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Wall Street extend gains thanks to fading concerns over Omicron
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US500 holds support at 61.8 Fibo retracement
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Intel (INTC.US) shares rise after news of Mobileye listing
Today's session on Wall Street begins with strong gains, accelerating after yesterday's unwind on waning concerns over the Omicron option. All US indices are currently up more than 1% on yesterday's close.
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Open account Try demo Download mobile app Download mobile appThe US500 index is holding the support of the 61.8 Fibo retracement and is heading towards the levels of the local peak near 4670 points. If the bulls manage to overcome the above limit, the next key level will be the area above 4700 points. Source: xStation 5
Market News:
After American Airlines (AAL.US) announced the resignation of CEO Doug Parker on Tuesday, its share price rose 3.5% in the premarket. American president Robert Isom will replace him on the 31st of March. Parker, 60 years old, is the longest-serving CEO of a major US airline.
Intel's (INTC.US) share price rose 7.5% in the premarket on Tuesday after the Silicon Valley chipmaker reported plans to list its Mobileye division in mid-2022.Intel acquired the autonomous driving company for $15.3 billion in 2017 as part of its efforts to enter new markets. Intel said it would remain the majority owner of Mobileye.
Intel (INTC.US) shares started today's session with a bullish upward gap, which almost reached the upper limit of the last consolidation channel between $52 per share and $55.5. From the perspective of technical analysis, the key support and resistance levels are the consolidation channel limits and Fibonacci retracements. Source: xStation 5
Tesla (TSLA.US) has announced that it will replace faulty Autopilot system cameras in its latest Model S,X and 3 cars. In an interview with the Wall Street Journal, Elon Musk said that "it might be better" if President Joe Biden's social spending plan does not go into effect.
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