-
Wall Street starts the week with gains
-
Omicron fears ease
-
Electric carmaker Lucid (LCID.US) has received a subpoena from the SEC
Indices in the US are gaining slightly during the early part of Monday's session and are recovering from recent declines thanks to waning concerns over the Omicron option. Markets are still waiting for the Fed's policy doubts to be resolved.
US100 is currently testing the 50% Fibo retracement of the last upward wave. The technology index is losing, despite rallies on the US30 and US500. The nearest important support for the index is the 100 EMA (yellow line). A breakout above the level of 15860 could encourage the demand side to test the psychological barrier of 16000 points. Source: xStation 5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCompany news:
Lucid Group Inc. (LCID.US) falls nearly 15% before the market opens after news of a subpoena from the SEC for documents related to the investigation. The company said the subpoena may relate to its merger with Churchill Capital Corp.
Shares of the company started today's trading with a downward price gap, which broke through the 50% Fibo retracement, at the level of $41.8. The next important support for the company's quotations will be the zone between the 50% and 61.8% retracements, which is reinforced by the 100 EMA (purple line). Source: xStation 5
Nvidia's (NVDA.US) share price fell 4.3% in the pre-market as the company faced continued obstacles in its plan to acquire UK chipmaker ARM. The EU antitrust regulator has suspended its investigation into the deal, waiting for more information. Last week, the US Federal Trade Commission filed a lawsuit to freeze the deal.
MicroStrategy (MSTR.US) is down 7.9% in the pre-market after the price of bitcoin fell over the weekend. The company holds billions of dollars in this cryptocurrency
Tesla (TSLA.US) is losing almost 5% after news of the SEC investigation into defects in solar panels manufactured by the company.
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.
