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US Markets: : Broader indices in the United States traded in green - particularly, the S&P 500 index traded 9.48 points or 0.24 per cent higher at 3,944.31, Dow Jones Industrial Average Index surged by 114.05 points or 0.36 per cent higher at 31,572.45, and the technology benchmark index Nasdaq Composite traded higher at 14,147.06, up by 51.59 points or 0.37 per cent against the previous day close (at the time of writing, before the US market close at 10:30 AM ET).
US Market News: The major indices of Wall Street traded in the green zone amid growing investor confidence regarding the Covid-19 vaccination programme. Among the gaining stocks, AutoNation shares jumped by around 2.18% after its fourth-quarter sales came out to be more than expectations. Shares of Exxon Mobil Corp went up by about 1.94% after oil prices jumped to a 13-month high. CVS Health Corp shares jumped by approximately 0.66% after it had delivered robust fourth-quarter pharmacy sales. Among the declining stocks, shares of Palantir Technologies plunged by around 12.23% after it had reported a fourth-quarter loss.
US Stocks Performance*
UK Market News: The London markets traded on a mixed note, boosted by the vaccine hopes and the earning results. FTSE 100 traded marginally lower by around 0.11% and reached its highest point in over a month, fuelled by rising commodity prices.
Anglo-Swiss miner Glencore had reported a loss for FY20, but it made a profit during the second half of the year. The Company would also resume its dividend in 2021, illustrating high confidence in the near-term outlook. Its shares jumped by about 3.21%.
Avacta Group shares went up by around 17.48% after it had received the first data for its Covid-19 rapid antigen test from ongoing clinical studies in Europe and the UK. The data had shown excellent results for the test.
Australian Mining giant BHP Group had reported strong first-half results. The Company had declared a record interim dividend after reporting a profit growth driven by a surge in iron ore demand in China. The shares went up by approximately 2.02%.
Homeware retailer Dunelm Group shares dropped by around 7.63% after its deputy chairman had trimmed its stake through a secondary placing. Will Adderley had sold approximately 15 million shares at about 9% discount from Monday’s closing price.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 16 February 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); BP Plc (BP.); Rolls-Royce Holdings Plc (RR.).
Top 2 Sectors traded in green*: Financials (+1.26%) and Basic Materials (+0.74%).
Top 3 Sectors traded in red*: Utilities (-2.02%), Healthcare (-1.13%) and Consumer Cyclicals (-0.85%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $63.18/barrel and $59.87/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,798.90 per ounce, down by 1.33% against the prior day closing.
Currency Rates*: GBP to USD: 1.3918; EUR to GBP: 0.8702.
Bond Yields*: US 10-Year Treasury yield: 1.282%; UK 10-Year Government Bond yield: 0.622%.
*At the time of writing
