US OPEN: Wall Street surges after the NFP data 💡

• US100 gains after NFP
• Pinterest and Elf Beauty earnings in the background
• Tesla with weak sales in China

Markets in the US open Friday's cash session in good spirits. As of 30 minutes after the opening, Wall Street's Nasdaq is gaining 0.5%, while the S&P500 is adding 0.45%. Investor attention today is focused on corporate news and NFP data, which showed lower non-farm employment, but higher wages and lower unemployment. 

Current volatility observed on Wall Street. Source: xStation 

US100

The Nasdaq-100 index, represented by the US100 contract is trading 0.5% higher today compared to the close of trading yesterday. The index continues its dynamic uptrend all the time, as long as the demand side is able to sustainably hold the 50-day EMA (blue curve) and the 100-day EMA (purple curve).

Source: xStation 5

Corporate news

• One of the growth leaders of today's session on Wall Street is Pinterest (PINS.US). The company's shares are gaining more than 20% after the company published higher-than-expected revenue for Q4. It reported EBITDA of $470.9 million versus expectations of $444.8 million. 

• On the other hand, E.l.f. Beauty (ELF.US) shares are down nearly 25%. The entity lowered its forecasts after the company reported weak sales trends in January and mixed holiday results. The retailer now expects sales of $1.3 billion to $1.31 billion, below estimates of $1.34 billion. Sales were previously expected to be between $1.32 billion and $1.34 billion. E.l.f. may report earnings per share of 66 cents to 71 cents in the current quarter, well below expectations of 97 cents.

• Sales of U.S. electric vehicle leader Tesla (TSLA.US) in China fell last month to 63,238 units, down 11.5% from January 2024. At the same time, competition in China is growing. BYD, Changan Automobile and Xpeng reported sales increases for the same period. The company's shares are losing 1% before the opening of the session on Wall Street.