US OPEN: Wall Street mixed after another disappointing claims report

• Weak initial jobless claims report
• S&P 500 hits another all-time
• Box (BOX.US) announced strategic partnership with KKR

US indices launched today's session in mixed moods after the latest data showed that the number of Americans filing new claims for unemployment benefits unexpectedly rose for the second week in a row. S&P 500 hit another all-time high and Nasdaq  rose 0.80% on Thursday while Dow Jones fell slightly, as investors digest recent FOMC minutes which did not provide any mentions of policy tightening. Policymakers again reassured their commitment to continue supporting the US economy and noted they would need to see more progress on the recovery before tapering.

US30 has been trading in a sideways move recently. Today index is testing support at. at 33293 pts. Should break lower occurs downward move could be extended to the 33140 pts handle or even support at 32674 pts. On the other hand, if buyers manage to halt declines here, then another upward impulse towards 33509 pts could be launched. Source: xStation5

Box (BOX.US) stock plunged more than 7% in premarket after the company announced that private-equity firm KKR (KKR.US) will invest $500 million, which will receive in return convertible preferred stock. The cloud computing company will use these funds to repurchase up to $500 million of its common stock.

Box (BOX.US) stock launched today’s session with a bearish price gap and is currently testing local support at $21.07.  If current sentiment prevails then downward move may be extended to the $19.50 handle. On the other hand, if buyers will manage to regain control, then upward impulse towards resistance at $23.05 could be launched.Source: xStation5 

GameStop (GME.US) stock rose more than 2% in premarket after the video game retailer announced that board member and Chewy co-founder Ryan Cohen will act as chairman of the board of directors following its annual meeting. 

WW International (WW.US) shares dropped more than 3% in premarket after Morgan Stanley downgraded the stock to “equal-weight” from “overweight,” having seen significant performance gains in the past 12 months and the stock of the company formerly known as Weight Watchers is now around 5% of its target price.

Conagra Brands (CAG.US), owner of such food brands like Duncan Hines, Birds Eye and Healthy Choice, stock rose more than 1% in premarket after the company posted upbeat quarterly figures. Conagra earned 59 cents per share, slightly above analysts’ expectations of 58 cents per share. Revenue also beat market projections thanks to higher demand as more people stayed at home during the pandemic.