CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

US OPEN: Positive opening in the new quarter

14:40 1 April 2024
  • S&P 500 with around 10% return in Q1 2024
  • Increases motivated by the lack of a major uptick in inflation last Friday, raising the prospect of an interest rate cut in June
  • Microsoft separates Teams from Office
  • Tesla raises Model Y prices in the US
  • ISM index for March will be released today half an hour after the start of the session on Wall Street

S&P 500 starts the quarter strongly

Wall Street futures started today's trading very strongly, which may related with the release of PCE inflation on Friday, which did not rise more than expected. Powell indicated that the inflation reading was in line with expectations and it was good news. The S&P 500 Index gained around 10% in the first quarter and was the best quarter since 2019. The Nasdaq, on the other hand, scored 9% gains and it was the best quarter since 2019. Today, the S&P 500 opens 0.1% above Thursday's close, while the Nasdaq gains 0.35%.

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US500 contract pares earlier gains, after reaching all-time high. Source: xStation5

Company news:

Microsoft separates Teams from Office. Microsoft has announced plans to globally release its Teams video conferencing application as a standalone product, separating it from Office. The decision comes six months after a similar move in Europe in response to regulatory scrutiny over software bundling practices. Microsoft gains 0.5% at the open.

Tesla announced a $1,000 price increase for all versions of the Model Y in the US. The news comes as the electric vehicle maker is due to release sales figures for the past quarter on Tuesday and points to further weak data due to increasing competition from cheaper rivals such as China's BYD. Tesla gains 0.2% at the open.

Nikola Corporation is gaining more than 10% at the open, while it is up almost 80% over the past 10 days. The company recently announced the return of its electric trucks as the BEV 2.0 model, which has two propulsion options: electric and hydrogen. In addition to this, the company announced the opening of a HYLA modular high-pressure refuelling station in Southern California. In addition to this, the company has completed the opening of its first commercial hydrogen refuelling station in Alberta.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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