Global Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 4.26 points or 0.14% higher at 3,137.90, Dow Jones Industrial Average Index expanded by 36.92 points or 0.13% and quoting at 28,103.39 and the technology benchmark index Nasdaq Composite traded higher at 8,647.99 and was up by 15.50 points or 0.18% against its previous day close (at the time of writing, before the U.S market close at ET 2:50 PM).
Global News: On 26th November 2019, Markets opened flat post reports that China’s Commerce Ministry kept up the trade talks on a positive note. In terms of stocks, Best Buy stock was up by 4.6 per cent, after reporting revenue higher than the anticipations of the market. Dollar Tree stock was down massively by 13 per cent, following reporting a lower than anticipated profit. Palo Alto Networks stock plunged significantly by 7.8 per cent, following news of an acquisition of Aporteto, for US $150 million in a cash deal, which wasn’t appreciated by the investors. Abercrombie & Fitch stock was marginally down by 0.5 per cent after reporting a flat and lesser than estimated revenue. Dick’s Sporting Goods stock was up by 11.6 per cent after it reported its earnings higher than the company’s guidance and market’s expectations.
S&P 500 (SPX)*
Top Performers: Clorox Co, Keysight Technologies Inc and Starbucks Corp are top gainers and increased by 1.06%, 1.03% and 0.73% respectively.
Worst Performers: Dollar Tree Inc, Analog Devices Inc, and Advanced Micro Devices Inc are the top three laggards and decreased by 13.87%, 2.81% and 1.51% respectively.
NASDAQ Composite (IXIC)*
Top Performers: ChemoCentryx Inc, Toughbuilt Industries Inc, and China Ceramics Co Ltd are top gainers and increased by 334.00%, 76.69% and 29.03% respectively.
Worst Performers: Sonoma Pharmaceuticals Inc, Dollar Tree Inc and Asian Pharmaceuticals Ltd are the top three laggards and decreased by 16.26%, 14.95% and 14.06% respectively.
Top Performing Sectors*: Basic Materials (up 0.16%), Technology (up 0.10%) and Consumer Cyclicals (up 0.04%).
Worst Performing Sectors*: Consumer Non-Cyclicals (down 0.03%), Utilities (down 0.07%) and Financials (down 0.11%).
Dow Jones Industrial Average (DJI)
Top Performers: Walt Disney Co, Nike Inc and Merck & Co Inc are top gainers and increased by 0.71%, 0.53% and 0.46% respectively.
Worst Performers: Walgreens Boots Alliance Inc, Pfizer Inc and Dow Inc are the top three laggards and decreased by 0.91%, 0.63%, and 0.49% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 6.85 points or 0.09% higher at 7,403.14, the FTSE 250 index snapped 161.75 points or 0.78% higher at 20,864.92, and the FTSE All-Share Index ended 8.89 points or 0.22% higher at 4,092.77 respectively. Another European equity benchmark index STOXX 600 ended at 408.49, up by 0.40 points or 0.10 per cent.
European News: In the United Kingdom, the market regulator FCA (Financial Conduct Authority) has proposed a ban on promotion on mini-bonds to retail inexperienced investors. The proposed moves come after the regulatory body’s criticism of handling of the London Capital & Finance which led to numerous investors suffering losses. In other news, the FTSE 250 index, representative of listed mid tire companies on the London Stock Exchange, hit a high of 15 months since August 2018, on the back of mitigating fears of a hung parliament. In Stocks news, Ikea, the producer and retailer of modular furniture’s reported a 10 per cent dip in revenues on account of changing consumer preferences to opt for online products instead of visiting its stores. Banking firm TSB is reported to be closing down 86 branches with up to 400 employees losing their positions as the bank tries to cut costs, the bank however has proposed to absorb these employees in other operations of the bank.
London Stock Exchange (LSE)
Top Performers*: PETS AT HOME GROUP PLC (PETS), RIVERSTONE ENERGY LIMITED (RSE) and FRESNILLO PLC (FRES) are top performers of the day and up by 14.27%, 7.28% and 6.67% respectively.
Worst Performers*: DE LA RUE PLC (DLAR), COMPASS GROUP PLC (CPG) and GREENCORE GROUP PLC (GNC) are the top three laggards of the day and down by 20.20%, 7.05% and 5.44% respectively.
FTSE 100 Index
FTSE 100 Index Chart: 5-days Price Performance (as on November-26-2019), before the market closed. (Source: Thomson Reuters)
Performers*: FRESNILLO PLC (FRES), HISCOX LD (HSX) and ST. JAMES'S PLACE PLC (STJ) are the top three gainers in today’s session and up by 6.67%, 2.99% and 2.81% respectively.
Laggards*: COMPASS GROUP PLC (CPG), JD SPORTS FASHION PLC (JD.), and EVRAZ PLC (EVR) are top laggards at the FTSE 100 index and down by 6.81%, 2.16% and 1.54% respectively.
Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), ROYAL DUTCH SHELL PLC 'A' (RDSA), and VODAFONE GROUP PLC (VOD).
Top Performing Sectors*: Basic Materials (0.85%), Consumer Non-Cyclicals (0.51%), and Financials (0.37%).
Worst Performing Sectors*: Consumer Non-Cyclicals (-0.90%), Energy (-0.39%), and Healthcare (-0.03%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2870 and 0.8566, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.740%, and the UK 10-Year Government Bond yield was trading at 0.651%, respectively.
*At the time of writing