US OPEN: Mixed opening of last US session this week

15:25 17 June 2022

The beginning of the last session on Wall Street this week brings mixed sentiments to most stock exchange indices. US 10-year bond yields jumped to 3.26% (+1.96%). Today is the day of the Three Witches and the resulting expiration of options and futures contracts, which could increase volatility during the final hours of trading.

Mixed opening of the session in America. Source: xStation 5

Company News:

  • Alibaba (BABA.US) shares are up more than 9% early in today's session following a Reuters report that China's Central Bank has approved Alibaba subsidiary Ant Group's application to set up a financial holding company, raising hopes for a possible Ant Group IPO.

  • Snap (SNAP.US) shares responded with a 2% rally on tests of a paid subscription platform that will allow access to exclusive and previously unavailable content. 

  • Adobe (ADBE.US) shares are losing more than 3.7% early in today's session following the release of weaker-than-expected guidance for the quarter and full year. 

  • JD.com (JD.US) is looking at ways to expand its food delivery business, its CEO announced in an interview with Bloomberg. The company wants to fight for dominance in the Chinese market with giants like Alibaba (BABA.US) and Meituan. The stock jumped 8.9% at the session open.

  • Roku (ROKU.US) announced the launch of a partnership with Walmart (WMT.US). Roku users will be able to make purchases with their remotes while streaming TV shows.

Most Active Securities; USA. Source: Bloomberg

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