Stock Market Live Updates 25/08 – SBUX Stock Climbs

As it happens:

Latest21:05
US Equity Closing Prices

Dow Jones -0.21% 28,248

S&P 500 +0.36% 3,443

Nasdaq +0.76% 11,466

Have a good evening people!

20:50
US Stock Movers

As we approach the close of the US session, here are the stocks that have made the biggest moves today…

Gainers:

Pioneer Power Solutions +48%

FTS International +42%

Keros Therapeutics +28%

Losers:

Sonnet Biotherapeutics -20%

Children’s Place Inc -19%

YRC Worldwide -17%

20:00
Starbuck Shares (SBUX)

$SBUX

Starbucks shares are on a little run today, currently up 4.72% at $82.39 after its stock was upgraded to a buy by Stifel with a price target of $90.

19:57
American Airlines

$AAL

American Airlines says it will layoff or involuntarily furlough 19,000 employees unless the airline industry can get more help from Congress.

Yikes!

16:41
European Equities Close

FTSE 100 -1.11%  6,037

DAX -0.04%  13,060

EURO STOXX 50  -0.02%  3,331

European indexes give up their earlier gains and the majority finish down for the day.

15:50
DraftKings Stock

$DKNG

Shares of DraftKings are up 9.47% at $39.20.

Yet to see any news on why it has jumped.

14:53
US Equities

Dow Jones +0.04%  28,319

S&P 500     +0.05%  3,433

Nasdaq       -0.23%    11,353

13:42
Urban One (UONE)

$UONE

Shares of multimedia company Urban One have soared premarket on increasing volume.

It is currently trading 62% higher at $6.74 per share. The stock initially saw a surge back in June after BLM protests increased in the US. It had since fallen but is rising once more on the back of renewed protests as media company’s such as Urban One follow the demonstrations.

12:21
European Equities Update

FTSE 100                +0.13%

DAX                         +0.69%

EURO STOXX 50  +0.77%

10:40
Apple

$AAPL

Apple Plans to start selling online in India next month.

10:26
European Stock Gainers

Next Fifteen Communications +17%

DFS Furniture +15%

Arrow Global +14%

Gapwaves  +9%

Weng Fine Art +9%

Cineworld +6%

10:20
Exxon - Dow Jones

Here is more on the Exxon and Dow story…

• In total three stocks were swapped for the second time in a decade.
• Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer, and Honeywell International will replace Raytheon Technologies.
• S&P Dow said the changes were “prompted” by Apple’s 4-for-1 stock split which will help to offset the reduction in the indexes tech-sector weighting.

 

08:45
DFS Furniture Share Price

DFS shares have surged after the company said they have seen strong demand for sofas since the lockdown has eased.

DFS shares are currently trading at 172.6p, up 15.07%.

08:41
European Equities

FTSE 100                   +0.62%  6,142

DAX                            +0.75%   13,164

EURO STOXX 50     +0.95%  3,363

07:37
Morning Preview

Good morning people…

• Asian markets were mostly higher overnight with the Nikkei closing at +1.35%. The ASX closed up by +0.52%.
• Exxon has been kicked out of the Dow Jones Industrial Average after nearly 100 years to make way for Salesforce.com
• US and China trade representatives spoke yesterday regarding the phase 1 trade deal implementation. Both sides see progress.
• The US dollar is down slightly against most other major pairs this morning, with the EURUSD up 0.14% and the GBPUSD up 0.17%.
• On today’s calendar, we have already seen German GDP come in slightly higher than expected. US consumer confidence data is to be released at 3 pm.
• Names on the earnings calendar include Best Buy, Salesforce, HP, Scotiabank, Urban Outfitters, Medtronic, and Heico.