- US stocks opened mixed
- S&P 500 extends recent rally
- Coinbase (COIN.US) under pressure as Bitcoin price move lower
US indices launched today's session mostly higher. The Dow Jones jumped 0.3%. The S&P 500 gained 0.1% and hit a new intraday high, while Nasdaq Composite fell 0.1%. The economic calendar is almost empty for this week but stocks typically rise in the last days of the year, the so-called “Santa Claus rally”. Also investors continue to weigh the impact the omicron coronavirus variant will have on the economy. Yesterday the Centers for Disease Control and Prevention shortened its isolation recommendation for people who test positive but do not have symptoms to five days from 10. Also studies from South Africa pointed that omicron strain can help boost immunity to the earlier delta variant.
US100 rose sharply last week and yesterday buyers managed to break above the major resistance at 16470 pts which now acts as support. If current sentiment prevails, upward move may accelerate towards all-time high at 16775 pts. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCompany news:
Coinbase (COIN.US) - The cryptocurrency exchange operator’s stock fell more than 2.0% before the opening bell as the price of bitcoin again dropped below $50,000.
Coinbase (COIN.US) stock rose sharply in recent days, however buyers failed to break above the strong resistance area around $282.00 which coincides with EMA 100 (purple line), downward trendline and 61.8% Fibonacci retracement of the last upward wave. If current sentiment prevails, a downward move towards support at $256.00 may be launched. Source: xStation5
Vipshop Holdings (VIPS.US) stock dropped over 2.0% in the premarket after the China-based e-commerce company lowered its revenue forecast for the current quarter. Vipshop cited its “latest view on the market and operational conditions” however did not provide any specific reasons. Meanwhile investment banking company Jefferies suspects that higher temperatures and rising number of new Covid-19 cases likely dented consumer demand.
Apple (AAPL.US) rose slightly in pre-market despite the news that the company plans to close 12 stores in New York City due to Covid-related reasons. The iPhone maker is just off of both all-time highs and the $3 trillion market value barrier.
Tesla (TSLA.US) stock rose nearly 2% in premarket after both Wedbush and Argus lifted their price targets.
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.
