CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money 
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money 

US OPEN: small cap stocks regain favor on Wall Street 💰

5:28 pm 15 July 2024

  • Indices on Wall Street open higher
  • The dollar rises after the attempt on Trump over the weekend
  • Bond yields gain
  • Smaller companies gain the most

The new week opens again in optimistic moods, fueled by speculation about Trump's victory in the November elections. After the assassination attempt at a campaign rally in Pennsylvania, investors are pricing in even higher chances of Donald Trump winning. Interestingly, Biden's ratings have also increased compared to his potential substitute candidates from the party, including Kamala Harris. As a result, we have seen a slight strengthening of the dollar and a rise in bond yields. However, the initial gains have already been almost completely reduced. At the same time, Trump Media & Technology Group (DJT) gains more than 40% on opening to $8 billion market cap. At the opening of the cash session, the USDIDX dollar index is trading flat, US500 is gaining 0.40%, US100 0.60%, while the smaller companies index US2000 is up 1.40%.

US2000

Since the last CPI report was published, investors are betting on the first interest rate cut in the US as early as September. The prospect of easing policy has restored investors' faith in smaller companies, and today we are seeing another session of capital rotation. The US2000 index (Russell 2000) stands out clearly with gains. At the time of publication, gains are already reaching 1.50%, and bulls are battling resistance at the 2200 point level.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

Source: xStation 5

 

Company News

Tesla (TSLA.US) gains 4.50% on Monday as investors anticipate the Q2 earnings report and await updates on the August 8 robotaxi event. Morgan Stanley's analyst, Adam Jonas, suggests that a delay in the event could allow Tesla to showcase its broader AI capabilities, potentially linked to its ambitious Master Plan 4. Over the weekend, Elon Musk endorsed Donald Trump, which, along with a notable donation to a political action committee, has analysts speculating that Tesla might benefit from a new Trump administration.

Gains in the cryptocurrency market support crypto-related stocks. As Bitcoin to the USD 63,000 zone we can see notable gains on MicroStrategy (MSTR.US), Coinbase (COIN.US), Riot Platforms (RIOT.US) and Marathon Digital (MARA.US).

Super Micro Computer (SMCI.US) gains 1.00% after news that the copmany will join the Nasdaq-100 Index (NDX) and the Nasdaq-100 Equal Weighted Index (NDXE) on July 22nd, replacing Walgreens Boots Alliance (WBA.US).

Macy's (M.US) stock dips 15% after announcing the end of acquisition talks with Arkhouse Management and Brigade Capital Management. The board concluded that discussions did not result in a compelling, financeable proposal, despite extensive due diligence.

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back
Xtb logo

Join over 1 000 000 XTB Group Clients from around the world.

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language