US OPEN: Wall Street starts week slightly higher

• US stock opened higher
• US100 approaches all-time high
• Tesla (TSLA.US) stock remains under pressure

US indices launched today's session slightly higher with the Dow Jones adding more than 100 points and both the S&P 500 and the Nasdaq gaining around 0.2% each, as investors try to focus on solid quarterly figures despite increasing inflation concerns. The yield on benchmark 10-year Treasury note rose to 1.59%, however still remains below October high, as traders continue to worry that inflation will stay high for longer than expected which could force the Fed to tighten soon. Bond-market expectations for inflation over the coming decade are near the highest since 2006, according to Bloomberg. In the following days, investors will focus  on retail sales and industrial production data and earnings from retail giants including Walmart and Home Depot.

US100 bounced off the upper limit of the ascending channel last week, however the downward move turned out to be short-lived and the index is climbing towards all-time high at 16,442 pts. On the other hand, if sellers manage to regain control, then support at 15,750 pts, which is marked with a lower limit of the 1:1 structure, may be at risk. Source: xStation5

Company news:

Tesla (TSLA.US) stock fell more than 2.0% in premarket trading  following a weekend Twitter exchange between founder Elon Musk and Sen. Bernie Sanders. “We must demand that the extremely wealthy pay their fair share. Period,” Sanders wrote.“I keep forgetting that you’re still alive,” Musk responded. In a follow-up tweet, he said, “Want me to sell more stock, Bernie? Just say the word …” Musk already sold nearly $7 billion in stock last week, which  caused the price to drop by almost 20%.

Tesla Inc (TSLA.US) stock continues its downward move and is approaching psychological support at $1000.00 which is marked with lower limit of the 1:1 structure and 127.2% external Fibonacci retracement of the downward correction launched in January 2021. Source: xStation5

Oatly (OTLY.US) reported a quarterly loss of 7 cents per share, smaller than the 10 cents a share loss anticipated by analysts. Revenue figures disappointed and shares plunged over 14.0% in premarket. The oat milk producer said it faced challenges related to various Covid-19 related restrictions, but that it continues to scale up production.

Boeing (BA.US) shares rose more than 3.0% after the aircraft manufacturer stated over the weekend that Emirates announced an order for two 777 Freighters and as Saudi Arabian Airlines was in talks with the planemaker for a wide-body jet order.

Crowdstrike (CRWD.US) stock fell 3.3% after Morgan Stanley initiated its coverage of the cybersecurity company with an ‘underweight’ rating, noting increasing competition and pricing pressure.