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Stock Market Live Updates 30/10 – Twitter Stock Plummets 20% After Missing Growth Expectations

Updated: 30 Oct 2020
Wall Street Market Updates

latest updates

Latest 19:57
The Week Closes in The Red...

DOW          -0.59%

S&P            -1.15%

NASDAQ  -2.45%

 

19:21
Cruise Stocks Jump After CDC Ruling

The Miami Herald is reporting that the CDC lifted its ban saying that cruise companies can restart once they prove COVID-19 protocols work.

Cruise stocks have jumped:

Carnival Corp +6.93%

Norwegian Cruise Line  +6.28%

Royal Caribbean  +5.11%

 

16:35
European Stocks Mixed

FTSE 100      +0.01%

DAX                -0.35%

STOXX 50     -0.03%

IBEX 35         +0.61%

CAC 40          +0.54%

1521
Twitter -20%

14:36
US Equities Continue To Slide

It’s set to be the worst week for the Dow, S&P, and Nasdaq since March. So far today the Dow is currently at -1.47%, the S&P is at -1.52% with the Nasdaq down -2.38%.

The fall has been aided by the fall in most tech stocks:

Apple  -5.63%

Amazon  -3.77%

Facebook  -5.91%

Alphabet +4.9%

Netflix -3.55%

Twitter  -19.70%

13:58
Hertz Delists From NYSE

Hertz today announced that its common stock will start trading on the over-the-counter stock market under the ticker symbol HTZGQ.

Following Hertz filing for Chapter 11 bankruptcy, the NYSE deemed that it was no longer suitable for the company to trade on the NYSE.

13:45
Under Armour Stock Surges

$UAA

Under Armour stock has jumped 5.73% to $14.58 after the company’s earnings and sales topped analyst estimates as consumers snapped up the brand’s footwear and workout clothing during the coronavirus pandemic.

Elsewhere, the company has confirmed it will be selling the MyFitnessPal app to investment company Francisco Partners for $345 million. Under Armour acquire the company for $475 million around 5 and a half years ago.

13:41
US Indices Lower

DOW          -0.37%

S&P            -0.56%

NASDAQ  -1.06%

 

10:36
Twitter Shares Fall

Twitter shares are down 14.21% at $44.98 premarket after the company missed third-quarter user growth expectations.

09:19
Marsh & McLennan

The biggest mover in UK stocks so far today is Marsh & McLennan (LON: MHM) after the company reported its third-quarter results yesterday.

The company revealed a third-quarter EPS rise to $0.62 from $0.59 and Adjusted EPS increase of 6% to $0.82.

Its shares are currently up 28.46% at 104p.

09:00
Earnings

Here’s a roundup of yesterday’s major earnings…

Apple Q4 EPS $0.73 vs. $0.70 Est

Twitter Q3 EPS $0.19 Adj. vs. $0.06 Est

Starbucks Q4 EPS $0.51 Adj. vs. $0.31 Est

Facebook Q3 EPS $2.71 vs. $1.91 Est

Alphabet Q3 EPS $16.40 vs. $11.29 Est

Amazon Q3 EPS $12.37 vs. $7.41 Est

08:15
European Equities Begin Lower

FTSE 100    -0.51%

DAX             -0.88%

STOXX 50  -0.78%

IBEX 35      -0.26%

CAC 40       -0.65%

07:45
Preview

Good morning…

– APAC markets traded lower with the ASX closing down 0.55% and the Nikkei down 1.52%

-Despite positive earnings for Apple, Alphabet, Amazon, Facebook and Twitter, the optimism on Wall Street faded

-Warren Buffet backed BYD Company’s Q3 earnings rocketed as China’s electric vehicle sales bounce back.

-In FX markets the US dollar has seen a small amount of weakness overnight

-On today’s economic calendar we have German, Italian, Spanish and EZ GDP, EZ inflation, Canadian GDP, and US personal income and spending.

-On the earnings calendar we have names including Under Armour, ExxonMobil, Abbvie, Chevron, Honeywell and Altria

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