Daily Market News: Deluge of job cut announcements as market ends positive Q3 LeapRate

October 01, 2020 BY Valentina Kirilova

Daily Market News: Deluge of job cut announcements as market ends positive Q3

Healthcare was the leading sector in the index overall, helped by 3.5% plus gains from care providers Centene, Universal Health Services and HCA Healthcare. In healthcare company news, device maker Medtronic made waves late in the day after market hours, as The Wall Street Journal reported that the Justice Department is investigating whether acquisitions the…

September 28, 2020 BY Steffy Bogdanova

Daily Market News: Trade war hots up as markets look to bounce back

Energy stocks fall 8.6% in a week While the S&P 500 and Dow Jones Industrial Average both fell last week, the tech heavy Nasdaq Composite managed to eke out a 1.1% gain. Tech giants Amazon, Apple and Microsoft all posted positive weeks, but remain down between 9% and 10% apiece over the past month. In…

September 25, 2020 BY Valentina Kirilova

Daily Market News: Amazon steps into the gaming market

Democrats aim for pared back stimulus bill All three major US stock indices eked out a positive day after a volatile session yesterday. The next round of Covid-19 economic stimulus once again hit headlines, after reports that Democrats are putting together a new $2.4trn bill that cuts roughly a trillion dollars from the cost of…

September 24, 2020 BY Valentina Kirilova

Daily Market News: Stocks tumble after Fed warns more stimulus needed

Cineworld up 10% ahead of earnings, but then disappoints London-listed stocks rallied yesterday while their US counterparts fell, with the FTSE 100 and FTSE 250 both adding more than 1% on the day. In the FTSE 250, Cineworld Group jumped 10% the day ahead of its latest quarterly earnings report, in anticipation of positive news…

September 21, 2020 BY Valentina Kirilova

Daily Market News: Markets under pressure amid Covid resurgence

Energy stocks lead the week after oil rallies back past $40 a barrel The top line figures for the major US stock indices do not tell the full story of last week. Given their dominance market cap wise, the tech giants can easily swing indices into the red even when other sectors are performing well.…

August 25, 2020 BY Valentina Kirilova

Daily Market News: Exxon to exit Dow Jones Industrial Average after more than a century

Energy and airline stocks soar on Covid-19 vaccine news All three US indices started the week on a positive note, with the S&P 500 up 1%, taking its year-to-date gain to 6.2%. The energy sector led the way, adding 2.8%, with the energy equipment and services sub-sector up 4.3%. It was airline and travel stocks…

July 10, 2020 BY Valentina Kirilova

Daily Market News: Dow Jones back below 26,000 after jobless claims data

What to watch Producer price index: PPI data for June will be released on Friday in the US by the Bureau of Labor Statistics. The data measures the average change over time in the prices received by US producers for the products and services they provide. Month-over-month and year-over-year data will be released, with economists…

June 26, 2020 BY Valentina Kirilova

Daily Market News: Markets edge up as Fed relaxes banking restrictions

UK rallies as financials come to the rescue UK markets turned positive late yesterday to finish on a high, with financial stocks coming to the fore amid changes to the US regulatory landscape. Asset managers Schroders and Standard Life Aberdeen both closed up over 3%, while investment platforms were also in the ascendency, as investors…

June 15, 2020 BY Valentina Kirilova

Daily Market News: Stock markets slide as infection rates in China and US spike

Bank governor says central bank ‘ready to take action’ after GDP contraction Over the weekend, following a week in which the FTSE 100 fell by just shy of 6% and it was revealed that the UK economy shrank by 20.4% in April, Bank of England governor Andrew Bailey said that the central bank is “ready…

June 10, 2020 BY Valentina Kirilova

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Sharp pullback for UK stocks in face of new data The FTSE 100 and FTSE 250 sank sharply yesterday, with both indices losing 2.1% apiece, leaving London-listed stocks stuck in correction territory while US shares are creeping past the breakeven point year-to-date. Investors had multiple data points to digest, including information from the British Retail…

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