- US stocks opened higher
- Peace talks show signs of progress
- Nielsen Holdings (NLSN.US) stock surges 20% on M&A news
US indices launched today's session sharply higher on signs of progress in Ukraine peace talks. The Dow added 1.0% at the opening bell Tuesday, while the S&P 500 and the Nasdaq 100 jumped 1.1% and 1.5%. Russia claims that the Ukraine talks have entered a practical phase and that Zelensky-Putin meeting could take place in the future. Russia's deputy defense minister claimed Moscow has decided to scale back its military activity near Kyiv. However, these remarks should be treated with reserve, taking into account that the Kremlin's earlier declarations about the progress of the negotiations turned out to be untrue. Elsewhere investors await fresh US economic data, including JOLTS and Conference Board consumer confidence index.
US30 managed to break above local resistance around 35000 pts which now acts as support. If current sentiment prevails, upward move may accelerate towards 35800 pts, which is marked with upper limit of the larger 1:1 structure and 78.6% Fibonacci retracement of the last downward correction. Source: xStation5
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Nielsen Holdings (NLSN.US) shares jumped more than 20% in premarket after the TV ratings company agreed to be taken over by a private-equity consortium for $ 16 billion or $ 28 per share.
Nielsen Holdings (NLSN.US) stock launched today’s session with a massive bullish price and is currently approaching major resistance at $28.30 which coincides with 38.2% Fibonacci retracement of large downward wave launched in mid-2016. On the other hand, if sellers manage to regain control, another downward move towards key support at $21.90. Source: xStation5
FedEx (FDX.US) stock rose over 3.0% before the opening bell after the transport company announced that CEO Fred Smith will step down and current Chief Operating Officer, Raj Subramaniam will take his position from June 1.
GameStop (GME.US) stock dropped 3.5% in premarket and the videogame retailer’s stock may snap a 10-session winning streak which led to 143% gain. Another retail investor's favorite AMC Entertainment (AMC.US) fell over 4.0% in premarket, taking a breath after an impressive 45% rally on Monday.
Jefferies Financial (JEF.US) stock added nearly 4.0%after the investment bank recorded upbeat quarterly results even as profit fell from a year ago in a “challenging” trading environment.
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