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 -2.25% 27,501
S&P 500 -2.76% 3,332
NASDAQ -4.11% 10,847
Just to add, $TSLA closed 21% lower, $GOOGL down 3.6%, and $AAPL closed 6.7% lower.
Stocks took a beating today particularly Tesla.
Anyway, that’s all from me, have a good evening people!
Slack Stock is up 1.48% at $29.50 as we approach the close. The company is reporting its earnings after the market closes.
Apple has reacted in its legal battle with Epic Games, filing counterclaims saying that the gaming company has breached its contract with Apple: Via CNBC
GENERAL MOTORS IN PACT WITH UBER
GM TO OFFER $ DRIVERS SPECIAL PRICING ON NEW EV PURCHASES: Via Twitter @DeltaOne
Co Diagnostics shares are up 35% at $11.16 after the company announced that it has entered into an agreement with Arches Research, Inc, a CLIA laboratory and subsidiary of Polarity TE, Inc, (Nasdaq: PTE), to expand Arches’ COVID-19 testing services using Co-Diagnostics’ Logix Smart™ COVID-19 test kit.
FTSE 100 -0.18% 5,926
DAX -1.01% 12,968
STOXX 50 -1.38% 3,268
DOW -1.21% 27,793
S&P 500 -1.85% 3,363
NASDAQ -3.27% 10,94
Nikola shares have surged 31% to $46.85 per share premarket after General Motors announced it is taking an 11% share in the electric vehicle company. The deal is worth around $2 billion.
General Motors shares are up 4.93% premarket at $31.48.
For any of you, BTC traders out there…
i-nexus Global (INX) +70% – I-NEXUS GLOBAL (INX) SHARE PRICE SOARS AFTER SALES BOOST
Hydrogen Group (HYDG) +35%
Worldsec LD +33%
Fuji pharma (FUP) +25%
ToqueBlancheMonde (MLTBM) +21%
Yoc (YOC) +14%
Tesla shares are down 7.56% pre-market at $386.68 per share.
It seems stocks go down as well, who would have thought!
FTSE 100 +0.47% 5,965
DAX -0.11% 13,085
STOXX 50 -0.18% 3,308
Good morning all…
-Asia-Pacific markets performed positively. The Nikkei closed 0.81% higher while the ASX closed at +1.06%.
-US President Trump has raised the prospect of “decoupling” the US economy from China.
-In Brexit news, the UK’s chief negotiator has called for “realism” from the EU.
-In FX markets the USD has shown some weakness so far this morning.
-On today’s calendar, we have seen Germany’s balance of trade come in lower than estimated while still to come there is France’s balance of trade, Italian retail sales and EZ Q2 GDP 3rd est.
-Names on the earnings calendar include Slack, Lululemon, Napco, Coupa and Health Equity.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % 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 .