- Wall Street indices rally after Nvidia earnings
- US100 tests upper limit of bearish channel
- Royal Caribbean jumps after boost full-year guidance
Wall Street indices launched today's cash session with big gains after Nvidia reported solid fiscal-Q4 2024 earnings and revived market sentiment. US chipmakers shares are trading over 10% higher today, at fresh record highs above $750. Major US indices also booked decent gains - S&P 500 trades 1.2% higher, Dow Jones gains 0.6%, Nasdaq rallies 1.9% and small-cap Russell 2000 trades 0.3% higher.
Source: xStation5
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Open account Try demo Download mobile app Download mobile appNasdaq-100 futures (US100) are rallying, fuelled by solid results from Nvidia. Sentiment towards tech shares as well as the whole equity market is bullish today. Taking a look at the chart at H1 interval, we can see that the index bounced off the lower limit of the bearish channel and rallied to the upper limit in the 17,920 pts area. An attempt to break above this zone is being made at the start of today's trading session. The two next levels to watch are local high at 18,015 pts and record highs at 18,120 pts.
Company News
Nvidia (NVDA.US) trades 12% after reporting solid results for fiscal-Q4 2024. Higher than expected sales and profits as well as much higher fiscal-Q1 guidance than expected are supporting sentiment on whole Wall Street today.
Royal Caribbean (RCL.US) said that the first five weeks in the year were company's best in the history for the period. Company said that demand during deals season have exceeded its expectations and that bookings and spending are significantly higher than last year. Royal Caribbean increased its full-year EPS guidance from $9.50-9.70 to $9.90-10.10.
Moderna (MRNA.US) trades higher after posting an unexpected profit for Q4 2023. The company reported $2.8 billion in revenue with 43% YoY drop in Covid vaccine sales. Net income droped 85% YoY to $217 million, or $0.55 per share. Analysts expected $0.97 loss per share. However, Moderna booked $600 million from deferred revenue during the quarter and it has impacted quarterly result. Company continues to expect 2024 sales to be about $4 billion.
Royal Caribbean (RCL.US) is surging after boosting full-year earnings guidance. Stock launch today's trading above $119 price zone and is eyeing a test of the $124 resistance area. Source: xStation5
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