APERTURA AMERICANA: Wall Street intenta recuperarse de la venta masiva de ayer

• US stocks open moderately higher
• The 10-year Treasury yield eased slightly
• Eli Lilly (LLY.US) stock price moves higher after analysts upgrade

US indices launched today’s session slightly higher, attempting to rebound from the worst sell-off since May in the previous session as Treasury yields retreated slightly. The debt ceiling debate in Washington has also weighed on market sentiment. Treasury Secretary Janet Yellen told House Speaker Nancy Pelosi Congress has until October 18 to raise or suspend the debt ceiling and that failure to do so would have severe consequences for the economy. Apart from that, heads of 4 major central banks will take part in a panel discussion at ECB Forum today at 4:45 PM BST - ECB Lagarde, Fed Powell, BoJ Kuroda and BoE Bailey which may cause additional volatility on the markets.

US100 launched today’s session higher, however buyers failed to break above major resistance at 14,900 pts and index pulled back towards support at 14,710 pts where August lows are located. Should a break lower occur, then the downward correction may deepen. Source: xStation5

Company news:

Eli Lilly (LLY.US) shares rose more than 2% in premarket after Citi upgraded the drugmaker's stock  to “buy” from “neutral” saying the recent pullback in its stock provides a decent entry point ahead of the launch of its Alzeheimer drug.

Eli Lilly (LLY.US) stock bounced off the major support around $220.00 which coincides with lower limit of the descending channel and 61.8% Fibonacci retracement of the last upward wave launched in April. If current sentiment prevails, the upward move may accelerate towards the resistance zone at $238.90. On the other hand, should sellers manage to regain control  then another downward impulse towards support at $200.00 may be launched. Source: xStation5

Micron Technology (MU.US), one of the world's main memory chip suppliers, provided weak first-quarter guidance yesterday and warned of supply chain issues that could disrupt shipments further down the line.

Netflix (NFLX.US) stock rose 1% in the premarket after the streaming giant announced that it bought videogame maker Night School Studio as company plans to diversify its revenue sources. Night School Studio is best known for the supernatural-themed video game “Oxenfree.”

Lucid (LCID.US) shares surged nearly 7.0% in premarket after the electric carmaker announced  that from October it will start delivering luxury sedans which are to outperform in terms of driving range the cars of its main competitor Tesla (TSLA.US).