The first session on Wall Street this week opened in a mixed mood. On the one hand, investors are pricing in a strong close to Friday's session, equally attentive to new local peaks in Treasury bond yields and concerns about a Fed rate hike (heightened after labor market data). Although Monday sessions are typically low volatility, the market has been exceptionally heavy today with news from the M&A sector. The indices are currently posting small gains.
S&P500 Index (US500), D1 interval. The index of the largest 500 companies in the USA is recording small increases on Monday and is consolidating in the zone of 4500 points. The most important current resistance for the bulls is the 50% Fibo retracement and the EMA 100 (purple line). The nearest support remains the 38.2% Fibo retracement. Source: xStation 5
News:
The two largest low-cost airlines in the US, Spirit Airlines (SAVE.US) and Frontier Airlines announced the merger of the two carriers, creating the fifth-largest airline in the US. The deal was valued at USD 6.6 billion. The price was set at $25.83 per share. Spirit shares are up nearly 12% at the open of today's session.
Today's session will certainly be interesting on shares of sports company Peloton (PTON.US), which are gaining more than 30% before the opening of the US session. Such a large increase in the share price results from the information about the alleged acquisition of the company by Amazon (AMZN.US). Nike (NKE.US) is also reportedly interested in buying Peloton's business.
Shares of one of the leading sports equipment makers, Peloton (PTON.US), opened with a huge upward gap at the start of trading today, following news of potential acquisitions of the company by Amazon or Nike. The stock has broken out of its downtrend and is currently testing the limit set by the EMA 100 (purple line). The key support remains the zone near USD 23.2 per share. Interval D1. Source: xStation 5
Ford (F.US) is losing slightly more than 1% at the opening of today's session following Friday's announcement, which confirmed that the automotive leader is cutting production of several models of the brand's cars due to a prevailing global shortage of chips and other components.
Daily summary: Wall Street tries to rebound 📈Amazon and Microsoft under pressure of Rotschild & Co Redburn
📌US500 loses 1%
US Open: Wall Street indices under continued selling pressure 📌Technology stocks slide
Morning Wrap (18.11.2025)
