US OPEN: Wall Street mixed as producer prices rise

• PPI inflation above forecasts
• Dow Jones and S&P 500 hit new records
• Levi Strauss (LEVI.US) stock rose more than 5% on upbeat quarterly figures

US indices launched the final session of the week in mixed moods. Both Dow Jones and S&P 500 rose slightly and hit new records, while Nasdaq 100 fell 0.4% after today's data showed producer prices rose 1% in March, well above analysts’ estimates of 0.5%. Meanwhile the 10-year Treasury yield rose slightly which put pressure on tech-stocks. Investors are focused on the start of the earnings season next week. Analysts expect profits for S&P 500 firms to jump about 25% year on year, the strongest first-quarter performance since 2018, according to Refinitiv IBES data.

US2000 bounced off the major resistance at 2248 pts which coincides with 200 SMA (red line), and upper limit of the descending channel and is currently testing 50 SMA (green line). Should break lower occur, then downward move may be extended towards the lower limit of the channel or even to the support at 2170.5 pts. On the other hand, if buyers manage to break above the aforementioned resistance zone, then another upward impulse towards resistance at 2305 pts may be launched. Source: xStation5

Levi Strauss (LEVI.US) stock rose more than 5.5% in premarket after the apparel maker posted upbeat quarterly figures. Company earned 34 cents per share while analysts expected earnings of 25 cents a share. Revenue also beat market estimates as online sales rose 41%. Levi raised its revenue forecast for the first half of this year, betting on a rebound in-store traffic as vaccines roll out.

Levi Strauss (LEVI.US) stock launched today’s session with a bullish price gap and hit a new all-time high. If current sentiment prevails then upward move may be extended towards the upper limit of the ascending channel. On the other hand, if sellers will manage to take control, the nearest support lies at $25.81. Source: xStation5

Boeing (BA.US) asked 16 of its customers to temporarily stop using 737 Max jets due to the potential electrical issue.

Fubotv (FUBO.US) stock surged nearly 8.0% after the sports-streaming service acquired exclusive streaming rights for the South American Qatar World Cup 2022 qualifying matches involving the 10 teams in the South American Football Confederation. Terms of the deal were not disclosed.

Amazon.com (AMZN.US) - the latest voting tally suggested that employees at an Alabama warehouse appear to be on the way to rejecting unionization, with about half of the approximately 3,200 ballots counted. Recent data shows workers voting against a union by a more than 2-1 margin, although Reuters reports about 500 ballots have already been challenged.