- Nasdaq leads gains on Wall Street
- Bitcoin near $70,000 boosts crypto companies
- Tesla gains more than 2% after optimistic Morgan Stanley decision
Markets in the US opened the first cash session of the week in a slightly better mood. Minutes after Wall Street opened, the Nasdaq gains 0.56%, while the Russell 2000 loses 0.05%. Thus, the rotation of capital to smaller-cap companies has been halted. The market is currently eagerly awaiting the results of Big Tech and the Fed's decision on interest rates. The sector that is doing well today, on the other hand, is cryptocurrencies and related stocks.
Current volatility observed on US trading floor. Source: xStation
US2000
The Russell 2000 Index, represented by the US2000 contract, is gaining 0.15% today and testing local peaks from last week. A sustained breakthrough of the 2,300-point zone will result in overcoming the resistance set by the retracement of the 78.6% Fibo of the downward channel initiated in November 2021, and this could encourage the demand side to extend the upward movement. On the other hand, however, the weekly RSI indicator indicates that the index is technically the most overbought since 2021. The 2200-point area could prove to be an important support point at the moment
Source: xStation 5
Corporate news
Abbott Laboratories (ABT.US) is losing nearly 5% early in the session after a jury ordered the company to pay nearly $500 million over allegations that it hid risks that its formula for premature babies could cause a potentially fatal intestinal disease.
Alibaba (BABA.US) gain nearly 3% as investors welcomed the e-commerce company's plan to raise service fees for sellers.
Tesla (TSLA.US) is up nearly 2% after Morgan Stanley named the company the new top pick in the US auto sector, replacing Ford (F.US) in that position.
Source: xStation
Major gains are seen today on the stocks of companies linked to the cryptocurrency market. Bitcoin is currently gaining close to 3% and testing the psychological level of $70,000 after Donald Trump euphorically referred to the position of this digital asset for the first time in the war. Microstrategy (MSTR.US) shares are now gaining 4%, Coinbase (COIN.US) close to 3.8%.
STMicroelectronics shares down 14% amid mixed future outlook📉
US100 gains 0.5% 📈Kansas City Fed Index above estimates
Stock of the Week - Merck & Co Inc (23.10.2025)
Beyond Meat after the sell-off📉Is short squeeze still possible?
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.
