- S&P 500 and NASDAQ 100 both hit new all-time high
- FAA notes safety concerns over new Boeing 777X
- Tesla (TSLA.US) faces China recall over software glitch
US indices launched today's session slightly higher, with both the S&P 500 and Nasdaq hitting new record highs. However moods quickly changed and all major indices besides Nasdaq erased early gains. Over the weekend further news regarding the infrastructure bill emerged. President Joe Biden clarified on Saturday that he doesn’t plan to veto the legislation if it comes without a separate reconciliation bill favored by Democrats. Republican senators then said on Sunday that the deal can move forward. This week investors will focus on quarterly figures from Micron Technology, ConocoPhillips and Walgreens; while key economic data to watch for include June's NFP report, foreign trade balance, the ISM Manufacturing PMI survey, and the CB consumer confidence index.
On Friday US30 broke above major resistance at 34181 pts which coincides with200 SMA (red line). Index launched today’s session higher however buyers failed to uphold momentum and price pulled back. In case buyers will manage to regain control, index may still move towards long-term downward trendline or even towards all-time high at 35019 pts. However if current sentiment prevails, and break below aforementioned 34181 level occurs, then next support lies at 33961 pts. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appBoeing (BA.US) stock fell more than 1% after the Federal Aviation Administration informed the plane maker that it may not be able to obtain certification for its 777X long-range aircraft until mid-to-late 2023 as numerous technical issues still need to be resolved.
Boeing (BA.US) - on Friday buyers failed to break above the upper limit of the triangle formation and stock launched today’s session lower. The nearest short term-support lies at $239.50 and coincides with 50 SMA ( green line). Source: xStation5
Intellia Therapeutics (NTLA.US) stock jumped over 55.0% in the premarket after the biotechnology company which acts in partnership with Regeneron (REGN.US) announced positive results in a phase 1 study of a gene-editing treatment for a disease called transthyretin amyloidosis.
Tesla (TSLA.US) - China’s vehicle safety authority issued a recall of more than 285,000 Model 3 and Model Y Tesla cars in the country due to the technical issue which can be fixed with a software update. The owners will not actually have to return the vehicles in order to receive the update.
MicroStrategy (MSTR.US) stock rose more than 3% in premarket as the business analytics company’s benefits from higher bitcoin prices. MicroStrategy holds several billion dollars of virtual currency.
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