US stock markets were mixed on Friday morning as the 10-year yield retreated from its highest level in a year.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
Ek: DJI | DOW JONES AVERAGE | 31201.82 | -200.19 | -0.64% |
SP500 | S&P 500 | 3823.32 | -6.02 | -0.16% |
I: COMP | NASDAQ COMPOSITION INDEX | 13139.772544 | +20.34 | + 0.16% |
The Dow Jones industrial average fell 47 points, or 0.15%, while the S&P 500 and the Nasdaq Composite were up 0.39% and 0.89%, respectively.
10-year Treasury in focus
The mixed trade comes as the 10-year yield fell by 4 basis points to 1.47%, a day after closing at 1.51%, the highest level in a year. The recent rise in bond yields has caused panic among investors worried about the return of inflation. Strategists have suggested that the ten-year move above the 1.5% level, which is equal to the dividend yield of the S&P 500, could put more pressure on equities.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
JNJ | JOHNSON & JOHNSON | 159.87 | -3.00 | -1.84% |
If we look at equities, Johnson & Johnson’s COVID-19 vaccine is expected to receive approval from a food and drug administration panel, paving the way for distribution to begin next week.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
GME | GAMESTOP | 128.99 | +19.84 | + 18.18% |
It has been indicated that GameStop Corp. shares would open higher after rising 142% over the past two sessions. Other stocks that were subject to increased volatility, such as AMC Entertainment Holdings Inc., Bed Bath & Beyond Inc. and Koss Corp., however, are experiencing more subdued trading activities.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.35 | +0.06 | + 0.78% |
BBBY | BED BATH & BEYOND INC. | 26.20 | -0.09 | -0.34% |
KOSS | KOSS | 19.26 | -2.27 | -10.54% |
Elsewhere, Twitter Inc. the plans set out to double revenue by 2023 with features such as fees and paid subscriptions for ‘super follow’, or access to exclusive content, from some accounts.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
TWTR | TWITTER INC. | 76.69 | +1.98 | + 2.65% |
In earnings, Salesforce.com Inc. reported revenue and revenue that exceeded expectations, but its full-year revenue forecast increased to below what Wall Street expected.
Ticker | Safety | Last | Alter | Alter% |
---|---|---|---|---|
DKNG | CONCEPTS | 59.19 | +1.38 | + 2.38% |
PENN | PEN NATIONAL GAMES | 113.24 | +3.55 | + 3.24% |
DraftKings Inc. reported pro-forma revenue, up 98% in the three months to December. It is supported by a favorable sports calendar and strong customer engagement. The sports betting platform has increased its revenue forecast for 2021 to between $ 900 million and $ 1 billion, compared to $ 750 million to $ 800 million. Other game shares in focus.
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In commodities, West Texas Intermediate crude slipped 97 cents to $ 62.56 a barrel and gold sank $ 16 to $ 1,759.40.
In Europe, Britain’s FTSE 100 traded 1.72% lower, while Germany’s French CAC 40 and DAX 30 were down 0.89% and 0.31%, respectively.
Markets were hit hard across Asia, with the Japanese Nikkei 225 down 3.99%, the Hong Kong Hang Seng index down 3.64% and China’s Shanghai Composite down 2.12%.