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 -2.79% 28,289
S&P 500 -3.46% 3,456
NASDAQ -4.96% 11,458
Ouch, tough day for both US and European equities.
That’s all from me today, have a good evening!
Vuzix shares are trading 20% higher at $4.83 after the company announced it has entered into an agreement with a new major defence contractor to develop a customised waveguide solution.
FTSE 100 -1.48% 5,853
DAX -1.42% 13,054
STOXX 50 -1.02% 3,303
Tough day, after such a bright start.
The Nasdaq has continued to fall and is now down 3.22% at 11,670.
DOW -0.22% 29,035
S&P 500 -0.92% 3,548
NASDAQ -1.89% 11,827
Kensington Capital Acquisition Corp shares are up 69% at $17.90 premarket after auto-battery maker Quantumscape announced earlier that it will go public through a SPAC merger with the company which IPO’d in June . This is the 6th EV sector SPAC deal since June – via @HammerstoneMar3
Tesla shares are currently down 5.73% pre-market at $421.75 per share.
Orosur Mining Inc +45% – Company announces Colombia Update
Valirx +19% – VALIRX SHARE PRICE SURGES ON SHARE UPDATE
Asa International +14%
DXC Technology +12% -Topsail Re Selects DXC Technology’s End-to-End Reinsurance Administration Platform
NCC Group +5% – Company posts lower pre-tax profit
FTSE 100 +0.81% 5,988
DAX +1.44% 13,434
STOXX 50 +1.46% 3,386
European indexes picking up where they left off.
Good morning people…
-Asian markets traded mixed (yet again) with the Nikkei and ASX closing higher, and Chinese bourses and the Nifty 50 currently trading lower.
-Dr Fauci of the NIH said that a COVID-19 vaccine could be ready by November or December based on vaccine trial enrolment rates.
-Yesterday saw Apple and Tesla stock close lower while Draftkings shares spiked after an announcement that Michael Jordan is joining as a special advisor.
-In FX markets ECB officials are concerned with a strengthening euro. But, they may not need to worry just yet as the dollar has continued to strengthen this morning.
-On today’s calendar, we have EZ retail sales, Canadian and US balance of trade data, and US initial jobless claims. BoE Gove Bailey and the Fed’s Evans will be speaking later today.
-Names on the earnings calendar include Designer Brands, Barnes & Noble, Signet, Oxford, Broadcom and DocuSign.
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