- US stocks opened higher
- Biden expected to call for end of normal trade relations with Russia
- Rivian (RIVN.US) stock under pressure after quarterly results
- DocuSign (DOCU.US) stock tumbles on weak guidance
Wall Street indices launched today's session slightly higher as earlier Putin's comments lifted hopes that ceasefire talks could be gaining traction. The Russian president said that “certain positive shifts” have occurred in the talks between the Kremlin and Ukraine, while Ukrainian president Zelenskyy said that his country has reached a “strategic turning point” in its war with Russia. US indices may get a chance to move when US President Biden delivers a speech (3:15 pm GMT). Biden is expected to call for an end of Russia's preferential trade status, a move that would pave the way for higher tariffs on Russian goods.

US500 moved higher after Putin's remarks regarding talks with Ukraine, however buyers failed to break above downward trendline and index pulled back to local support at 4270 pts. Should break lower occur, downward move may accelerate towards next support at 4180 pts. Source: xStation5
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DocuSign (DOCU.US) stock plunged over 17.0% in premarket after the electronic signature company issued disappointing financial outlook for the current year. Company earned 48 cents per share, slightly above analysts' estimates of 47 cents per share, with revenue also coming in above market projections.
DocuSign (DOCU.US) stock launched today's session sharply lower, and if current sentiments prevails, downward move may accelerate towards support at $37.15 where 2018 lows are located. The nearest resistance is located at 95.80 and coincides with 78.6% Fibonacci retracement of the last upward wave. Source xStation5
Rivian (RIVN.US) stock tumbled more than 8.0% before the opening bell after the electric vehicle maker reported a wider than expected quarterly loss of $2.46 billion. Company also expects that production in the current year is likely to be half the possible 50,000 units as supply chain issues would limit its factory output.
Oracle (ORCL.US) stock dropped over 2.0% in the premarket after software giant’s posted mixed quarterly results. Company earned $1.08 per share, below analysts’ estimates of $1.13 per share. Revenue matched market expectations. Oracle continues to see progress in shifting its customers to the cloud, with cloud revenue jumping 24% compared with a year ago.
Uber Technologies (UBER.US) stock rose more than 1.0% in premarket after Deutsche Bank initiated coverage with a “buy” rating and a $50 price target. Bank believes that the ride-hailing company has a leading position in a fast-growing market as well as an attractive entry point for the stock.
DiDi Global (DIDI.US) stock dropped over 13% in premarket after Bloomberg reported that the Chinese ride-hailing firm has suspended the process for a Hong Kong market debut.
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