US Stocks Trade Lower on Account of Retail Sales and Virus Data

US Markets: Broader indices in the United States traded in red – particularly, the S&P 500 index traded 4.09 points or 0.12% lower at 3,369.85, Dow Jones Industrial Average Index declined by 113.62 points or 0.39% lower at 29,309.69, and the technology benchmark index Nasdaq Composite traded lower at 9,704.39, down by 7.58 points or 0.08% against its previous day close (at the time of writing, before the U.S market close at 3:30 PM ET).

US News: During the Friday’s trading session, Roku stocks were up by 8.2 per cent, after the revenue reportedly increased by 49 per cent in Q4 2019 earnings. Tesla’s stock was down by 2.4 per cent, after pricing its secondary issue above the expectations of the market and analysts. Canopy growth shares jumped 22 per cent, after its earnings in the third quarter beat the market estimates and its own guidance as well. In the cannabis sector, the other two stocks making the waves were Tilray, which was up by 8.9 per cent while Aurora Cannabis was up by 8.2 per cent. Pinterest stock was down by 2.9 per cent, after Facebook launched an app as a competitor to Pinterest.

S&P 500 (SPX)

Top Performers*: Expedia Group Inc, NVIDIA Corp, and Booking Holding Inc are top gainers and increased by 11.46%, 7.38% and 2.69% respectively.

Worst Performers*: Arista Network Inc, BorgWarner Inc and American International Group Inc are the top three laggards and decreased by 5.77%, 2.51% and 1.87% respectively.

NASDAQ Composite (IXIC)

Top Performers*: BioXcel Therapeutics Inc, Digital Ally Inc, and Genprex Inc are top gainers and increased by 44.82%, 39.39% and 35.04% respectively.

Worst Performers*: Pulse Biosciences Inc., Carcurus Inc, and LivePersons Inc are the top three laggards and decreased by 41.10%, 24.93% and 22.45% respectively.

Top Performing Sectors*: Technology (up 0.29%), Energy (Up 0.29%) and Consumer Cyclicals (up 0.27%).

Worst Performing Sectors*: Basic material (Down 0.47%), Telecommunications services (Down 0.14%).

Dow Jones Industrial Average (DJI)

Top Performers*: Visa Inc, Dow Inc, and Coca-cola Inc are top gainers and increased by 0.63%, 0.60% and 0.39% respectively.

Worst Performers*: Cisco Systems Inc, Pfizer Inc, and Caterpillar Inc. are top laggards and decreased by 0.80%, 0.68% and 0.66% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 42.90 points or 0.58% lower at 7,409.13, the FTSE 250 index snapped at 116.18 points or 0.54% higher at 21,790.08, and the FTSE All-Share Index ended 14.95 points or 0.36% lower at 4,135.07 respectively. Another European equity benchmark index STOXX 600 ended up by 0.49 points or 0.11 per cent at 431.57.

European News:  In economic news, as per a latest survey conducted by business advisers and counting firm Ernst & Young, the profitability of British companies has dropped to a 10 year low, in the final quarter of 2019. The returns of companies during the period dropped by an average of 9.9 per cent during the period which was the lowest since the last quarter of 2019 when the world was gripped in the thick of US Subprime crisis and the Sovereign debt crisis affecting Europe. In this drop, the service sector was the greater sufferer, witnessing a greater fall compared to the manufacturing sector.

London Stock Exchange (LSE)

Top LSE Stocks in the Gainers list*: TED BAKER PLC (TED), KIER GROUP PLC (KIE) and MCCOLL’S RETAIL GROUP PLC (MCLS) zoomed up by 8.09%, 8.04% and 6.73% respectively.

Top LSE Stocks traded in red zone*: LINDSELL TRAIN INVESTMENT TRUST PLC (LTI), ROYAL BANK OF SCOTLAND GROUP PLC (RBS) and LOOKERS PLC (LOOK) were hammered by 8.37%, 6.43% and 4.59% respectively.

FTSE 100 Index Performance

 FTSE-100 index 5-day performance – February 14th, 2020 (Source: Thomson Reuters)

Top FTSE 100 Stocks traded in green zone*: INFORMA PLC (INF), TESCO PLC (TSCO), and PEARSON PLC (PSON) surged by 2.22%, 2.10% and 2.05% respectively.

Top FTSE 100 Stocks traded in red zone*: ROYAL BANK OF SCOTLAND GROUP PLC (RBS), NMC HEALTH PLC (NMC), JUST EAT TAKEAWAY.COM N.V. (JET) were hammered by 6.38%, 3.76% and 3.08% respectively.

Shares traded with high volume*: LLOYDS GRP. (LLOY), ROYAL BANK OF SCOTLAND GROUP PLC (RBS), and BARCLAYS PLC (BARC).

Sectors in the positive zone*: Utilities (up 0.83%), Consumer Cyclicals (up 0.24%), and Industrials (up 0.16%).

Sectors in the negative zone*: Healthcare (-1.34%), Technology (-1.18%), and Telecommunications Services (-0.27%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3046 and 0.8308, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.592%, and the UK 10-Year Government Bond yield was trading at 0.629%, respectively. 

*At the time of writing