- US stock opened higher
- ADP report above expectations
- Box (BOX.US) stock surges after upbeat quarterly results
US indices launched today’s session higher, rebounding after yesterday's sharp sell-off triggered by concerns over the new Omicron coronavirus variant and Powell comments. Also 10-year Treasury yield jumped to 1.5% after falling 8 basis points Tuesday to 1.45% on fears that the pandemic would stifle economic growth. On the data front, ADP report showed private businesses in the US hired 534k workers in November, compared with a downwardly revised 570k increase in October, above expectations of a 500k rise.
US2000 fell sharply in recent days, however sell-off lost it steam around support at 2185 pts and rebound occurred. Currently the index is testing a resistance zone around 2240 pts which coincides with 61.8% Fibonacci retracement of the upward wave launched in August 2021 and 200 SMA (red line). If buyers manage to keep the price above this level, then another upward impulse towards the earlier broken upward trendline may be launched. On the other hand, if sellers manage to regain control, then the aforementioned support at 2185 pts may be at risk. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCompany news:
Box (BOX.US) stock jumped over 9% in premarket after the software maker posted solid quarterly results. Company earned 22 cents per share on revenue of $224 million while analysts expected earnings of 21 cents per share on revenue of $218.5 million. The company’s fourth-quarter and full-year guidance also beat market projections.
Box (BOX.US) stock fell sharply yesterday however buyers managed to halt declines at the major support zone around $23.30 which is marked with 38.2% Fibonacci retracement of the upward wave launched in February 2021 and upward trendline. Stock launched today’s session with a huge bullish price gap and if current sentiment prevails upward move may accelerate towards all-time high at $27.35. Source: xStation5
Hewlett Packard Enterprise (HPE.US) stock dropped nearly 2% before the opening bell after the company posted mixed quarterly figures. The company recorded revenue of $7.35 billion, below analysts’ estimates of $7.38 billion. However, Hewlett Packard Enterprise posted a profit that came in 4 cents per share above consensus.
Shares of Goldman Sachs (GS.US) and Amazon (AMZN.US) rose 0.9% and 1.2% respectively in premarket after CNBC reported the bank is unveiling a cloud service for Wall Street trading firms backed by Amazon’s cloud division. The new service is called GS Financial Cloud for Data with Amazon Web Services.
Merck (MRK.US) shares added nearly 1.0% in premarket after a panel of advisers to the US Food and Drug Administration voted to recommend the agency authorize the drugmaker's antiviral pill to treat Covid-19.
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.
