US OPEN: Wall Street opens on a mixed footing

• Dow Jones extend records
• BioNTech (BNTX.US) stock rose sharply on upbeat earnings
• Marriott (MAR.US) shares fell 1% after mixed quarterly figures

US indices launched the week in mixed moods with Dow Jones and the S&P 500 near record levels while Nasdaq is trading lower. Shares of energy stocks rose after a ransomware attack forced the closure of the largest U.S. fuel pipeline over the weekend which is operated by Colonial Pipeline Company said it was forced to halt the transport of fuel from the Gulf Coast to the New York metro area on Friday as it “took certain systems offline to contain the threat.” Colonial said Sunday evening that some of its smaller lateral lines once again online, but that its main lines are still shut down. Meanwhile President Biden will provide his comments regarding the economy today and will meet with Republican and Democratic leaders on Wednesday to discuss his $4 trillion legislative proposals.

US100 launched today’s session slightly higher, however buyers failed to break above 50 SMA (green line) and index pulled back below the upper limit of the wedge formation. If sellers will manage to break below the 200 SMA (red line) then declines could deepen towards next support at 13500 pts. On the other hand, if buyers will manage to halt declines and break above the resistance at 13711 pts, then another upward impulse towards 14062 pts could be launched. Source: xStation5

Marriott (MAR.US) stock fell more than 1% in premarket after the company reported quarterly earnings of 10 cents per share which came in well above market expectations of 3 cents. Meanwhile revenue disappointed slightly. The hotel operator said it was seeing a rebound in demand as more people receive Covid-19 vaccinations. 

Marriott (MAR.US) stock launched today's session slightly lower and is approaching the lower limit of the wedge formation around $139.60 level. Should break lower occur, downward move may be extended to the $132.32 level. Source: xStation5

BioNTech (BNTX.US) stock rose nearly 9% in premarket after the drugmaker posted better than expected quarterly figures. Company earned $4.39 a share on revenue of $2.05 billion while analysts expected earnings of $3.57 per share on $1.77 billion in sales. BioNTech also confirmed there’s no current evidence that points to the need to adapt its Covid-19 vaccine to emerging variants of the virus, although it is prepared to do so if necessary.

Coty (COTY.US) stock fell more than 3% after the company posted quarterly figures that matched analysts’ expectations. However sales dropped 3.3% compared to a year ago as European lockdowns negatively affected demand for the company's products. 

Tyson Foods (TSN.US) reported quarterly earnings of $1.34 per share beating market estimates of $1.12. Revenue also surprised on the upside. The beef and poultry producer expects the chicken segment to continue to experience some pressure due to a challenging labor environment and severe winter weather.