- Green Christmas Eve on Wall Street
- Semiconductors' rally continues
- American Airlines trade flat despite unexpected groudning
After promising futures trading, Wall Street opened quite bullish on Christmas Eve. Nasdaq stays at the top of the game with around 0,8% gain right at the start of the session, followed by the S&P500 (+0,45%) and Dow Jones (+0,33%). Russell 2000 started the session in the red, but has just broken even with 0,03% gain.
Today’s session is dominated by semiconductor stocks, which are rallying in response to a probe launched yesterday by the Biden administration against Chinese chipmakers. According to a White House statement, the investigation aims to examine 'acts, policies, and practices’ related to the production of silicon carbide substrates and other wafers used in semiconductor fabrication. Officials justify the move by citing concerns that China 'routinely engages in non-market policies and practices, as well as industrial targeting.' However, the investigation could also be seen as a political reaction to China’s recent antitrust probe into Nvidia.
Philadelphia Stock Exchange Semiconductor Index is up 0,3% today, side by side with the gains among major hardware manufacturers (Nvidia: +1%, AMD: +0,9%, Broadcom: 1,35%). On the red side, however, we have TSM (-0,85%) and Qualcomm (-0,1%)
Volatility currently observed on Wall Street. Source: xStation5
US100 (D1)
The Nasdaq 100 contract is well back on track with its bullish rally, having recovered almost ¾ of the sell-off motivated by the hawkish Fed pivot last week. In case of the bearish reversal, the immediate support is around the 21400 mark, i.e. the reopening after the post-FOMC slump, whilst a more general line of defense remains at 21250. The key resistance to beat is naturally the most recent ATH around 22111. RSI is hovering around 60, leaving plenty of space for growth, while shrinking MACD histogram might suggest a slowdown of the momentum and potential consolidation.
Source: xStation5
Corporate news:
- American Airline (AAL.PL): the carrier’s stock fell as much as 5,5% in the premarket trading following the grounding of all the flights nationwide. On one of the most hectic travel days of the year, the company faced technical issues affecting all of its flights. The groundstop was lifted by the Federal Aviation Administration around 12:50 GMT. Despite the troubles in the premarket trading, the stock is currently up 0,05%.
- Arcadium Lithium (ALTM.US): the chemical lithium producer trades 4,5% higher following the shareholder approval regarding the acquisition by Rio Tinto. The deal was first announced on October 9th and is expected to have closed by the mid-2025.
- NeueHealth: the healthcare provider soars 66% upon the decision to acquire and take the company private by the New Entreprise Associates and consortium of investors. Shareholders have been promised $7.33 per share in cash, constituting a 70% premium over yesterday's closing price.
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.
