- US indices little changed
- Weekly jobless claims rose unexpectedly
- CureVac (CVAC.US) shares fell sharply after vaccine failure
US indices launched today’s session near the flatline as investors digest yesterday’s FOMC decision and disappointing weekly jobless claims figures. Stocks fell sharply after yesterday's FED meeting during which the central bank moved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC’s forecast in March. Meanwhile weekly jobless claims jumped to 412K, the first increase in 7 weeks while analysts expected 359K, a sign the labour market still has a long way to recover from the coronavirus hit, and offering some support the Fed will scale back its stimulus support in a slow, cautious way.
US500 fell sharply after yesterday’s FOMC decision, however buyers managed to halt declines at the local support at 4182 pts and today buyers are trying to regain control. Should a break above the local resistance at 4211 pts occur, upward move may accelerate. Until then continuation of downward correction move looks to be the base case scenario.Source: xStation5
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Open real account TRY DEMO Download mobile app Download mobile appCureVac (CVAC.US) stock plunged more than 46.0% in the premarket after the recent results from a study of its experimental Covid-19 vaccine turned out to be a disappointment. The treatment was 47% effective in a clinical trial, while competitive vaccines from Moderna (MRNA.US) and Pfizer (PFE.US) showed 90% effectiveness.
CureVac (CVAC.US) stock launched today’s session with a massive bearish price gap, if current sentiment prevails then support at $42.43 may be at risk. In order to invalidate the bearish scenario, stock price need to at least jump above local resistance at $57.31. Source: xStation5
The Honest Company (HNST.US) stock fell more than 8% in premarket after the household products maker posted a wider-than-expected loss in its first quarter as a public company. Revenue came in above market estimates as the pandemic increased demand for sanitizing products.
Tenet Healthcare (THC.US) stock rose more than 3% in premarket after the hospital operator sold five hospitals and associated physician practices in Florida to Steward Health Care for about $1.1 billion.
Fisker (FSR.US) stock jumped 2% in premarket after the electric vehicle producer reached a long-term manufacturing deal with Magna International (MGA.US) regarding use of Magna’s carbon-neutral facility in Austria.
