US OPEN: Mild optimism at the start of the week

The first session of the week on Wall Street opens with a moderately positive sentiment. All contracts on the main indices of the American stock exchange are recording increases around 0.4%.

Nvidia and China are once again in the spotlight. During Friday's negotiations, the Chinese delegation reportedly indicated to the USA that Nvidia chips are not the bargaining chip that the USA thinks they are. According to Bloomberg Tech sources, the Chinese prefer to continue investing in their own products rather than relying on ready-made solutions that the USA will use against them at the slightest opportunity.

Macroeconomic data:

• The NY Empire Index showed a decline of -3.9, noticeably below expectations of 9.6.
• Later in the day, investors can expect speeches from FOMC members - Williams and Miran.

US100 (D1)

Source: xStation5
The valuation on the technology index chart continues the realization of the RGR formation. Today's session is yet another attempt to negate the formation. The key level for buyers is 26000 and FIBO 23.6. These levels must be exceeded to negate the formation. At the same time, sellers must bring the price at least around the neckline level of approximately 24200 to have hope for the realization of the formation.

Company news:

• Adobe (ADB.US) - An investment firm issues a series of negative recommendations for IT service companies, including Adobe, which is losing about 1% today.
• Immmunome (IMNM.US) - The biotechnology company published positive results of clinical trials for one of its potential products. The valuation is rising by over 20%.
• IRobot (IRBT.US) - The robot manufacturer, including the iconic "Roomba," announces bankruptcy. Valuations are falling by about 70%.
• Anglogold (AU.US) - Gold miners continue to see valuation increases on the wave of demand for precious metals. The company is growing by over 2%.
• Texas Instruments (TXN.US) - The company specializing in the production of specialized semiconductors and analog electronics is losing about 2%. The decline is caused by a negative recommendation from an investment bank, indicating low attractiveness of the company in the context of demand generated by AI.
• Nvidia (NVDA.US) - The producer of AI software and components is recovering some of the valuations lost due to the failure of Friday's negotiations. A number of Chinese companies have placed large orders for export versions of H20 chips, i.e., H200. Nvidia's valuation is rising by about 1%, although the transaction is still awaiting acceptance from the Chinese side.
• Intel (INTC.US) - The processor manufacturer purchased the AI startup SambaNova System for 1.6 billion dollars. The stock price is rising by about 1%.