Daily Report 20.1.2021
Објавено: 20. 01. 2021

Dow rises more than 100 points to start the week, tech stocks lead the gain; European markets close lower as traders monitor U.S. earnings; Ladbrokes owner Entain plunges 12% 
Stocks climbed on Tuesday, rebounding from a rough week, as investors digested results from the new earnings season as well as signals for another big stimulus and faster pace of vaccine distribution ahead. The Dow Jones Industrial Average rose 116 points, or 0.4%. The S&P 500 gained 0.8%, led by energy, while the tech-heavy Nasdaq Composite jumped 1.5%. Some of the major technology stocks rebounded sharply from last week’s losses. Facebook and Alphabet climbed 3.8% and 3.3%, respectively, while Microsoft rose 1.8%. Apple and Amazon also advanced. 
Shares of Goldman Sachs erased earlier gains and fell 2.3% as traders took profits after the bank topped expectations for fourth-quarter profit and revenue. The blowout results came on the back of strong performance from its equities traders and investment bankers. 
Bank of America dipped 0.7% after the bank posted quarterly revenue that missed expectations. Profit came in slightly above estimates, however. 


European stocks fell Tuesday as investors monitored hopes for economic recovery and the confirmation speech of incoming U.S. Treasury Secretary Janet Yellen. The pan-European Stoxx 600 ended the session down by around 0.2%, with basic resources and travel shares both falling 1.3% to lead losses as most sectors and major bourses dipped into negative territory. 
In terms of individual share price movement, Carl Zeiss Meditec climbed 5.8% toward the top of the Stoxx 600 after a strong quarterly earnings report. 
Stellantis, the new company formed from the merger of Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (PSA) continued to climb in its first week of trading, adding a further 2.6%. 
Source: CNBC