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.
S&P 500 +0.89%
As we head into the final half an hour of trading US equities are trading positively after US President Trump called for a larger coronavirus stimulus package.
S&P 500 +0.92%
Trump has said that he wants more stimulus than either side is offering.
A tweet from @Drew_Hammill, US Deputy Chief of Staff for house democratic leader Nancy Pelosi says that Pelosi and Mnuchin spoke for just over 30 minutes, with Pelosi concerned about the lack of a plan to “crush the virus”.
So, an update on the US stimulus package after some news in the last hour…
-Around half an hour ago news broke that Trump approved a revised stimulus package
-Apparently, he met with Mark Meadows and Steven Mnuchin
-Trump then tweeted saying that “Covid Relief Negotiations are moving along. Go Big!”
-Kudlow said that Mnuchin is to meet with Nancy Pelosi to work on the “final touches”.
-Kudlow said the package would include Airlines, PPP, and aid for small businesses.
-According to the Wall Street Journal, Mnuchin is to present Pelosi with a $1.8 trillion aid counteroffer
FTSE 100 +0.65%
STOXX 50 +0.49%
IBEX 35 -0.61%
CAC 40 +0.71%
Alphabet (Google) +1.18%
$SPTN: +25.09% $21.29
SpartanNash shares are up 25% after the company disclosed that it issued warrants to Amazon (NASDAQ: AMZN) as part of a commercial agreement with the company.
As part of the agreement, the company has issued to Amazon.com NV Investment Holdings LLC a warrant to purchase up to an aggregate of 5.4 million shares in the company.
Via Seeking Alpha
$VVPR: +35% $13.67
VivoPower International stock has rallied premarket after the company announced that it has signed a definitive agreement to acquire a 51% shareholding in Tembo e-LV.
Sanchez Midstream Partners +197.30% – SANCHEZ MIDSTREAM SHARES SURGED 280% TODAY, HERE’S WHY
US Well Services +73.93%
Medigus +50% – MEDIGUS (MDGS) STOCK SURGES, HERE’S WHY…
“Cloud company, Extreme Networks (NASDAQ: EXTR) has provided an update on its Q1 2021 earnings outlook sending its stock price surging premarket.”
Marston’s shares are up 18% at 49p per share after the company announced that the Competition and Markets Authority have cleared the company’s proposed £780 million joint venture with Carlsberg.
The transaction will be completed at the end of October 2020.
“Shares of Gfinity PLC (LON: GFIN) have surged 31.3% after the company announced that it was looking for a potential buyer. The international esports company based in London decided to start the sales process given its progress over the financial year ended June 30, 2020.”
Rolls-Royce shares are up another 24% so far today at 242.80p. Its share price has gained over 100% in the last week.
Rolls-Royce has seen heavy buying in the past week after with one senior investment analyst saying that investors are on a bargain hunt. A recent article by a research company also cited Rolls-Royce’s role in the transition to clean energy.
-Asia-Pac markets traded mixed overnight
-GameStop shares skyrocketed yesterday, closing 44% higher after announcing a multi-year partnership with Microsoft
-Reports have stated that US President Trump said he is open to a broader relief deal
-Saudi Arabia is reportedly considering cancelling OPEC plans to boost oil output
-In FX markets risk currencies are trading positively this morning, despite a slight pullback
-On today’s calendar we have Canadian employment numbers and US wholesale inventories
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