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Live reporting

Stock Market Live Updates 27/08 – Walmart Stock Up 4% On TikTok News

1 month ago

As it happens:

Latest21:02
US Markets Close

Dow Jones  +0.57%  28,492

S&P 500  +0.20%   3,485

Nasdaq   -0.34%  11,625

Have a good evening all.

20:49
Walmart Stock Up 4%

$WMT

Walmart’s stock price is up 4.52% at $136.61 after today’s earlier TikTok news (see below).

19:17
US Oil Companies

Energy companies have shut 84% of oil production in the Gulf of Mexico due to hurricane Laura. via @DeltaOne

16:46
European Markets Close

FTSE 100  -0.65%  6,006

DAX  -0.70%  13,097

STOXX 50  -0.79%  3,330

16:23
Walmart $WMT

$WMT $MSFT

Walmart says it is teaming up with Microsoft on TikTok bid.

Walmart shares have spiked up 2.85% to $134.43

16:20
S&P 500

The S&P briefly crossed the 3,500 level for the first time…

Currently trading at 3,494.

15:19
Quidel Corp Stock Crashes

$QDEL

Quidel stock has dropped almost 40% to $139 after its competitor Abbot announced it has won US marketing authorisation for a COVID-19portable antigen test that can deliver results in 15 minutes and sells for under $5.

$ABT, Abbott stock is up 7% at 110.83.

15:02
TikTok - Microsoft

$MSFT

TikTok sale to Microsoft could come in the next 48 hours: CNBC

14:39
US Equities

Dow Jones +0.37%  28,436

S&P 500  +0.07%  3,481

Nasdaq  -0.26%  11,634

13:27
VBI Vaccines (VBIV)

$VBIV

VBI Vaccines stock is up+37% at $4.40 after Raymond James upgraded to Strong Buy “following a first look at data for VBI’s COVID-19 vaccine, which simply looks like it could be the best vaccine of them all (including all of the first movers and Operation Warp Speed members).”

12:24
European Equities Update

FTSE 100  -0.30%

DAX  -0.39%

STOXX 50  -0.59%

 

11:51
Byotrol Share Price Plummets

Byotrol (BYOT) shares plummeted down from 8.65p to 4.45p before sharply retracing back to 8.60p.

We are yet to see any stock-specific news.

11:33
European Stock Gainers

SDL +40%

OneSavings Bank +16%

Scancell Holdings +14%

GEA Grenoble.Elect. +14%

BATM Advanced Communications +12%

08:59
SDL Share Price

SDL’s share price has skyrocketed over 40% higher to 870p per share after the language-translation specialist’s board agreed to a takeover by RWS Holdings.

The deal will see SDL shareholders receive 1.2246 new RWS shares for every SDL share they own.

The deal values each SDL share at 741p, around £854 million in total.

08:30
European Equities

FTSE 100  -0.36%  6,024

DAX   -0.20%  13,164

STOXX 50   -0.35%  3,344

07:44
Morning Preview

Good morning people…

-Asia-Pacific markets traded mixed overnight with the Nikkei closing down by -0.35% and the ASX closing +0.16% higher.

-Yesterday China fired four missiles into the South China Sea, with a US official commenting that US actions in the South China Sea are a mere start.

-EU Trade Chief, Phil Hogan has stepped down after criticism that he broke virus regulations in his home country of Ireland.

-TikTok faces government restrictions in the UK. Its chief, Kevin Mayer has quit after US President Trump threatened to ban the app.

-On today’s calendar, we have US GDP, US initial jobless claims, and Fed Chair Powell is speaking at 14:10pm.

-And finally, on today’s earnings calendar, some of the names include Dollar Tree, TD, Abercrombie & Fitch, Dell, HP, VMware, Dollar General and Workday.