US OPEN: Wall Street opens higher as yields retreat

• Treasury yields retreated from their highs from last week
• US indexes started the March month on a positive note
• NRG Energy (NRG.US) stock surges on upbeat quarterly data

US indices launched today's session sharply higher, with the Dow Jones surging more than 450 points, as investors welcome falling Treasury yields and the passage of the $1.9 trillion stimulus plan in the House. The 10-year Treasury yield dipped to 1.43% on Monday, off by 3 basis points from Friday and down from its recent high of 1.6% on Thursday. Meanwhile President Biden urged the Senate to work quickly on a $1.9 trillion stimulus plan. Bill has passed in the House last week and is now awaiting final vote in the Senate.

US2000 – last week index broke below the long-term trendline, however sellers failed to uphold momentum and index bounced off the 200 SMA (redline). Today price broke above the major resistance at 2220 pts and is currently testing 50 SMA ( green line). Should break above occur, upward move towards all-time high at 2317 pts may accelerate. On the other hand, if sellers will manage to regain control and break below the aforementioned 200 SMA (red line) then bigger downward correction may be on the cards. In such a scenario the next support to watch lies at 2062 pts. Source: xStation5

NRG Energy (NRG.US) stock jumped more than 10% in premarket after  the energy provider's quarterly profit and revenue both beat market expectations. Company also announced that the financial impact of the extreme weather in Texas is expected to be within its current guidance range. 

NRG Energy (NRG.US)  - last week  buyers managed to defend major support at $36.09 and stock launched today’s session with a massive bullish price gap on upbeat quarterly figures. Should the current sentiment prevail, then upward impulse could be extended to the all-time high at $43.60. Nearest support to watch lies at $ 39.30. Source: xStation5

Johnson & Johnson (JNJ.US) shares rose more than 2.0% in the premarket after the Food and Drug Administration authorized emergency use of the company's  Covid-19 vaccine, which was followed by endorsement from the Centers for Disease Control and Prevention. Deliveries of the vaccine should begin tomorrow.

Twitter (TWTR.US) stock gained 1% in premarket trading after the social media giant announced that it is planning to sell $1.25 billion in convertible notes due in 2026, subject to market conditions.

AstraZeneca (AZN.US) sold its stake in Moderna (MRNA.US) for more than $1 billion, according to the London Times. The transaction took place after Moderna shares jumped sharply higher following approval of its Covid-19 vaccine, although the exact timing was unclear.