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 Jones +0.57% 28,492
S&P 500 +0.20% 3,485
Nasdaq -0.34% 11,625
Have a good evening all.
Walmart’s stock price is up 4.52% at $136.61 after today’s earlier TikTok news (see below).
Energy companies have shut 84% of oil production in the Gulf of Mexico due to hurricane Laura. via @DeltaOne
FTSE 100 -0.65% 6,006
DAX -0.70% 13,097
STOXX 50 -0.79% 3,330
Walmart says it is teaming up with Microsoft on TikTok bid.
Walmart shares have spiked up 2.85% to $134.43
The S&P briefly crossed the 3,500 level for the first time…
Currently trading at 3,494.
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.
TikTok sale to Microsoft could come in the next 48 hours: CNBC
Dow Jones +0.37% 28,436
S&P 500 +0.07% 3,481
Nasdaq -0.26% 11,634
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).”
FTSE 100 -0.30%
STOXX 50 -0.59%
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.
OneSavings Bank +16%
Scancell Holdings +14%
GEA Grenoble.Elect. +14%
BATM Advanced Communications +12%
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.
FTSE 100 -0.36% 6,024
DAX -0.20% 13,164
STOXX 50 -0.35% 3,344
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.
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