US OPEN: US100 gains 1.8% at the end of the week 📈

Markets in the US open Friday's cash session in good spirits. As of 15 minutes after the opening, Wall Street's Nasdaq is gaining 1.8%, while the S&P500 is adding 0.9%. Investors' attention today is focused on corporate news and industrial production data, which turned out to be significantly better than expectations. 

Current volatility observed on Wall Street. Source: xStation

US100

The Nasdaq-100 index, represented by the US100 contract, is trading 1.8% higher today compared to yesterday's close. The index continues its dynamic uptrend all the time, as long as the demand side is able to sustainably hold the 50-day EMA (blue curve) and the 100-day EMA (purple curve).

Source: xStation 5

Corporate news

Intel (INTC.US) shares are gaining nearly 7% after the media market reported on alleged takeover rumors. 

Shares of State Street (STT.US) are currently losing 4% after the investment company released its Q4 2024 results. The results themselves were very good: Adjusted EPS of $2.60 (vs. $2.44 expected) - Revenue of $3.41 billion (vs. $3.34 billion expected) - Assets under management of $4.7 trillion (vs. $4.88 trillion expected) - Net interest income of $749 million (vs. $739.9 million expected).  Investors, however, did not like the forecast for interest income for 2025, which is expected to be worse than previously expected.

Citizens Financial Group (CFG.US) shares gained nearly 1.5% after the company reported slightly better-than-expected Q4 2024 results, with adjusted EPS of $0.83 (vs. $0.83 expected). Revenue came in at $1.986 billion (vs. $1.96 billion expected). Interest income, meanwhile, was $1.4 billion (vs. $1.39 billion expected). Total deposits were $174.78 billion (vs. $174.99 billion expected)

Cloudflare (NET.US) shares gain 3.9% after Citi raised its recommendation to “buy.”