- US stocks opened lower
- No progress on ceasefire after Kyiv-Moscow talks
- US CPI inflation surges in February
- CrowdStrike (CRWD.US) stock surges on upbeat quarterly results
- Goldman Sachs (GS.US) to close its Russian operations
US indices launched today's session lower. The Dow Jones fell 1.0%, while the S&P 500 and the Nasdaq 100 dropped 1.2% and 1.6%, as peace talks between Ukraine and Russia officials in Turkey made almost no progress on key issues and oil prices resumed upward movement raising additional inflation concerns. Ukraine Foreign Minister Dmytro Kuleba said the leadership in Moscow “live in their own reality” after the Kremlin foreign minister earlier denied that Russian forces had targeted civilians by destroying a children’s hospital and maternity ward on Wednesday. On the data front, the CPI inflation jumped to 7.9% in February, the highest since January of 1982, in line with market forecasts. Meanwhile weekly jobless claims rose by 11k to 227k, from a revised 216k in the previous week, above analysts' estimates of 217k.
US100 pulled back after a failed attempt of breaking above the resistance zone around 13825 pts, which is strengthened by 50 SMA (green line). Currently the index is testing local support at 13540 pts. Should break lower occur, downward move may accelerate towards 13160 pts which is marked with lower limit of the 1:1 structure and previous price reactions. Source: xStation5
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CrowdStrike (CRWD.US) stock jumped more than 12.0% in premarket after the cybersecurity company posted upbeat quarterly results. Company also provided a solid 2022 outlook. CrowdStrike said it would strongly pursue market share as cybersecurity demand accelerates.
CrowdStrike (CRWD.US) stock launched today's session with a bullish price gap and is currently approaching local resistance at $195.20 which coincides with 38.2% Fibonacci retracement of the upward wave launched in March 2020. Source; xStation5
Goldman Sachs (GS.US) announced on Thursday that it will close its operations in Russia. Goldman is the first major Wall Street bank which took such steps following the Kremlin's invasion of Ukraine.
Amazon.com (AMZN.US) stock surged over 5.0% in the premarket after the company announced a 20-for-1 stock split and a $10 billion share buyback program.
Tesla (TSLA.US) stock fell over 1.0% after the EV producer increased prices of its U.S. Model Y SUVs and Model 3 Long Range sedans by $1,000 each and some China-made Model 3 and Model Y vehicles by $1,582.40.
Asana (ASAN.US) stock lost more than 24.0% in the premarket despite the collaboration software company posted better than expected quarterly figures. However, upbeat results were overshadowed by weak guidance. Company expects a wider-than-expected loss for the current quarter.
JD.com (JD.US) stock plunged over 6.0% before the opening bell after the company reported its slowest revenue growth since early 2020.
