US & UK Market Update in Monday’s Session- December 23, 2019

4 min read | December 23, 2019 11:10 PM GMT | By Team Kalkine Media

US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 3.62 points or 0.11% higher at 3,224.85, Dow Jones Industrial Average Index expanded by 105.93 points or 0.37% and quoting at 28,561.02 and the technology benchmark index Nasdaq Composite traded higher at 8,937.95 and was up by 13.00 points or 0.15% against its previous day close (at the time of writing, before the U.S market close at ET 10:20 AM).

US News: On 23rd December 2019, US Stocks opened higher, as Chinese government allowed reduction in tariffs across a wide range of sectors. Tesla reported to have received funds worth US $1.4 billion for a Shanghai factory, following which its stock was up by 1.8 per cent. Cincinnati Bell stock was up by 34 per cent, post being acquired by Brookfield Infrastructure Partners for a valuation of US $2.6 billion. Aurora Cannabis stock had jumped 2.2 per cent after reports suggesting that it would slow down its expansion to reduce its short-term debts. Chesapeake Energy was down by 2.0 per cent after reports arising that it will sell its Louisiana Gas Assets.

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S&P 500 (SPX)

Top Performers*:Â Coty Inc, Pentair Plc and Northrop Grumman Corp are top gainers and increased by 1.05%, 0.77% and 0.76% respectively.

Worst Performers*: Noble Energy Inc, Fleetcor Technologies Inc, and Cigna Corp are the top three laggards and decreased by 0.72%, 0.71% and 0.42% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Intra-Cellular Therapies Inc, Microbot Medical Inc, and Cassava Sciences Inc are top gainers and increased by 113.83%, 22.81% and 21.78% respectively.

Worst Performers*: Outlook Therapeutics Inc, Vascular Biogenics Ltd and Dropcar Inc are the top three laggards and decreased by 55.04%, 15.58% and 12.50% respectively.

Top Performing Sectors*: Utilities (up 0.32%), Technology (up 0.31%), and Healthcare (up 0.31%).

Worst Performing Sectors*: Consumer Non-Cyclicals (down 0.01%) and Telecommunication Services (down 0.28%).

Dow Jones Industrial Average (DJI)

Top Performers*: Boeing Co, 3M Co, and Apple Inc are top gainers and increased by 3.36%, 1.04% and 0.66% respectively.

Worst Performers*: Walt Disney Co, Johnson & Johnson, and American Express Co are the top three laggards and decreased by 0.76%, 0.45% and 0.23% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 41.11 points or 0.54% higher at 7,623.59, the FTSE 250 index snapped 169.05 points or 0.78% higher at 21,843.35, and the FTSE All-Share Index ended 24.24 points or 0.58% higher at 4,230.51 respectively. Another European equity benchmark index STOXX 600 ended at 418.27, down by 0.13 points or 0.03 per cent.

European News: In major economic news, the figures of the British economy growth in the third quarter this year has been revised upward as is being reported by the Bank of England. The news comes amidst more signs of strength coming from the fifth largest economy of the world which is also reporting the smallest current account deficit since 2012. In other economic news, the UK car industry body has requested Prime minister Boris Johnson for a tariff free deal for the industry on account of slump in sales and  massive stockpiling of inventory.

In business news, Advent international, the new owners of Britain’s Defence Giant Cobham has pledged that it will not change the company’s name, will retain a Headquarters in the United Kingdom and shall not the restructure the company in any way without the express permission of the British Government.

London Stock Exchange

Best Performers*: NMC HEALTH PLC (NMC), PZ CUSSONS PLC (PZC) and STV GROUP PLC (STVG) were on the bright spot for the day and up by 34.56%, 8.75% and 7.37% respectively.

Worst Performers*: GEORGIA HEALTHCARE GROUP PLC (GHG), PORVAIR PLC (PRV) and ROBERT WALTERS PLC (RWA) are the top three laggards of the day and down by 5.43%, 4.53% and 4.01% respectively.

FTSE 100 Index

 5-days Price Performance Chart of FTSE-100 Index (as on December-23-2019), before the market closed. (Source: Thomson Reuters)

Performers*: NMC HEALTH PLC (NMC), PEARSON PLC (PSON), and BUNZL PLC (BNZL) are the top three gainers in today’s session and up by 34.52%, 4.36% and 2.34% respectively.

Laggards*: ANTOFAGASTA PLC (ANTO), ROYAL BANK OF SCOTLAND GROUP PLC (RBS), and PRUDENTIAL PLC (PRU) are top laggards at the FTSE 100 index and down by 1.11%, 0.62% and 0.52% respectively.

Volume Gainers*: LLOYDS BANKING GROUP PLC (LLOY), BP PLC (BP), and GLENCORE PLC (GLEN).

Best Performing Sectors*: Consumer Cyclicals (up 1.11%), Technology (up 0.91%) and Consumer Non-Cyclicals (up 0.90%).

Worst Performing Sectors*: Telecommunications Services (down 0.31%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2926 and 0.8579, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.936%, and the UK 10-Year Government Bond yield was trading at 0.786%, respectively.

*At the time of writing


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