Wednesday: Stock markets regain confidence

by | 14 Feb, 2018

The bulls are reentering the market

Yesterday U.S. markets regained composure and finished higher by the end of the trading session. 9 of the 11 S&P500 sectors ended on a positive note led by financials, up 0.5 per cent. This will help to reduce investor anxiety for the time being, as long as another correction is not just around the corner! In individual stocks, Chipotle shares jumped in after-hours trading by 12 per cent after the company announced it was getting a new CEO, former head of Taco Bell Brian Niccol. Niccol turned around the fortunes of his former firm, revitalizing the brand after it faced its own food safety scares which Chipotle has also experienced. Baidu shares also rose over 4 per cent after the Chinese tech firm beat Wall Street expectations.

In Asia today, pressure was still on top of Japanese stocks with the Nikkei 225 finishing nearly 0.50 per cent lower, while India’s NIFTY50 also shed 50 points. Japan’s loss could be attributed to new data which showed economic growth slowed at the end of last year, with the economy expanding at 0.5 per cent against forecasts of 0.9 per cent. It should be noted however that the Bank of Japan still has a bullish outlook for the nations finances.

In Europe most indices opened higher today following the stronger American performance. The FTSE100 was one of the top risers here, led by Sky plc shares which gained over 3 per cent after the company extended its rights to broadcast the premier league until 2022, promising to show more matches than ever before.

Related: A sense of calm in the markets Monday.. but for how long?

Hot stocks for Wednesday – Sky and Chipotle rise!

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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