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US Markets: Major indices in the United States traded in green - particularly, the S&P 500 index traded 12.69 points or 0.41 per cent higher at 3,137.43, Dow Jones Industrial Average Index edged up by 53.33 points or 0.20 per cent higher at 26,343.31, and the technology benchmark index Nasdaq Composite climbed at 9,984.51, up by 88.64 points or 0.90 per cent against its previous day close (at the time of writing, before the U.S market close at 1:30 PM ET).
US News: The Wallstreet opened higher despite the surge in virus cases reported in the US. Among the gainers, Netflix was up by 1.9 per cent. The Netflix CEO donated USD 120 million to the historically Black colleges. The online retailer, Shopify was up by 1.7 per cent, as recently Walmart partnered with Shopify to increase e-commerce business. Among decliners, the stock price of travel company Norwegian Cruise Line Holdings Ltd was plunged by 7.64 per cent as it extended the suspension of its voyage till the end of September 2020. The share price of technology giant Facebook was down by 1.37 per cent as the US Justice Department is likely to propose legislation which may regulate social media platforms. The airplane maker Boeing stock was down by 2.50 per cent as Qatar Airways will not take future delivery of new aircraft in 2020 or 2021.
S&P 500 (SPX)
Top Performers*: Lowe’s Companies Inc (LOW), Electronic Arts Inc (EA), and Advanced Micro Devices Inc (AMD) stocks jumped by 2.79 per cent, 2.39 per cent and 2.38 per cent, respectively.
Non Performers*: Norwegian Cruise Line Holdings Ltd (NCLH), Royal Caribbean Cruises Ltd (RCL) and Carnival Corp (CCL) shares decreased by 7.37 per cent, 6.67 per cent and 6.10 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Carver Bancorp Inc (CARV), LM Funding America Inc (LMFA) and Integrated Media Technology Ltd (IMTE) shares expanded by 631.12 per cent, 150.91 per cent and 136.22 per cent, respectively.
Non Performers*: Chembio Diagnostics Inc (CEMI), Proficient Alpha Acquisition (PAAC) and Urban One Inc (UONEK) shares contracted significantly by around 59.62 per cent, 49.17 per cent and 28.25 per cent, respectively.
Top Performing Sectors*: Healthcare (+0.99 per cent), Consumer Non-Cyclicals (+0.88 per cent) and Technology (+0.83 per cent).
Top Worst Sector*: Energy (-2.26 per cent), Utilities (-0.45 per cent) and Basic Materials (-0.06 per cent).
Dow Jones Industrial Average (DJI)
Best Performers*: Home Depot Inc (HD), Mcdonald’s Corp (MCD) and Visa Inc (V) stocks inched up by over 1.73 per cent, 1.26 per cent and 1.01 per cent, respectively.
Worst Performers*: Boeing Co (BA), Exxon Mobil Corp (XOM) and Merck & Co Inc (MRK) shares plunged by 1.49 per cent, 1.14 per cent and 0.64 per cent, respectively.
European Markets: The broader equity benchmark index - FTSE 100 closed at 10.46 points or 0.17 per cent higher at 6,253.25, the FTSE 250 index snapped at 117.66 points or 0.67 per cent higher at 17,582.36, and the FTSE All-Share Index closed 9.10 points or 0.26 per cent higher at 3,464.50, respectively; European index STOXX 600 closed higher by 2.69 points or 0.74 per cent, at 366.02. Major European indices - DAX index closed the session at 12,382.14, up by 66.48 points or 0.54 per cent; CAC 40 index inched up by 43.51 points or 0.88 per cent and ended the trading session at 4,995.97.
European News: London and European markets jumped for a consecutive second day as upbeat earnings update encouraged hopes of swift economic recovery post-pandemic. Meanwhile, the British inflation slumped to 0.5 per cent in May (lowest since June 2016). Among the gaining stocks, SSE PLC gained around 8.8 per cent despite warning regarding profit hit this year. Likewise, Boohoo Group soared about 8.6 per cent post estimating annual sales to surpass market expectations. BP gained over 0.08 per cent despite expecting a dividend cut in 2020. Among the decliners, Domino’s Pizza Group plunged around 10.8 per cent after revealing the earnings hit due to additional cost amid the lockdown. HSBC Holdings PLC dipped around 0.23 per cent post unveiling plans to cut 35,000 jobs.
London Stock Exchange
Elite Performers*: SERCO GROUP PLC (SRP), SSE PLC (SSE) and BOOT (HENRY) PLC (BOOT) climbed significantly by 17.29 per cent, 9.54 per cent and 8.51 per cent, respectively.
Worst Performers*: AMIGO HOLDINGS PLC (AMGO), ASA INTERNATIONAL GROUP PLC (ASAI) and INTU PROPERTIES PLC (INTU) plunged by 14.69 per cent, 9.92 per cent and 8.45 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance as at June-17-2020, before the market closed (Source: EODHD/Others, Thomson Reuters)
Gainers*: SSE PLC (LON:SSE), AVEVA GROUP PLC (LON:AVV) & BERKELEY GROUP HOLDINGS (LON:BKG) inched up by around 9.54 per cent, 4.55 per cent and 4.00 per cent, respectively.
Worst Performers*: CARNIVAL PLC (LON:CCL), INTERNATIONAL CONSOLIDATED AIRLINES GROUP S.A. (LON:IAG) and LEGAL & GENERAL GROUP PLC (LON:LGEN) shares were beaten down by over 5.98 per cent, 3.64 per cent and 3.09 per cent, respectively.
Volume Spike*: (LLOY) LLOYDS BANKING GROUP PLC; (TW) TAYLOR WIMPEY PLC; (VOD) VODAFONE PLC.
Top Sectors traded in the positive zone*: Utilities (+3.28 per cent), Technology (+2.53 per cent) and Healthcare (+1.30 per cent).
Top Sectors traded in the negative zone*: Energy (-0.70 per cent) and Financials (-0.14 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was nudging at $38.16 per barrel, and Brent future crude oil (future) price was tilting at $40.80 per barrel.
Currency Rates*: GBP to USD and EUR to GBP both were exchanging at around 1.2553 and 0.8952, respectively.
Bond Yields*: U.S 10-Year Treasury yield was touching at 0.751 per cent, and the UK 10-Year Government Bond yield was tilting at 0.198 per cent, respectively.
*At the time of writing
