- US stocks opened lower as optimism about a ceasefire started to fade away
- ADP above expectations
- BioNTech (BNTX.US) stock surges on upbeat quarterly results
US indices launched today’s session slightly lower after four day rally as optimism regarding peace talks faded away. The Kremlin claims that it has not seen anything else that is particularly promising or that appears to be a breakthrough, and that there is still much work to be done. Meanwhile, the Ukraine defense ministry said Russia is preparing to resume the offensive in order to encircle Ukrainian troops in the east of Ukraine. US intelligence also believes that 'descalation' talk around Kiev is a bit of a smokescreen. On the data front, the US economy expanded an annualized 6.9% in the fourth quarter - 0.1% point lower than in the second estimate, while private businesses hired 455K workers in March, beating analysts' expectations of 450K.
US2000 broke above major resistance at 2108 pts, which is marked with upper limit of the 1:1 structure, 100 EMA (purple line) and 38.2% Fibonacci retracement of the last downward correction. If current sentiment prevails, upward move may accelerate towards next resistance at 2240 pts. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCompany news:
BioNTech (BNTX.US) stock jumped over 6.0% in premarket after the drug maker posted upbeat quarterly results and announced a special dividend and a likely share buyback of up to $1.5 billion. Company also reiterated its prior vaccine revenue guidance for 2022.
BioNTech (BNTX.US) stock has been moving downward since August 2021, however it seems that buyers managed to halt declines around $130.00 levels after which rebound occurred. Stock launched today's session with a bullish price gap and if current sentiment prevails, resistance at $208.00 may be at risk. Source: xStation5
Lululemon Athletica (LULU.US) shares surged nearly 7.0% before the opening bell after the athletic apparel retailer issued better than expected quarterly guidance as demand remained robust even as people returned to offices.
Chewy (CHWY.US) stock plunged over 13.0% in premarket after pet products sellers recorded weak quarterly figures. Company lost 15 cents per share, while markets expected only an 8-cent loss, due to higher labor costs and lower profit margins.
PayPal (PYPL.US) stock rose 1.4% in premarket after Goldman Sachs initiated coverage on the online payments provider with a ‘buy’ rating, after falling 35% this year.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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.
