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 -1.18%
US stocks take a tumble.
Tesla stock has rallied over 6% today after analyst’s boost price targets and investor’s position themselves ahead of next week’s battery event.
LVMH confirms that earlier today, immediately after receiving approval to proceed by the European Commission, it has submitted the proposed acquisition of Tiffany for antitrust review.
Shares of Westport Fuel Systems (NASDAQ: WPRT) rallied as much as 49.4% after the company announced that its Weichai Westport Inc. Chinese joint venture had received certification for its 2-liter “HPDI 2.0” engine from the Ministry of Ecology and Environment of China
Unity Software indicated to open at the mid $70. Its IPO is priced at $52.
FTSE 100 -0.76%
STOXX 50 -1.01%
US indices have fallen with the Nasdaq now down 0.61% and the S&P 500 down 0.40%.
$SNOA: +16% $8.69
Sonoma Pharmaceuticals Inc (NASDAQ: SNOA) today surged 27.2% after announcing that its partner, MicroSafe Group had received approval from Health Canada the Nanocyn disinfectant and sanitizer
S&P 500 -0.04%
$PIC +18.09% $12.50
Pivotal Investment Corp stock is up 18% premarket after XL Fleet announced a deal to merge with the SPAC firm.
Fusion Antibodies stock is up over 100% today after the company revealed that laboratory studies of its antigens have a 100% correlation with clinical data form patients infected with SARS-CoV-2.
Here is the full story…
CNBC has reported that Trump is set to block US downloads of TikTok and WeChat on Sunday.
The US Commerce Department said that users will still be able to use the apps but updates will not be available.
This may mean that the Oracle-TikTok deal won’t be completed in time, but there has been no clarification just yet.
$SAVA: (Premarket) +27.64% $$9.08
Cassava Sciences stock is up 28% premarket after the company reported that its CFO, Eric Schoen bought 12,000 shares on the 17th of September at an average price of $7.03 per share, with the total cost coming to $84,360.
Investec shares have plummeted 3% so far today, currently trading at 134p per share…
Here’s how some of the European equities are performing so far today…
FTSE 100 -0.55%
STOXX 50 -0.32%
-Asian equities traded mostly positive overnight
-Reports are stating that the TikTok-Oracle deal has been accepted by President Trump
-Some are also saying that TikTok may launch an IPO if the deal goes through
-It’s quad witching, which refers to a once in a quarter date where stock index futures, stock index options, stock options and single stock futures expire.
-On today’s calendar, we have seen UK retail sales data released already, to come there is a speech from the ECB’s Guindos and Canadian retail sales
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