Stock Market Updates 17/08 – Rackspace Stock Jumps After AMZN Investment Report

As it happens:

Latest21:04
US Markets Close

• Dow Jones  -0.31%  27,845
• S&P 500  +0.30%  3,383
• Nasdaq  +1.00  11,129

Have a good evening all!

20:44
Nvidia Shares

Nvidia shares are having a great day, up 6.55% at $492.85 after Wells Fargo maintained an overweight rating on the stock and raised its price target to $510.

20:28
Tesla

Tesla shares have hit session highs again and moved to a record level $1836.

19:58
Apple/Epic Games

Epic Games says that Apple will cut off its app development account on August 28th according to a tweet from @zerohedge

19:12
US Stock Performance

Here is how US stocks are performing so far today…

17:40
Tesla Stock

Tesla’s share price has hit all-time highs, touching $1796.

17:07
Rackspace Stock

Rackspace stock is up 13% at $18.86 after Reuters reported that Amazon is to invest in the company.

16:58
EasyJet Shares

EasyJet shares fell 4.59% to 544.6p today after the company announced it is cutting up to 670 jobs and plans to close bases at Stansted, Southend, and Newcastle.

The airline industry just can’t catch a break.

16:50
European Equities Closing Prices

• FTSE 100  +0.62%  6,127
• DAX   +0.11%  12,915
• EURO STOXX 50  +0.03%  3,305

Not a massive move, but green is green!

16:20
Barrick Gold Share Price Surges

Barrick’s share price is up at $30.08, +11.41% after Warren Buffet’s investment in the company, here is the full story…

BARRICK GOLD SHARES SURGE AFTER WARREN BUFFET INVESTMENT

16:17
Nikola Share Price Plunges

Nikola Corporation’s share price is down -5.87% at $43.26.

14:59
US Equities

• Dow Jones -0.19%  27,877
• S&P 500     +0.29% 3,382
• Nasdaq       +0.85%  11,112

14:57
TRACON Pharmaceuticals

TCON shares are trading 25% higher at $2.14 after the company announced it received FDA clearance for its ENVASARC Pivotal Trial.

12:20
Lloyds Price Target

Lloyds Banking Group’s price target has been cut by Deutsche bank from 34p to 32p per share.

Its share price has fallen -0.4% today to 28.83p.

12:18
European Equities Lunchtime Update

• FTSE 100  +0.53%
• DAX  +0.14%
• EURO STOXX 50  +0.01%

12:16
Amazon Investigated

Amazon is being investigated by the German Federal Cartel Office for abusing its market dominance during the pandemic according to CNBC.

10:09
Apple

Apple is expected to launch the iPhone 12 in October according to reports.

10:01
European Market Movers

[email protected] +56%

Altus Strategies +18%

Verona Pharma +14%

OSE Immuno +11%

Midwich Group +9%

Marston’s -3%

 

08:32
European Equities

• FTSE 100                     +0.37%  6,112
• DAX                               +0.34% 12,944
• EURO STOXX 50       +0.26%  3,313

07:50
Morning Preview

Morning traders…

• Asian markets were mixed with the ASX and Nikkei both closing lower while the Hang Seng is trading up over 1%.
• The US-China trade review has been delayed, or so they say!
• In FX markets the US dollar has weakened with both the euro and GBP trading higher against it this morning.
• Novavax is reported to be starting its coronavirus vaccine Phase 2 trial.
• Tesla’s China car registrations hit 11,623 units in July, down from the 15,529 units in June.
• On today’s calendar, is very little, Bundesbank’s Beermann is the only thing to watch out for.
• A few names on the earnings calendar include Cellcom, Nordic American Tankers, America’s Car-Mart, and Arco.