June 17, 2020 World Stock Exchanges

June 17, 2020 World Stock Exchanges

What happened on June 17 (today) in the United States and European stock exchanges? Which indices have appreciated and which indices have lost value?

UNITED STATES STOCK EXCHANGE

After the retail data came better than expected in May and there was a new progress in the corona virus outbreak, the US indices gained a positive atmosphere. The S&P 500 index rose 1.90 percent, the Dow Jones index 2.04 percent, and the Nasdaq index rose 1.75 percent. Lennar (LEN) reported a quarterly earnings per share at $ 1.64, with the consensus of $ 1.18 higher than expected. The income of the home, construction and real estate company was also higher than expected, and with the favorable atmosphere in the real estate market, the company stated that there was an improvement in house sales. Amazon.com (NASDAQ: AMZN) promoted the technology called “Distance Assistant”, which was designed by providing employees with real-time feedback on social distance. The app currently serves in several Amazon buildings. At the same time, the company is considering using open source for software. The European Union launched an antitrust investigation into the App Store and Apple Pay applications affiliated with Apple (NASDAQ: AAPL). The European Union is investigating whether the restrictions imposed by Apple have violated the competitive conditions. Despite this, Apple has announced that it adheres to the law in everything it applies and adheres to the rules of competition under all circumstances. Moreover, Citi, which based on different factors, has raised its price target up to $ 400 for Apple stock, based on different factors, including the 5G launch and serious development for wearable technology.

EUROPEAN EXCHANGES

European stock markets ended the day in a positive course after the economic recovery estimates increased following the financial support programs announced by the European Central Bank. FTSE100, one of the leading indices of Europe, completed the day with 2.94 percent, DAX30 index with 3.39 percent and CAC40 index with 2.84 percent. Morgan Stanley (NYSE: MS) reduced the total voting rate in Daimler (DAI) from 5.83 percent to 5.82 percent after June 17. Merrill Lynch, Morgan Stanley and SG have been listed as the most actively traded brokers in Daimler since May 17. Goldman Sachs transformed the stock image of the company from a “neutral” state to a “buy” state due to the organic growth principles and profit margin of WPP Plc (WPP). When the cost of the company was analyzed, it was announced that there was a possibility of saving £ 520 million between 2021-2025. Berkeley Group Holdings Plc (BKG) has determined an annual cost estimate of £ 280 million for the next five years, with the impact of the corona virus outbreak. London-based housing manufacturer announced that its 12-month pre-tax profit fell 35 percent in April to a decrease of £ 504 million.