- Stock indices in the USA open flat
- The dollar drops significantly at the start of the session
- Bond yields remain relatively unchanged
Today is calm in terms of both the macroeconomic calendar and other events in the financial markets. The opening of the cash session in the USA reflects low volatility in the first part of the day. At the time of publication, no major changes are observed, although gains slightly prevail. This is particularly noticeable among smaller-cap companies. The US2000 is up 0.40%, the US500 by 0.22%, and the US100 by 0.05%.
US2000
The Russell 2000 Index (US2000) had a very good July, during which the index rose from 2000 points to 2300 points. Unfortunately, investor panic and speculation about a recession caused nearly all of July's gains to be erased in August, with the index price returning to the 2000-point levels. Currently, optimism is making a comeback, supported by upcoming interest rate cuts and easing recession fears after stronger data last week. Today, the index price is rebounding to 2160 points and approaching the nearest resistance level at 2200 points.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation 5
Company News
Advanced Micro Devices (AMD.US) increases by 1% following the announcement of the acquisition of AI infrastructure provider ZT Systems for approximately $4.9B. The acquisition strengthens AMD's AI and data center capabilities and is expected to positively impact financial performance by the end of 2025.
FuboTV (FUBO.US) gains 31% after a federal judge temporarily blocked the launch of a competing sports streaming service. This follows a 17% gain on Friday. FuboTV had filed a lawsuit alleging that the new service would stifle competition and harm consumers.
ZIM Integrated Shipping Services (ZIM.US gains 21% after a strong Q2 performance. The company reported an 11% year-over-year volume increase and a 40% rise in average freight rates per TEU. ZIM also raised its full-year 2024 guidance for adjusted EBITDA to $2.6B-$3B and announced a $0.93 per share dividend.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
