11, and the technology benchmark index Nasdaq Composite declined by 37.54 points or 0.45% to 8,266.43 (at the time of writing, before the US market close, ET 2:40 PM).

Global News: Stocks on the Wall Street traded in the red zone as trade uncertainty continued to hover and outweighs favourable tech earnings as reported by some of the major giants in the technology space. At the time of reporting, Apple stock surged by 1.8 per cent as a result of higher Airpod and iPad sales. Lyft shares accelerated by 4 per cent as earnings reported on a stronger note, beating market expectations. Starbucks and Facebook shares were too in the bright spot during the trading session and expanded by 0.9 per cent and 5.2 per cent, respectively. Western Digital shares tumbled during the day by around 11 per cent after the retirement news released of CEO Steve Milligan. Twitter stock was trending lower at 1.7 per cent during the day. Fiat Chrysler zoomed by 4 per cent after the agreed merger terms and conditions with Peugeot were declared and published.

S&P 500 (SPX)

Top Performers:Â BorgWarner Inc, Abiomed Inc and Kraft Heinz Co are top gainers and increased by 8.16%, 7.87% and 7.68% respectively.

Worst Performers: FLIR Systems Inc, Western Digital Corp and Hanesbrands Inc are the top three laggards and decreased by 12.56%, 11.66% and 11.01% respectively.

NASDAQ Composite (IXIC)

Top Performers: Agile Therapeutics Inc, Inpixon, and Zovio Inc are top gainers and increased by 296.65%, 40.44% and 30.97% respectively.

Worst Performers:Â Sunworks Inc, Cocrystal Pharma Inc and Merit Medical Systems Inc are the top three laggards and decreased by 33.65%, 29.82% and 23.57% respectively.

Top Performing Sectors: Technology (up 0.53%), Energy (up 0.37%) and Consumer Non-Cyclicals (up 0.36%).

Worst Performing Sectors: Telecommunication Services (down 0.02%), Consumer Cyclicals (down 0.15%) and Industrials (down 0.20%).

Dow Jones Industrial Average (DJI)

Top Performers:Â Apple Inc, Home Depot Inc and Walt Disney Co are top gainers and increased by 2.27%, 0.33% and 0.16% respectively.

Worst Performers: Wallgreens Boots Alliance Inc, Intel Corp and Caterpillar Inc are the top three laggards and decreased by 1.43%, 1.40%, and 1.22% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 82.40 points or 1.12% lower at 7,248.38, the FTSE 250 index snapped 93.60 points or 0.47% lower at 20,021.50, and the FTSE All-Share Index ended 39.34 points or 0.98% lower at 3,993.46 respectively. Another European equity benchmark index STOXX 600 ended at 396.75, down by 1.95 points or 0.49 per cent.

European News: After Prime Minister Boris Johnson called the 12 December election to break the political paralysis in the parliament, the country saw the start of an election campaign as opposition Labour leader Jeremy Corbyn pledged to change the rigged system, with Conservative Party leading Labour by 15 to 17 percentage points. The Labour party pledged to hold a second referendum on the deal and opinion polls suggest the Johnson would lose the election. The GfK (Growth from Knowledge) consumer sentiment dropped to -14 in October from -12 in September, as the survey suggested that consumer sentiment declined to its joint-lowest level since 2013 this month, indicating that the Brexit saga is impacting consumers.

London Stock Exchange

Top Performers*: FUTURE PLCÂ (FUTR), PETRA DIAMONDS LD (PDL) and XPS PENSIONS GROUP PLC (XPS) are top gainers and increased by 11.03%, 10.32% and 7.49% respectively.

Worst Performers*: INDIVIOR PLC (INDV), GEORGIA HEALTHCARE GROUP PLC (GHG) and CREST NICHOLSON HOLDINGS PLC (CRST) are the top three laggards and decreased by 8.24%, 7.08% and 5.76% respectively.

FTSE 100 Index

Five days Price Performance (October-31-2019), before the market closed; Source: Thomson Reuters

Top Gainers*: FRESNILLO PLC (FRES), INTL CONSOLIDATED AIRLINES GROUP SA (IAG) and POLYMETAL INTERNATIONAL PLCÂ (POLY) are top gainers at the FTSE 100 index and climbed by 2.40%, 1.73% and 1.73% respectively.

Top Laggards*: ROYAL DUTCH SHELL PLC 'B' (RDSB), ROYAL DUTCH SHELL PLC 'A' (RDSA) and SMITH & NEPHEW PLC (SN.) are top three laggards in today’s session and reduced by 3.60%, 3.31% and 2.01% respectively.

Volume Leaders*: (LLOY) LLOYDS BANKING GROUP PLC; (HSBA) HSBC HLDGS PLC; (BP) BP PLC.

Best Performing Sectors*: Telecommunications Services (up 0.24%), Utilities (up 0.11%), and Consumer Cyclicals (up 0.03%).

Worst Performing Sectors*: Energy (down 3.00%), Healthcare (down 1.50%), and Consumer Non-Cyclicals (down 0.87%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2936 and 0.8616, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.691%, and the UK 10-Year Government Bond yield was trading at 0.623%, respectively.

*At the time of writing


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