- Retail sales above forecasts
- Intel (INTC.US) explores deal to buy chip maker GlobalFoundries for 30 billion
- Moderna (MRNA.US) stock jumps 7.0% in premarket ahead of joining S&P 500 index
US indices launched today's session higher as the latest retail sales figures beat analysts’ expectations. US retail trade rose 0.6 % from a month earlier in June, following a revised 1.7 % decline in May. Excluding autos, those sales jumped 1.3%, beating economists’ estimate of a 0.4% gain. It seems that at least for now investors digested concerns about the ultra-infectious Delta variant. Meanwhile Los Angeles County announced yesterday it would restore an indoor mask mandate, including for fully-vaccinated people, due to a rapid and sustained increase in Covid-19 cases.
US2000 has been trading under pressure recently, however buyers managed to halt declines at 2160 pts support which coincides with 78.6 Fibonacci retracement of the recent upward wave. Currently the index is testing local resistance at 2206 pts. Should a break higher occur, then upward move may accelerate towards next resistance at 2258 pts which is marked with upper limit of the 1:1 structure and previous price reactions. Source:xStation5
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Create account Try a demo Download mobile app Download mobile appModerna (MRNA.US) stock jumped more than 7% in premarket on news that the company will join the S&P 500 index on July 21st. Moderna will take the place of Alexion Pharmaceuticals, which is being bought by AstraZeneca (AZN.US).
BioNTech (BNTX.US) stock gained more than 1.5% in premarket after study published in the medical journal The Lancet showed that drug maker mRNA-based Covid-19 vaccine produced 10 times more antibodies than the inactivated virus-based vaccine produced by China’s Sinovac.
Carnival (CCL.US), Royal Caribbean (RCL.US), Norwegian Cruise Line (NCLH.US) all gained more than 1% in premarket after Canadian officials announced that they would allow large cruise ships to resume visiting the country in November.
Intel (INTC.US) may acquire one of its competitors GlobalFoundries for approximately $30 billion, although there is no guarantee a deal will be finalized, according to people familiar with the matter who spoke to the Wall Street Journal.
Intel (INTC.US) stock recently bounced off the upper limit of the triangle formation and broke below 50 SMA (green line). Currently stock is trading in the middle of the triangle pattern. If bearish sentiment prevails, then downward move may be extended to the support at $53.45. Source: xStation5
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