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: Wall Street gains slightly at the open

16:23 27 February 2024
  • Wall Street opens higher on the second day of this week
  • The dollar gains slightly
  • Yields on US bonds drop to 4.30%

Futures on indexes are traded higher at the opening of the cash session on Wall Street. The US100 gains 0.11%, approaching the level of 18,000 points, and the US500 is noted at a slight increase of 0.05%, around 5,080 points.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

Companies in the Health Care sector are gaining the most at the session's opening. Banks and companies in the fuel sector are also seeing increases. Source: xStation 5

The US500 is quoted 0.05% higher at the opening, around 5,080 points. The price slightly pulled back after testing the level of 5,110 points at the end of last week. In the event of a correction, it's important to closely watch the levels of 5,000 points and 4,970 points. Otherwise, the next target for the bulls remains the previously mentioned level of 5,110 points. Source: xStation 5.


Market insights

  • BlackRock said investors should rely more on actively managed strategies. Higher interest rates, persistent inflation and more geopolitical risk offer active managers and hedge funds a bigger opportunity to beat simple buy-and-hold portfolios

  • The global economy has a growing chance of pulling off a soft landing, according to a draft communique by G-20 finance chiefs meeting in Sao Paulo this week. But it tempered the upbeat view with warnings about the risks regarding faster-than-expected disinflation and global conflicts.

  • State Street Global Advisors said that the US economy is far from a recession. Still, the firm acknowledged that topping 2023’s growth levels this year may come as a challenge with the Federal Reserve likely to hold rates higher for longer.

  • The artificial intelligence boom is contributing to the majority of gains according to BTIG, as the semiconductor and equipment index is now higher by almost 30% in 2024.

  • The average favorable rating for Donald Trump hit its highest level since before the 2022 midterm
    elections, as the former president marches toward a likely November rematch against a less popular Joe Biden.


Company News

Viking Therapeutics (VKTX.US) surged by 80% following impressive phase 2 results for its GLP-1/GIP dual agonist, VK2735. The VENTURE trial successfully met its primary and all secondary endpoints, with participants on VK2735 experiencing statistically significant weight reductions compared to the placebo group.

Norwegian Cruise Line Holdings (NCLH.US) soared over 10% in pre-market trading following an unexpected profit forecast for the current quarter and an annual earnings guidance that aligns closely with expectations. The company predicts Q1 2024 adjusted earnings per share of 12 cents, defying the anticipated loss of 20 cents per share. For the full year 2024, it expects adjusted earnings per share of $1.23, slightly below the consensus estimate of $1.24. NCLH also reported entering 2024 with record-high bookings and pricing for its voyages.

Macy's (M.US) gains approximately 7% as the company announced strategic measures for growth, including closing 150 underperforming stores and concentrating on expanding its Bloomingdale's and Bluemercury brands. Although Macy's beat top and bottom line expectations for Q4 2023, it experienced a 5.4% drop in comparable sales.

Source: xStation 5

eBay (EBAY.US) is in focus as the company is set to announce Q4 2023 results after market close. Analysts expect a revenue of $2.51 billion and earnings of $1.03 per share. eBay, which recently announced a 9% reduction in its workforce (about 1,000 full-time jobs), joined several large tech companies in downsizing to sustain long-term growth. The company had previously issued a cautious guidance for the holiday quarter.

Alibaba Group Holding (BABA.US) has made a significant investment in the field of generative AI by creating a $1 billion funding round for Moonshot AI, a Chinese startup. This investment has significantly enhanced Moonshot AI's valuation, bringing it to approximately $2.5 billion, which is eight times higher than its valuation during the initial round of financing. This move places Alibaba alongside other major players like Tencent Holdings Ltd., Microsoft Corp., and others who are investing heavily in generative AI technologies.

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.

Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence