US OPEN: Wall Street recovers from recent declines, Nasdaq lags

• Wall Street starts the week with gains

• Omicron fears ease

• Electric carmaker Lucid (LCID.US) has received a subpoena from the SEC

Indices in the US are gaining slightly during the early part of Monday's session and are recovering from recent declines thanks to waning concerns over the Omicron option. Markets are still waiting for the Fed's policy doubts to be resolved.

US100 is currently testing the 50% Fibo retracement of the last upward wave. The technology index is losing, despite rallies on the US30 and US500. The nearest important support for the index is the 100 EMA (yellow line). A breakout above the level of 15860 could encourage the demand side to test the psychological barrier of 16000 points. Source: xStation 5

Company news:

Lucid Group Inc. (LCID.US) falls nearly 15% before the market opens after news of a subpoena from the SEC for documents related to the investigation. The company said the subpoena may relate to its merger with Churchill Capital Corp.

Shares of the company started today's trading with a downward price gap, which broke through the 50% Fibo retracement, at the level of $41.8. The next important support for the company's quotations will be the zone between the 50% and 61.8% retracements, which is reinforced by the 100 EMA (purple line). Source: xStation 5

Nvidia's (NVDA.US) share price fell 4.3% in the pre-market as the company faced continued obstacles in its plan to acquire UK chipmaker ARM. The EU antitrust regulator has suspended its investigation into the deal, waiting for more information. Last week, the US Federal Trade Commission filed a lawsuit to freeze the deal.

MicroStrategy (MSTR.US) is down 7.9% in the pre-market after the price of bitcoin fell over the weekend. The company holds billions of dollars in this cryptocurrency

Tesla (TSLA.US) is losing almost 5% after news of the SEC investigation into defects in solar panels manufactured by the company.