Stock Market Updates 13/08 -Lyft Stock Plunges

As it happens:

Latest21:05
US Markets Close

The markets have closed…

• Dow Jones  -0.29%   27,896
• S&P 500      -0.22%   3,372
• Nasdaq        +0.27%  11,042

A red day…

So, who’s buying the dip?

Anyway, that’s it from me. I’ll be back bright and early, have a good evening!

 

20:58
Lyft Stock Plummets

Lyft Stock looks set to close over 5% lower ar $28.88 after the company reported worse than expected Q2 EPS results.

20:19
Apple To Launch TV+

$AAPL

Apple is reportedly set to launch a bundle of Apple TV+, Showtime, and CBS All Access through its Apple TV platform.

Apple shares are currently trading 1.72% higher at $460 per share.

18:49
DataDog

$DDOG

DataDog stock is trading 7% higher at $82.48 after rumours that Salesforce has made an offer to acquire the company in an all-stock transaction

16:43
Tortoise Acquisition Shares (SHLL)

$SHLL

Tortoise Acquisition shares are up13.92% at $22.67 after earlier news that the company is to add former White House Chief of Staff and Secretary of Transportation, Andrew Card to the board.

15:55
Penn Stock

Penn’s share price has surged after Goldman Sachs initiated coverage on the stock with a Buy rating and set a price target of $60 per share.

It is currently trading at $53.09, up 6.69%

14:37
US Equities

• Dow Jones  -0.34%   27,881
• S&P 500      -0.13%    3,376
• Nasdaq        +0.50%  11,067

14:28
Tesla Shares Up

Tesla shares are up 3.55% premarket at $1,610.

12:20
European Equities Lunchtime Update

• FTSE 100  -1.03%
• DAX  -0.19%
• Euro STOXX 50  -0.22%

10:49
Cisco Shares Down Premarket

$CSCO

Cisco shares are down over 6% premarket after its earnings forecast missed estimates.

Its currently trading at $45.04.

10:45
EasyJet Share Price Falls

EasyJet shares have tumbled along with other airlines after the IATA said European air passenger numbers are expected to be down 60% in 2020.

10:30
TUI Share Price

TUI’s share price has tumbled more than 7% today…

Here is why: TUI SHARE PRICE PLUNGES OVER 7% ON €1.4 BILLION LOSS

09:38
European Market Movers

Dignity plc +22%

Tops Tiles +17%

Watches of Switzerland +17%

Aurelius Equity Opportunities +14%

SMA Solar Technology +12%

Fuller, Smith & Turner +6%

08:35
European Equities

• FTSE 100                    -1.07%  6,212
• DAX                             -0.18%  13,035
• EURO STOXX 50      -0.19%  3,356

07:40
Morning Preview

Good morning people…

• Asian markets traded mostly positive with the Nikkei closing +1.78% higher.
• Australian unemployment data overnight came in lower than expected, with the employment change beating estimates.
• The US stimulus deal hasn’t made any further progress with House Speaker Pelosi stating that the White House is not budging from their position.
• The USD has weakened so far today with the EUR/USD and GBP/USD both trading higher.
• On today’s calendar, we have already seen German inflation data that came out as estimated, and we also have US initial jobless claims later today.
• Names on the earnings calendar include Tapestry, Wesco, Brookfield, Myriad, Applied Materials, and MSG+