- Disappointing ADP report
- General Motors (GM.US) shares fell after earnings miss
- Robinhood (HOOD.US) stock surges as Cathie Wood reveals more buys
US indices launched today's session lower, following a record close for the S&P 500, as solid corporate results were overshadowed by disappointing ADP report which showed the smallest increase in private employment levels since February. Now investors will focus on the ISM PMI survey for the services sector which will be released at 3:00 pm BST.
US500 bounced off the upper limit of the downward channel and is currently testing local support at 4400 pts which is strengthened by 50 SMA ( green line) and 200 SMA (red line). Should break lower occur, downward move may be extended to the lower limit of the formation or even support at 4330 which coincides with 23.6 Fibonacci retracement of the upward wave which started back in May. Source: xStation5
General Motors (GM.US) stock fell more than 3% in premarket after the vehicle manufacturer posted mixed quarterly figures. General Motors earned $1.97 per share well below market expectations of $2.23 per share, while revenue beat analysts' estimates. Company also lifted its guidance for the remainder for the rest of the year, thanks to strong demand and pricing.
General Motors (GM.US) stock launched today’s session sharply lower and broke below the lower limit of the triangle formation. If current sentiment prevails, downward move may accelerate towards support at $55.35 which is marked by 23.6 Fibonacci retracement of the upward wave which started back in March 20202.The nearest major resistance lies at $58.55 and as long as the price sits below it, continuation of an downward move is the base case scenario. Source: xStation5
Kraft Heinz (KHC.US) stock fell nearly 1%in premarket despite the fact that the food company posted solid quarterly figures. Kraft Heinz earned 78 cents per share beating Wall Street estimates by 6 cents. Revenue also topped market forecasts due to strong demand during the previous quarter for the company’s snacks and packaged meals.
Tupperware (TUP.US) stock rose 2.5% in the premarket, after the maker of household storage products posted upbeat quarterly figures. Company earned an adjusted 95 cents per share, well above analysts' estimates of 57 cents consensus estimate. Revenue also beat market projections.
Robinhood (HOOD.US) stock jumped more than 13.0% in premarket trading, extending yesterday's strong gains in Tuesday trading as high-profile investor Cathie Wood's ARK Innovation ETF bought more shares of the online brokerage following its disappointing IPO.
Daily summary: Equities rally as markets await Trump-Xi talks; precious metals decline on risk-on (27.10.2025)
Qualcomm surges 20% on a new AI chip lineup 🤖 📈
Chart of the day: JP225 (27.10.2025)
BREAKING: Ifo Index Slightly Above Expectations. DE40 limits jump from the session start
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