- US indices launched today's cash trading higher
- Goldman Sachs (GS.US) surges on upbeat quarterly results
- Coinbase (COIN.US) stock rallies amid crypto rebound
Major Wall Street indices launched today's session about 1% higher as other big banks posted solid quarterly results. Meanwhile, trades scaled back forecasts for full percentage point rate increase from the Federal Reserve, after last week several policymakers have supported raising interest rates "only "by another 75 bp. This week Wall Street will focus on a slew of major earnings releases, especially Tesla on Wednesday. IBM will report earnings today after market close as the first major tech company to do so, while Netflix will release its figures tomorrow.
US30 broke above local resistance at 31320 pts, which coincides with 23.6% Fibonacci retracement of the last downward wave. Should buyers manage to uphold current momentum, upward impulse may accelerate towards next resistance at 32410 pts. On the other hand, should sellers manage to regain control, support at 29615 pts is at risk. Source: xStation5
Company news:
Coinbase (COIN.US) shares jumped over 6.0% in premarket together with other crypto-related stocks as prices of Bitcoin and Ethereum rose sharply at the beginning of the new week.
Coinbase (COIN.US) stock has been moving sideways in recent months following a sharp sell-off which started in November 2021. Buyers managed to halt declines around $41.60, which acts as major support. Stock launched today's session with a bullish price gap, however the main trend remains downward and only a decisive break above resistance at $83.50 would negate the bearish scenario. Source: xStation5
Goldman Sachs (GS.US) stock rose over 3.0% in premarket, after the investment bank posted better than expected quarterly results. Company earned $ 7.73 per share, well above analysts’ estimates of $ 6.58 a share partially thanks to solid performance of the bond trading department.
Bank of America (BAC.US) stock rose over 1.0% in premarket despite mixed quarterly figures. One of the biggest US banks earned 73 cents per share, slightly below analysts’ estimates of 75 cents per share. On the other hand, revenue slightly beat Wall market projections despite a sharp drop in investment banking revenue.
Yum! Brands (YUM.US) shares added over 3.0% before the opening bell after Goldman Sachs lifted its rating on the fast food restaurants to ‘buy’ from ‘neutral’. Goldman believes that owner of such brands like KFC, Pizza Hut is well positioned to cope with a slowdown in consumer spending.
Boeing (BA.US) stock rose over 4.0% in premarket after Delta Air Lines (DAL.US) revealed plans to buy 100 737 Max 10 planes. Boeing also announced it was very close to resuming deliveries of its 787 Dreamliner.
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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