Markets in the US open Friday's cash session in a good mood. At 1 hour after the Wall Street open, the Nasdaq is gaining 1.2%, while the S&P500 is adding 0.64%. Investors' attention today is focused on corporate news and PCE data, which turned out to be in line with investors' expectations.
Current volatility observed on Wall Street. Source: xStation
US100
The Nasdaq-100 index, represented by the US100 contract is trading 1.2% higher today compared to the close of trading yesterday. The index continues its dynamic uptrend all the time, as long as the demand side is able to sustainably hold the 50-day EMA (blue curve) and the 100-day EMA (purple curve).
Source: xStation 5
Corporate news
Technology companies, and BigTechs in particular, lead the gains at the start of this week's last trading session in the face of a good reception of Apple's Q4 results, which were, however, de facto mixed.
Intel (INTC.US) shares are gaining 1.5% after slightly beating expectations for fourth-quarter earnings. The company reported earnings per share of 13 cents, while analysts polled had forecast 12 cents.
Walgreens Boots Alliance (WBA.US) shares fell nearly 15% after the company said it would suspend its quarterly dividend.
Atlassian (TEAM.US) shares added nearly 20% after the company reported better-than-expected results for Q2 of its fiscal year and raised its forward guidance.
Abbvie (ABBV.US; +4%) shares are also doing well. Below are selected results from the company:
- Adjusted EPS $2.16 (expected $2.13)
- Revenue $15.1 billion (expected $14.84 billion)
- The company forecast adjusted EPS for 2025 of $12.12 to $12.32 (expected $12.13)
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