Live Stock Market Updates 10/08 – Nike Stock Closes Up 3%

As it happens:

Latest21:07
US Markets Close/Nike Stock

• Dow Jones +1.31%  27,792
• S&P 500  +0.29%   3,360
• Nasdaq  -0.39%  10,968

Elsewhere, Nike stock closed 3.48% higher at $105.40 after Footlocker posted strong sales figures.

Anyway, that’s all from me, have a good evening all!

20:34
Lyft Share Price

Lyft stock is trading up 4.19% at $31.46 after Credit Suisse maintains its outperform rating on the stock and lowers its price target to $66.

The share price rise also comes ahead of the company’s earnings report which is due to be released this week.

17:58
Xerox Share Price

Xeros shares are up 5.49% at $17.68 after Carl Icahn added to his stake in the company, purchasing 1.8 million shares at an average price of $16.31.

17:32
Suncor Energy Stock

Suncor Energy’s stock has surged over 4% to $33.38 as oil companies trade higher after optimistic comments regarding an oil demand recovery from Saudi Aramco.

17:02
Microsoft - TikTok

According to the South China Morning Post, negotiations between Microsoft and ByteDance for the sale of TikTok are unlikely to succeed.

They also stated the same is true for a deal with Twitter and that ByteDance is preparing to step up its legal and public relations battle against the US President’s Executive Order.

16:39
European Markets Close

• FTSE 100  +0.32%  6,051
• DAX  +0.07%  12,683
• EURO STOXX 50   +0.28%  3,261

16:15
Reata Pharmaceuticals

$RETA

Reata Pharmaceuticals’ shares have fallen 29% so far today, despite posting Q2 results that beat EPS and sales estimates.

15:02
US Equities

• Dow Jones  +0.80%  27,657
• S&P 500  +0.10% 3,354
• Nasdaq   -0.40%   10,966

14:09
Eastman Kodak

$KODK

Kodak’s share price has plummeted over 40% after the US government put its loan on pause while it investigated allegations of wrongdoing.

According to CNBC, the SEC is investigating how the company disclosed the deal with the government.

“Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S. International Development Finance Corporation said on Friday.

Kodak shares are currently trading at $9.28 premarket, down -37.84%.

13:08
European Equities Lunchtime Look

Ok, I seem to have had a late-ish clinch the past couple of weeks, but here is the update anyway…

FTSE 100  +0.35%

DAX  +0.07%

EURO STOXX 50   +0.27%

11:25
Redrow Share Price Plunges

Redrow Plc’s (LON:RDW) share price has plunged over 1% to 436.80p per share.

 

10:02
European Market Movers

Blackstone Resources +100%

Gaussin +22%

Cineworld +18% – HERE’S WHY CINEWORLD SHARES SURGED 22.6% HIGHER 

Superdry 16% – SUPERDRY SHARE PRICE GAINS 20% ON A £70M FINANCIAL DEAL WITH BANKS

Clarkson +11%

 

08:18
National Express

National Express’ share price is up 2.278% at 163.1p.

 

08:25
European Equities

• FTSE 100   +0.59%  6,067
• DAX   +0.04%  12,679
• EURO STOXX 50  +0.25%  3,260

08:03
Twitter - TikTok

$TWTR

According to a report by the WSJ over the weekend, Twitter has held preliminary talks about a combination with TikTok in the US.

07:30
Morning Preview

Good morning traders…

• Asia-Pacific equity markets traded mostly higher overnight although the Nikkei and Hang Seng are down. The ASX closed 1.76% higher.
• Overnight, China’s inflation rate YoY came in at the forecasted 2.7%.
• The main talking point over the weekend was US President Trump issuing executive orders after stimulus talks stalled. However, there are reports stating that these orders could face some legal challenges.
• In Hong Kong, the CCP has arrested Apple Daily’s Jimmy Lai, a prominent pro-democracy campaigner, on suspicion of breaches of the security law. This could cause more tensions with the US.
• In FX markets, the US dollar has picked up some strength in the last hour, with the EUR/USD falling to 1.1783.
• Later on today we have the eurozone Sentix index and the Federal Reserve’s Evans will be speaking.
• On the earnings calendar today some of the names include Marriott, Seaworld Entertainment, Royal Caribbean, Duke Energy, and Tilray.