US Markets: Broader indexes in the United States were trading in red, with the S&P 500 index traded 21.92 points or 0.68% lower at 3,218.10, Dow Jones Industrial Average Index plunged by 194.73 points or 0.68% and quoting at 28,450.53 and the technology benchmark index Nasdaq Composite traded lower at 8,915.71 and was down by 90.91 points or 1.01% against its previous day close (at the time of writing, before the U.S market close at ET 10:20 AM).
US News: On account of profit booking at the Wall Street on the second last day of the 2019, the major US stock indexes contracted from the record level as witnessed in the Monday’s trading session (December 30th, 2019). Decent rally which was registered throughout the month on account of trade optimism between the two giants – US and China, was halted for a while in today’s session. Technology stocks were hammered the most in Monday’s session, led by Microsoft Corp. During the day, Nio Inc. shares accelerated massively by around 60.5 per cent, after surpassing quarterly revenue estimates on account of favourable demand for its electric vehicles.
S&P 500 (SPX)
Top Performers*: Helmerich and Payne Inc, Halliburton Co, and TechnipFMC Plc are top gainers and increased by 1.26%, 1.11% and 1.05% respectively.
Worst Performers*: Lam Research Corp, Walt Disney Co, and Micron Technology Inc are the top three laggards and decreased by 1.49%, 1.42% and 1.39% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Savara Inc, Sol Gel Technologies Ltd, and Sito Mobile Ltd are top gainers and increased by 147.40%, 111.59% and 35.80% respectively.
Worst Performers*: WAVE Life Sciences Ltd, 111 Inc, and Iterum Therapeutics Plc are the top three laggards and decreased by 41.68%, 21.00% and 17.47% respectively.
Top Performing Sectors*: Energy (up 0.15%), Basic Materials (up 0.11%), and Financials (up 0.09%).
Worst Performing Sectors*: Consumer Cyclicals (down 0.02%), Utilities (down 0.14%), and Telecommunication services (down 0.21%).
Dow Jones Industrial Average (DJI)
Top Performers*: 3M Co, Wallgreens Boots Alliance Inc, and Chevron Corp are top gainers and increased by 0.91%, 0.56% and 0.40% respectively.
Worst Performers*: Walt Disney Co, Intel Corp, and McDonald’s Corp are the top three laggards and decreased by 1.10%, 0.93% and 0.70% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 57.85 points or 0.76% lower at 7,587.05, the FTSE 250 index snapped 122.73 points or 0.56% lower at 21,936.26, and the FTSE All-Share Index ended 29.77 points or 0.70% lower at 4,217.82 respectively. Another European equity benchmark index STOXX 600 ended at 416.17, down by 3.57 points or 0.85 per cent.
European News: In economic news, the number of mortgages that have been approved by lenders in the United Kingdom in November of 2019 has been the highest in three years, as reported by the lenders trade body in the country UK Finance. The number of mortgages approved by lenders in November stood at 43,715 compared to 41,312 in the month of October, more comprehensive data on mortgages, however, will be published by the Bank of England which is due on Friday the 3rd of January 2020. In business news, Digital bank Monzo is said to be close to raising between 50 and 100 million pounds in its latest round of funding, to help it expand its operations. The company has a customer base of 3.5 million and has raised 113 million pounds in capital in June of 2019, at which time its valuation stood at just over 2 billion pounds.
London Stock Exchange
Elite Performers of the Day: SPEEDY HIRE PLC (SDY), BLOOMSBURY PUBLISHING PLC (BMY) and BROWN(N.) GROUP PLC (BWNG) were on the bright spot and up by 6.49%, 5.36% and 4.64% respectively.
Worst Performers of the Day: LINDSELL TRAIN INVESTMENT TRUST PLC (LTI), PENDRAGON PLC (PDG) and BATM ADVANCED COMMUNICATIONS LD (BVC) are the top laggards and down by 6.29%, 5.62% and 4.49% respectively.
FTSE 100 Index
FTSE-100: Shares price performance in last 5 days (as on December 30, 2019), before the market closed. (Source: Thomson Reuters (TR))
Performers of the Day: NMC HEALTH PL (NMC), PERSIMMON PLC (PSN), and JUST EAT PLC (JE.) were in the bright spot and leapt up by 4.18%, 1.74% and 1.28% respectively.
Laggards of the Day: NEXT PLC (NXT), BAE SYSTEMS PLC (BA.), and VODAFONE GROUP PLC (VOD) were the beaten down stocks at the FTSE 100 index and decelerated by 2.04%, 1.31% and 1.31% respectively.
Volume Gainers of the Day: BARCLAYS PLC (BARC), LLOYDS BANKING GROUP PLC (LLOY), and BP PLC (BP.).
Best Performing Sector of the Day: Consumer Non-Cyclicals.
Worst Performing Sectors of the Day: Telecommunications Services (down 1.28%), Basic Materials (down 0.81%), and Energy (down 0.59%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3119 and 0.8538, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.900%, and the UK 10-Year Government Bond yield was trading at 0.863%, respectively.
*At the time of writing
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