- US stocks opened higher
- Jobless claims fell unexpectedly
- Biogen (BIIB.US) stock plunges as Samsung denies report of takeover talks
US indices launched today's session higher, with Dow Jones and S&P500 extended upward move after closing at all-time highs yesterday, as the “Santa Claus rally" continues despite thin volumes and rising number of COVID-19 cases. On the data front, initial jobless claims surprised on the upside and dropped below 200k.
Yesterday US2000 failed to break below major support at 2240 pts which is strengthened by 61.8% Fibonacci retracement of the upward wave launched in August 2021. Index launched today's session higher, however only a decisive break above the 200 SMA (red line ) and 100 EMA (purple line) may initiate a bigger upward move. On the other hand should break below the aforementioned support occur, downward move may accelerate towards 2185 pts level. Source: xStation5
Company news:
Biogen (BIIB.US) stock fell 6.5% before the opening bell after Samsung denied a report in the Korea Economic Daily publication that it is willing to acquire Biogen and combine it with its biotech unit.
Biogen (BIIB.US) stock rose sharply yesterday following acquisition news, however buyers failed to stay above 200 SMA (red line) and today price pulled back following Samsung’s comments. If current sentiment prevails, the price may move towards the support zone around $232.00. Source: xStation5
Tesla (TSLA.US) stock dropped slightly in premarket after the transport safety body NHTSA disclosed that the EV-maker is recalling 475,318 vehicles over two separate safety-related issues.
JetBlue (JBLU.US) stock fell 1% in premarket after the airline withdraw nearly 1,300 flights from its schedule through January 13, due to rising number of Covid-19 infections among pilots and flight attendants.
Johnson & Johnson (JNJ.US) announced that a booster shot of its Covid-19 vaccine turned out to be 85% effective in preventing hospitalizations in a South African study, which has yet to be peer-reviewed.
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