Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
A bit of a turnaround from the Dow Jones and S&P there gives us a red day for US equities.
Elsewhere, Apple CEO, Tim Cook became a billionaire today…
That’s all from me for today, have a good evening!
Vaxart shares are trading 15% higher at $10.83 heading into the close after the company announced it filed for an investigational new drug application for a coronavirus vaccine.
Here’s how stocks are performing so far today (Via Finviz.com)…
Kelly Services shares are up 231% at $49.08 per share.
We are yet to see any stock-specific news.
Qualcomm shares are trading 4.20% higher at $110.83 following a report from Bloomberg that the company has won an appeal in its FTC antitrust case.
According to CNBC, Airbnb plans to confidentially file for an IPO in August.
Here is how European equities closed out the day…
Gold hasn’t had the best of days…
Spot gold has plummeted $90 from $2027, down to $1937 after its recent surge higher.
Boeing has reported no new orders for and 43 cancellations for the Max in July.
However, Boeing shares are up 5% today as the aviation industry gets a lift on data showing commercial flights are increasing.
Its shares are flying, currently trading at $185.15, up 3.20%.
See what I did there ;).
Penn Stock is trading higher again after last weeks positive Q2 earnings report. Yesterday saw a pullback but it’s up 3% so far today at $46.74.
Southwest Airlines shares are up 4.34% at $36.54 as airline stocks trade higher after data yesterday showed an increase in travellers in August.
Bears right now…
The FTSE 100 has climbed 2.55% higher so far today despite UK jobs data showing that total job losses from March to July reached 730,000.
The FTSE 100 is currently trading at 6,205.
…And, as I type this, retailer Debenhams has announced that it plans to cut 2,500 jobs.
So, Putin says that Russia has registered the first coronavirus vaccine…
They claim to have already received 1 billion overseas requests for it.
Centamin’s share price has plunged 4.92% to 208.6p after gold prices fell 2% today.
Actual Experience Plc +25%
SDL Plc +14%
Ted Baker +10%
Aston Martin Lagonda +8%
Carnival’s share price is up 5.08% so far today, trading at 1018.2p.
A very strong start!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .