Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 150 points on Friday.
The Dow traded down 0.88% to 30,688.38 while the NASDAQ fell 1.38% to 11,393.33. The S&P 500 also fell, dropping, 1.12% to 3,857.63.
Also check this: Volatility In Markets Increases As Nasdaq Tumbles 200 Points
Leading and Lagging Sectors
Utilities shares climbed 0.1% on Friday. Meanwhile, top gainers in the sector included Azure Power Global Limited (NYSE:AZRE), up 8% and TransAlta Corporation (NYSE:TAC) up 3%.
In trading on Friday, industrials shares fell by 2.1%.
Top Headline
FedEx Corp (NYSE:FDX) issued preliminary results.
The company said it now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. FedEx has withdrawn its fiscal year 2023 earnings forecast. The company expects business conditions to weaken further in the second quarter.
Equities Trading UP
Equities Trading DOWN
Also check out: Fear Among US Investors Is Increasing, Here's Why
Commodities
In commodity news, oil traded up 1.1% to $86.00, while gold traded up 0.6% at $1,687.60.
Silver traded up 0.9% to $19.45 on Friday while copper rose 0.6% to $3.5110.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 1.17%, London’s FTSE 100 fell 0.29%, while Spain’s IBEX 35 Index fell 1.05%. The German DAX declined 1.3%, French CAC 40 fell 0.93% and Italy’s FTSE MIB Index slipped 0.86%.
Annual inflation rate in the Eurozone increased to a record of 9.1% in August, up from 8.9% in the previous month. Passenger car registrations in the European Union jumped 4.4% year-over-year to 650,305 units during August.
The annual inflation rate in Italy accelerated to 8.4% in August, recording the highest level in over 36 years. Italy recorded a trade deficit of EUR 0.361 billion in versus a year-ago surplus of EUR 8.575 billion. Retail sales in the UK fell 1.6% month-over-month in August, recording the biggest drop so far this year.
Economics
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 97,430,410 cases with around 1,078,010 deaths. India confirmed a total of at least 44,522,770 cases and 528,270 deaths, while France reported over 34,831,390 COVID-19 cases with 154,640 deaths. In total, there were at least 616,221,110 cases of COVID-19 worldwide with more than 6,526,110 deaths.