Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Dow Jones +0.62 % 26,552
S&P 500 +1.25% 3,258
Nasdaq +1.35% 10,542
A strong day for US equities.
That’s all from me for today, see you tomorrow!
A couple of the other electric vehicle manufacturers are moving higher as well…
Solo Electrameccanica is up 16%, while Ayro has had a small move of 4.41% higher.
Kandi Technologies stock has catapulted higher following a press release from the company that highlighted its formal launch of electric vehicles on the US market.
Kandi’s share price is up 138.5% at $9.23 per share.
A mostly green day for US stocks!
Fed Chair Powell has said that household spending appears to have recovered about half of earlier decline
He also said that the coronavirus pandemic has left a ‘significant imprint’ on inflation.
The Fed has kept interest rates at 0.25%…
For anyone interested in the full statement, here it is:
Blink Charging Co is up 37.74% so far today after the company announced it will collaborate with EnerSys to develop ‘high power inductive/wireless and enhanced DC fast charging systems with energy storage options for the automotive market.’
Just a reminder to all that there will be a Fed interest rate decision at 19:00 BST, and press conference at 19:30 BST.
Boeing shares are down -4.18% after the company reported a lower than expected Q2 EPS and sales results.
Boeing also announced it is cutting production on the 787 and 777 programs along with ending its 747 jet production.
Currently trading at $163
Tupperware Brands stock is trading 54% higher after the company reported better than expected Q2 EPS and sales results.
Currently trading at $15
Just a small update on Eastman Kodak $KODK…
They are now trading up 301.76%, down about 40% from the highs of the day.
Just a small move then!
$PENN stock has had a climb here. Currently up 9.01% at $36.19.
DDTG Global will be happy!
It’s a positive start for US equities…
Dow Jones +0.32% 26,464
S&P 500 +0.66% 3,239
Nasdaq +0.98% 10,503
I’m late with this one, I know, sorry…
FTSE 100 +0.31% 6,148
DAX -0.01% 12,834
EURO STOXX 50 +0.14% 3,308
DAX is letting the team down!
In reality, it’s mixed across Europe, with the IBEX 35 and FTSE MIB also down so far today.
Shopify’s share price has surged 8% premarket after the company reported better than expected Q2 EPS and sales results.
Eastman Kodak shares are trading higher premarket following comments from US President Donald Trump that the US had reached a “historic” deal with the company.
Loopup Group +10%
Sopra Steria +9%
Hargreaves Services +8%
Cineworld shares are down over 11% so far today.
It could be down to continued coronavirus spikes in the US delaying theatre openings.
FTSE 100 -0.18% 6,118
DAX -0.23% 12,805
EURO STOXX 50 -0.18% 3,297
Good morning everyone…
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