The first session of the week on Wall Street starts with gains on all stock indices, which rebound from Friday's declines. There are no major macro events scheduled for today, however, volatility in the markets may be provided by the vote of no confidence in the British Prime Minister, Boris Johnson. Twitter's shares are down more than 5% on further complexities over spam on the platform. Elon Musk has reserved the right to walk away from finalizing the purchase. Solar companies are gaining on rumors of a possible removal of tariffs on panel production in the US.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
US100 index chart, D1 interval. The benchmark of the US technology blue chips are starting today's cash session with gains, but they are still within the consolidation zone between 12500 points and 13000 points. Resistance at 13000 points is now further reinforced by the 50-day exponential moving average (blue curve). Source: xStation 5
News:
Shares of Twitter (TWTR.US) have been experiencing declines, once again influenced by Elon Musk's inquiries into spam on the platform. Musk stressed that Twitter is in material breach of its obligations under the agreement and reserves the right not to complete the deal.
Amazon (AMZN.US, +1.5%) shares are gaining at the open of today's session on Wall Street. The stock records its first day of trading today after a 20-for-1 stock split.
Spirit Airlines (SAVE.US) shares jumped more than 6% at the open of today's U.S. session due to an increase in the purchase price of the airline by JetBlue (JBLU.US). Under the new guidance, shareholders will receive $31.5 per share versus the $30 previously offered.
The leader of the rally today is of course Didi Global (DIDI.US), which is reacting to a WSJ report proclaiming that Chinese authorities are about to end a probe into the company. The report says that it may happen as soon as this week. This would allow Didi's app to return to mobile stores - a critical issue for survival of the ride-hailing company.
The solar sector is doing well, with companies reacting to reports of the White House possibly halting tariffs on solar panels and other guidelines going into effect to support their production in the U.S. SolarEdge Technologies (SEDG.US) is now up more than 4.3%, First Solar (FSLR.US) is up 2.3%, and SunPower (SPWR.US) is trading with a 7.2% gain.
Companies included in the US100 index which are characterized by the highest volatility during the beginning of the session on Wall Street. Source: Bloomberg
