Daily Market News: Apple becomes first ever $2trn company but markets wobble on Fed uncertainty LeapRate

August 20, 2020 BY Valentina Kirilova

Daily Market News: Apple becomes first ever $2trn company but markets wobble on Fed uncertainty

British Airways parent leads FTSE 100 higher as travel stocks rebound slightly The FTSE 100 added 0.6% on Wednesday, with International Consolidated Airlines Group leading the way with a 7.6% gain, following a rough few days for UK travel names. The British Airways operator was flagged as a “compelling investment into the next cycle” by…

August 19, 2020 BY Valentina Kirilova

Daily Market News: S&P 500 closes at new all-time high

FTSE 100 and FTSE 250 back in lock-step The FTSE 100 and FTSE 250 each fell by 0.8% on Tuesday, with the two indices now at an almost identical year-to-date loss. Both indices have essentially been travelling horizontally, since the beginning of June, failing to build the recovery momentum that American stocks have generated. Between…

August 18, 2020 BY Valentina Kirilova

Daily Market News: Gold pops on soft USD, Tesla hits new record

Nasdaq Composite continues to add gains Of the three major US stock indices, the Nasdaq Composite was the winner on Monday, adding 1% to take its year-to-date gain to 24%. The S&P 500 was also in the green, but the Dow Jones Industrial Average fell 0.3%, dragged lower by 2% plus losses from names, including…

August 17, 2020 BY Valentina Kirilova

Daily Market News: World Bank warns recovery will take longer than 2008

UK indices lower as markets baulk at new travel restrictions The FTSE 100 and 250 indices were led lower on Friday by travel stocks which sold off thanks to fresh quarantine impositions on six countries, including the UK’s number two destination, France. Fresh quarantine rules means travellers returning from France will have to quarantine at…

August 13, 2020 BY Valentina Kirilova

Daily Market News: Markets pause following relief rally on back of Biden-Harris ticket announcement

Utility names lead FTSE 100 higher Despite the official news that the UK entered the worst recession on record in Q2, London-listed stocks soared yesterday, with the FTSE 100 adding 2%. That gain took the index to a three week high. Utilities stocks were among the biggest winners of the day, with Severn Trent, Pennon…

August 12, 2020 BY Valentina Kirilova

Daily Market News: UK falls into recession for the first time since 2009

Vaccine hopes hit big tech stocks that have benefited from lockdown economy All three major US stock indices fell on yesterday in a rocky trading session that saw stocks sold off sharply in the final few hours before the close. One factor that may have driven the sell-off is positive news on a Covid-19 vaccine,…

August 11, 2020 BY Valentina Kirilova

Daily Market News: Markets bounce as oil makes gains on stimulus hopes

Cineworld leaps on US takeover speculation Both the FTSE 100 and FTSE 250 started the week on a positive note, adding 0.3% and 0.6% respectively. In corporate news, Unilever hit headlines, after setting the weekend of November 21 and 22 as the date for the unification of its structure under a single parent company, headquartered…

August 07, 2020 BY Valentina Kirilova

Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice

What to watch US employment report: The US employment numbers during the coronavirus crisis have been essential reading for updates on the health of the economy. The latest employment report is different from jobless numbers reported yesterday in that it counts the number of people actively employed rather than those who are claiming social security…

August 04, 2020 BY Valentina Kirilova

Daily Market News: BP cuts dividend, Twitter sinks after FTC investigation revealed

Lloyds leads FTSE 100 higher as HSBC drops after profit slump London-listed stocks jumped on Monday, with the FTSE 100 up 2.3% led by banking and finance names such as Lloyds Banking Group finishing 6% higher and NatWest Group up 4.8%. The gains came amid the news that rival HSBC is planning to accelerate its…

August 03, 2020 BY Valentina Kirilova

Daily Market News: Microsoft goes after TikTok’s US business despite Trump

FTSE 100 tumbles back as UK opening pauses London-listed shares tumbled last week, with the FTSE 100 sinking by 3.7%, taking its year-to-date loss back past 20%. The postponement of further easing of lockdown restrictions in England was one factor affecting sentiment, as was the news that the Eurozone economy shrank at its fastest rate…

Tag: FTSE

Daily Market News: Apple becomes first ever $2trn company but markets wobble on Fed uncertainty

Daily Market News: S&P 500 closes at new all-time high

Daily Market News: Gold pops on soft USD, Tesla hits new record

Daily Market News: World Bank warns recovery will take longer than 2008

Daily Market News: Markets pause following relief rally on back of Biden-Harris ticket announcement

Daily Market News: UK falls into recession for the first time since 2009

Daily Market News: Markets bounce as oil makes gains on stimulus hopes

Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice

Daily Market News: BP cuts dividend, Twitter sinks after FTC investigation revealed

Daily Market News: Microsoft goes after TikTok’s US business despite Trump

Powell Rules Out Rate Hikes, Greenback Steadies After 0.6% Drop

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Chip Stock Sell-off After Disappointing AMD And Super Micro Results