US OPEN: Wall Street flat at the start of Thursday's session

2:37 PM 22 September 2022

The start of Thursday's session on Wall Street brings mixed sentiment. Today's session is exceptionally volatile when it comes to the currency market, which is reacting to a number of central bank decisions on interest rate hikes. Investors will learn later today about the Conference Board and Kansas City FED readings for manufacturing.

The market is currently pricing in an 80% chance of a 75 basis point rate hike at the Fed's November meeting. 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 starts today's session relatively flat. The VIX fear index is losing nearly 1.2% today. Source: xStation 5

News:

  • Salesforce (CRM.US) is up early in today's U.S. session, stating that it intends to improve business efficiency and increase margins.

  • JP Morgan Securities downgraded its recommendation on Novavax (NVAX.US) shares from "neutral" to "underweight." The reason for the downgrade is primarily weak demand for vaccines.

News from US companies. Source: Bloomberg

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