• US records second-highest single-day rise in COVID-19 cases
• US30 bounced off the major support
• Intel (INTC.US) stock fell 10% on weak quarterly earnings
• Intel (INTC.US) stock fell 10% on weak quarterly earnings
US indices launched today's session in mixed moods as investors digest the final presidential debate which was calmer compared to the first one. Candidates did not interrupt each other and focused on variety of topics including the coronavirus pandemic, foreign policy and health care rather than personal attacks. Futures, however, remained little changed throughout the debate. Meanwhile markets are still waiting for progress regarding coronavirus aid package. US House Speaker Nancy Pelosi on Thursday noticed progress in talks with the White House for another round of financial aid amid the Covid-19 pandemic and hopes that legislation could be hammered out “pretty soon. Meanwhile US reported 76,195 new COVID-19 infections on Thursday, close to its one-day record high of 77,299 new cases on July 16, according to a Reuters analysis. Colorado, Illinois, Indiana, Montana, North Dakota, Ohio, Oklahoma and Utah all reported their biggest daily increase in cases since the pandemic started. Number of fatalities is also increasing, with 916 deaths reported on Thursday, a day after the country recorded over 1,200 new fatalities for the first time since August.
US30 – index broke below the major support at 28090 pts during yesterday’s session but sellers failed to uphold momentum and price pulled back after testing 50 SMA (green line). Today, one can see that sellers managed to halt the upward move after US open, however as long as the price sits above the aforementioned support at 28090 pts, then the upward move looks to be more probable. Next potential target for bulls is located at 28344 pts. Source: xStation5Intel (INTC.US) — reported third-quarter earnings of $1.11 per share, which came in line with market expectations. Revenue beat analysts' estimates. However chipmaker's Data Center Group, revenue dropped by 7% and miss expectations.
Intel (INTC.US) – stock launched today’s session with a bearish price gap and is currently testing local support at $48.25. Should current sentiment prevails, stock could move towards next support at $45.00. The nearest resistance lies at the $51.18 level which is additionally strengthened by 50 SMA (green line). Source: xStation5Mattel (MAT.US) stock jumped over 8.4% after company posted better-than-expected quarterly results. The toymaker reported profit of 95 cents a share and $1.63 billion in revenue while analysts expected earnings of 39 cents a share and $1.46 billion in revenue.
Gilead Sciences (GILD.US) stock rose over 4$ after Food and Drug Administration approved company's antiviral drug remdesivir as a treatment for the COVID-19. The drug had previously been authorized for emergency use.
Seagate Technology (STX.US) shares dropped over 3% after company reported mixed results for its third quarter. The data storage company earned 93 cents per share on $2.31 billion of revenue, while markers expected earnings of 88 cents per share and $2.34 billion of revenue. The company also raised its dividend and buyback program.
American Express (AXP.US) shares fell 3%after company posted smaller-than-expected earnings despite beating revenue projections. The financial company earned $1.30 per share on $8.75 billion of revenue for the third quarter, while Wall Street expected $1.35 in earnings per share and $8.62 billion of revenue.
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