- S&P500 and Nasdaq hit new ATH’s
- Powell to be re-nominated as Fed chair
- Astra Space (ASTR.US) stock surges after company launched rocket into space
US indices launched today's session higher, with the Dow Jones rising around 100 points and both the S&P 500 and the Nasdaq hit new all-time highs after President Joe Biden picked Jerome Powell to continue to lead the Federal Reserve, while Lael Brainard, who was the other top candidate, will be vice chair. Bank stocks and Treasury yields move higher after the White House announced the Fed decision.
US30 stock launched today's session higher and is currently testing major resistance at 35700 pts which coincides with 23.6% Fibonacci retracement of the upward wave launched in October 2021 and earlier broken lower limit of the wedge formation. Should break higher occur, upward move may accelerate towards all-time high at 36440 pts. On the other hand, if sellers manage to halt advances, then another downward impulse towards support at 35280 could be launched. Source:xStation5
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Astra Space (ASTR.US) stock surged nearly 40.0% in premarket trading, after Astra sent a rocket into orbit for the first time over the weekend. The rocket carried a U.S. Space Force payload.
Astra Space (ASTR.US) stock launched today’s session with a massive bullish price gap and hit a new all-time high. If current sentiment prevails, the next target for bulls is marked with 127.2% external Fibonacci retracement of the last downward wave. However if sellers will manage to regain control, then nearest support to watch lies at $10.60. Source: xStation5
Rivian Automotive (RIVN.US) stock dropped over 4.0% in premarket after the electric car manufacturer abandoned plans to jointly develop an electric vehicle with auto giant Ford (F.US).
Shares of BioNTech (BNTX.US) and Moderna (MRNA.US) gained 3.6% and 1.4% respectively after the FDA on Friday cleared the coronavirus booster shots for all US adults.
Tesla (TSLA.US) stock rose more than 2.0% after CEO Elon Musk announced that in his opinion Model S Plaid will "probably" be coming to the important China market around March. The news overshadowed an embarrassing glitch with the car's smartphone app that left some Tesla drivers locked out of their cars on Friday evening.
Activision Blizzard (ATVI.US) stock fell more than 1% in premarket after CEO Bobby Kotick would consider leaving his job if he can’t fix culture problems at the video game maker, according to a Wall Street Journal report. Kotick is said to have made those comments to senior managers after he and the company faced criticism for its handling of sexual misconduct allegations.
