CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

US OPEN: Wall Street opens slightly higher after massive rally

15:12 25 March 2020
• Amount of the infected cases in the US continue to rise
• US might become new epicenter of the coronavirus, accordingly to WHO
• Nike (NKE.US) share price soared

After yesterdays massive rally, today US indices opened in mixed moods.
The US Senate is still voting today on the stimulus package, which was initially agreed between the two sides yesterday. The bill will still have to pass the House of Representatives.  However uncertainty remains on the markets as investors are concerned whether  the package will be enough to offset the economic impact of the coronavirus outbreak, especially that  WHO announced the US might become the next epicenter of the pandemic as the number of infections grows rapidly and almost half of the states have imposed lockdown measures to near 100 million citizens. Therefore traders should expect another volatile session.
The Dow Jones Industrial Average opened  1.1% higher. The S&P 500 opened by 0.2% while NASDAQ Composite fell by 0.1%.
S&P500 (US500) is testing local resistance level at 2505 pts. A sustainable move above this level may trigger further upside move towards the next resistance zone located at 2722.6 pts. Source: xStation5.
 
Target (TGT.US) – decided to withdraw it’s financial guidance, due to the concerns regarding spread of the coronavirus. The big-box retailer announced that food and household goods sales are increasing, but profits may be lower due to the higher costs for staffing and cleaning stores. The company also seen a drop-off in apparel and accessories sales. Target gives up plans for store remodels, delaying openings of many small-format stores.
Target (TGT.US) – share price broke below 200 MA(red line) and is testing major support level at $98.58 per share. In case the market's plunge continues to gather pace, the stock may be set to test support at $87.63. Local resistance is located at $104.20. Source:xStation5

Nike (NKE.US) – company  reported better  than expected revenue figures. Also quarterly profit of 78 cents per share, exceeded forecasts of 59 cents a share. The athletic footwear and apparel announced that the market situation in China is improving after the coronavirus outbreak.
Nike (NKE.US) – share price went sharply higher based on quarterly profits news. The stock managed to break above major resistance level at $67.95 per share which was supported by 200 MA (red line). If the bullish bias continues, then the price may test next resistance level located at $77.30. Source:xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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