- Rising tension between the United States and China
- Further restrictions in California
- Eastman Kodak (KODK.US) stock jumped 70%
US indices launched today’s session in mixed moods, with Dow Jones trading 0.3% lower, S&P 500 fell 0.2% while Nasdaq rose 0.25%, as investors await more details of a new pandemic relief package while the fresh tension between US and China dented sentiment. US lawmakers are working to agree on a new $908 billion bill before Congress breaks for the year, with House Speaker Nancy Pelosi, Senate Minority leader Chuck Schumer and a number of Republican senators endorsing the outline of the plan. Both sides are also facing a Dec. 11 deadline to approve an omnibus spending bill to prevent a government shutdown. Meanwhile according to Reuters report, US is preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing's disqualification of elected opposition legislators in Hong Kong. In response, China said it firmly opposed US interference in its domestic affairs. On the coronavirus front, California reported more than 30,000 new infections on Sunday, exceeding the state's previous high, prompting Governor Gavin Newsom to order large parts of the most populous US state to close down. Also New Jersey, North Carolina, Virginia and West Virginia reported record numbers of new cases over the weekend.
US30 – index bounced off the upward trendline which is additionally strengthened by major support at 30 000pts. If buyers will manage to uphold the momentum, then ATH at 30265 pts could be at risk. On the other hand, if buyers will manage to break below the aforementioned support zone, then downward impulse towards 29 557 pts level could be launched. Source: xStation5.
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Open real account TRY DEMO Download mobile app Download mobile appEastman Kodak (KODK.US) stock soared 70% in premarket after federal regulators found no wrongdoing in the creation of the $765 million government loan earmarked to fund the camera maker's shift toward manufacturing COVID-19 drug ingredients earlier this year, The Wall Street Journal reported. The deal unraveled amid questions about how Kodak disclosed the loan to investors, resulting in a Securities and Exchange Commission investigation.
Eastman Kodak (KODK.US) stock launched today’s session with a massive bullish price gap and price managed to break above the major resistance at $12.65. Should the current sentiment prevails, then next resistance at $17.36 may come into play. Source: xStation5
Pfizer (PFE.US) stock rose 1.1% in premarket after the pharma giant applied for emergency authorization of its Covid-19 vaccine in India, which is the second most infected country in the world.
Alphabet's (GOOGL.US) stock fell 3% in pre-market after Google unit removed several Chrome browser extensions of IAC/Interactive (IAC) for what it called “policy violations.” Google told CNBC it is reviewing “enforcement options,” while IAC said it had collaborated closely with Google on an extensive review and approval of its entire Chrome product line last year.
Ford Motor (F.US) shares fell 1% in premarket after car manufacturer announced that the launch of its new Bronco SUV will be delayed until the summer, due to pandemic-related problems at its suppliers. Ford said more than 90,000 clients have pre-ordered the new car.
Cisco Systems (CSCO.US) will acquire London-based cloud communications software company IMImobile for $730 million in cash, including assumed debt.
