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Stock Market Updates 20/08 – Lyft Stock Moves Higher After Fall

Updated: 22 Mar 2021

Latest 21:07
US Equities Close

  • Dow Jones  +0.17%  27,793
  • S&P 500  +0.32%  3,385
  • Nasdaq  +1.06%  11.264

US equities ignore the fall in European markets and finish higher for the day. I told you it looked like we could see a turnaround!

Have a good evening all.



Uber and Lyft have won a last-minute reprieve to allow them to continue operating as gig companies in California.

Earlier Lyft had threatened to suspend operations in the state if the court order was upheld.

Both Lyft and Uber’s share price closed over 5% higher after the news.

Tesla Shares Up (Again)

Tesla’s share price has climbed another 6% higher today. It briefly touched the $2,000 level before retracing back down to where it is now trading at $1,991.

$LYFT To Suspend Operations In CA

Lyft has announced that at 11:59 pm PDT today, its rideshare operations in California will be suspended in response to a court order that says employees need to be classified as employees and not contractors.

Lyft shares are currently down 8.49% at $25.75.

Update 19:32: Lyft’s share price has staged a turnaround and is now trading 1% higher on the day, trading at $28.44.

European Equities Close

  • FTSE 100                 -1.57%  6,016
  • DAX                          -1.16%  12,827
  • EURO STOXX 50   -1.29%  3,274

So, European indices close the day lower. However, US indices look like they could stage a turnaround. The Nasdaq and S&P 500 are now up on the day with the Dow down just 0.02%

American Airlines

American Airlines shares are down over 2% at $12.40 after the company announced they will be suspending service to 15 small US cities in October after the terms of its federal air requiring the flights expires.

US Equities Lower On Open

  • Dow Jones  -0.43%  27,575
  • S&P 500  -0.28%  3,366
  • Nasdaq -0.02%  11,143

It’s looking like a day for bears, especially in European equities, although there is still time for a turnaround.

OpGen Stock Surges

OpGen Stock has jumped higher and is currently trading at $3.18, +55%. Here is the full story…


European Equities Update

  • FTSE 100  -1.48%
  • DAX   -1.24%
  • EURO STOXX 50  -1.29%


BP Shares Fall

BP shares are down 1% to 280.55p as oil prices slip.

Intel Shares Rise

Intel Corp shares are up 3.85% at $50.19 premarket after the company initiated a $10 billion share buyback plan.

European Stock Movers

7Digital +42%

Redx Pharma +21%

Amigo Holdings +20%

The Fulham Shore +13%

Frasers Group +15%

Lleidanetworks Serveis +5%


European Equities

  • FTSE 100                     -0.68%  6,070
  • DAX                              -0.89%  12,861
  • EURO STOXX 50      -0.98%   3,286

As expected European equities start the day lower.

Morning Preview

Morning all…

  • Asia-Pacific markets closed lower with the ASX closing down 0.77% and the Nikkei closing 1% lower. It’s looking as though we could see another risk-off day.
  • The risk-off sentiment followed the release of the FOMC minutes yesterday evening where they said that they expect the coronavirus will continue to ‘weigh heavily’ on the economy.
  • US and China trade negotiators plan to confer by video in the coming days regarding the Phase One trade deal according to a report in the WSJ.
  • On today’s calendar, we have the ECB monetary policy meeting minutes, initial jobless claims, and UK-EU Brexit talks will be ongoing. Speakers include the BoC’s Beaudry and the Fed’s Daly.
  • Names on the earnings calendar include Alibaba, GAN, Estee Lauder, Keysight Technologies, and Cresco Labs.

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