- US stocks mixed
- NFP report well below expectations
- Didi Global (DIDI.US) stock will be delisted from NYSE
Mixed moods prevail on Wall Street as investors digest the latest NFP report which showed the US economy added only 210k jobs last month, which is the lowest score since December 2020 and well below market expectations of 550k. On the other hand the unemployment rate fell by more than expected to 4.2%. Earlier this week, Chair Jerome Powell indicated that the Fed would discuss speeding up the taper of its bond-buying program at the central bank's next meeting in December. Many economists hoped that a strong NFP report would cement the central bank decision regarding this matter.
US2000 launched today's session lower, however downward move was halted at 2185 pts support which coincides with 78.6% Fibonacci retracement of the upward wave launched in August 2021. If buyers will manage to uphold control, then another upward impulse towards major resistance at 2240 pts may be launched. Source: xStation5
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Didi Global (DIDI.US) stock of the Chinese ride-hailing firm slid 10% in premarket trading after the company announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong just a few months after its $4.4 billion U.S. IPO.
Didi Global (DIDI.US) stock launched today's session lower and price is approaching its all-time low at $7.24. If current sentiment prevails, downward move may accelerate towards $6.50 which coincides with 127% external Fibonacci retracement of the upward wave launched in October 2020. Source: xStation5
DocuSign (DOCU.US) stock plunged more than 30% in premarket after the software company provided weak fourth-quarter guidance, suggesting the boom from remote work may be lessening.
Peloton (PTON.US) shares rose 2.5% in the premarket after Deutsche Bank upgraded exercise equipment stock to buy. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.
Moderna (MRNA.US) stock added 5% before the opening bell after Wall Street Journal reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.
Ulta Beauty (ULTA.US) stock rose more than 6.0% in premarket after the chain of beauty stores posted solid quarterly figures and lifted its full-year guidance.
Marvell (MRVL.US) shares of the chipmaker jumped 21% in premarket trading after the company posted upbeat fourth-quarter outlook after third-quarter results beat analysts' projection, led by a strong performance in its data center business.
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