Markets on Wall Street opened lower, with the main indices losing about 0.6% in pre-market trading. S&P 500 futures fell by around 0.6%, Dow futures dropped by about 263 points (approximately 0.7%), and Nasdaq futures declined by about 0.6%. This followed a recent downturn that interrupted the previous streak of gains for these indices.
Once again, we are seeing significant declines in UnitedHealth Group shares, and TJX and Target are also losing ground. On the other hand, Alphabet and SMCI shares are rebounding.
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Current volatility observed on Wall Street. Source: xStation
US100
The Nasdaq-100 index, represented by the US100 contract, is trading today about 0.66% lower compared to yesterday’s close. The index continues to maintain a dynamic upward trend, as shown by the exponential moving averages (50-, 100-, and 200-day EMAs). From a technical perspective, the key support zone remains the round level of 21,000 points, while the resistance is the historical high near 22,300 points. The nearest resistance is the local high around 21,500 points.
Source: xStation 5
News
Deutsche Bank resumed coverage of Intel (INTC.US) with a “hold” rating and a price target of $23. The company’s shares are currently down 0.60%.
Target Corp (TGT.US) has released its quarterly results. Below is a summary of the report. The company’s shares are down 6.5% today due to very weak annual forecasts.
- Net sales in Q1: $23.85 billion (vs. expected $24.27 billion)
- Adjusted EPS in Q1: $1.30 (vs. expected $1.61)
- Comparable sales in Q1: -3.8% (vs. expected -1.08%)
2025 forecasts:
- Sales: Expected to decline by low single digits (vs. expected +0.27%)
- Adjusted EPS: $7.00–9.00 (vs. expected $8.40)
TJX (TJX.US) also released its report for the first quarter of fiscal year 2026. Selected results below:
- EPS 92c (estimated 91c)
- Net sales $13.11 billion (estimated $13.01 billion)
- Comparable sales +3% (estimated +3%)
- Comparable sales for Q2 expected at +2% to +3% (estimated +2.92%)
- Full-year comparable sales expected at +2% to +3% (estimated +2.96%)
- Full-year EPS expected at $4.34 to $4.43 (estimated $4.49)
Take Two Interactive (TTWO.US) shares are also down nearly 3.5% today due to the company’s announcement of a $1 billion common stock offering.
UnitedHealth Group (UNH.US) shares experienced significant volatility and losses today, dropping more than 8% at the start of trading before partially recovering to a 3% decline. The main catalyst was a report from The Guardian alleging that UnitedHealth secretly paid bonuses to nursing homes to reduce hospitalizations of sick residents. This practice, aimed at cutting costs, reportedly saved the company millions but raised concerns about patient safety.
