Tuesday's trading session on Wall Street begins with major stock indexes continuing a positive streak delivered by a lower-than-expected German CPI inflation reading. The macro calendar for today is relatively empty, nevertheless investors will learn about ISM data for manufacturing.
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Create account Try a demo Download mobile app Download mobile appThe market is currently pricing a 31% chance of a 50 basis point rate hike at the Fed's next meeting in February 2023.Source: Bloomberg
US index quotes. Source: xStation 5
Compiled charts of the US500 and VIX index on the D1 interval. The benchmark of the largest companies in the US is starting today's session higher. The VIX fear index is losing nearly 1.22% today. Source: xStation 5
News:
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Shares of Coty (COTY.US) are gaining nearly 3% at the start of today's session following Piper Sandler's upgrade of its recommendation to "overweight" from its previous "neutral" rating.
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Truist also raised its recommendation on the stock of PayPal (PYPL.US), which upgraded the company to "buy" from its previous "hold" rating.
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As we reported in yesterday's post, Tesla's (TSLA.US) Q4 2022 vehicle deliveries report, despite record volume, disappointed investors with a lower-than-expected reading. Following yesterday's news, the company's shares lost more than 4% early in the session.
Information and the highest volatility among US companies. Source: Bloomberg
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