- US indices launched today's cash trading mixed
- Meta (META.US) plans massive lay-offs
- Palantir Technologies (PLTR.US) stock plunges on mixed quarterly results
Three major US indices launched today's session in mixed moods as investors digested latest NFP figures and now await October CPI data which will be released on Thursday, for clear insight regarding the US central bank's rate path. Tomorrow market attention will focus on the midterm election which will determine which party will control Congress, and impact the direction of future spending. Also FED members Mester, Collins, and Barkin are due to speak later in the session, and their comments may provide additional hints regarding future rate hikes.
S&P500 index stocks categorized by sectors and industries. Size represents market cap. Source: Finviz
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US2000 rose sharply at the beginning of this week, after buyers managed to defend major support at 1790 pts, marked with previous price reactions. As long as the price sits above the aforementioned level, another upward impulse towards key resistance at 1840 pts may be launched. This level coincides with 23.6% Fibonacci retracement of the last downward wave. Source: xStation5
Company news:
Palantir Technologies (PLTR.US) stock fell nearly 2.0% in premarket despite the software company posted a 22% revenue increase as strong demand from the U.S. defense sector. However earnings failed to beat analysts’ estimates as strong dollar and a high interest-rate environment have affected business in Europe.
Palantir Technologies (PLTR.US) stock broke below the lower limit of the 1:1 structure on Friday and fresh quarterly results accelerated the downward move. If current sentiment prevails, price may be heading towards support at $7.15, where recent lows are located. Source: xStation5
Apple (AAPL.US) stock fell nearly 1.0% in premarket after the tech giant announced that it expects lower iPhones 14 shipments in the key holiday quarter, as covid restrictions in China negatively impacted production.
Meta Platforms (META.US) stock rose over 3.0% before the opening bell after WSJ reported that the parent of Facebook is planning to lay-off a large number of employees this week.
BioNTech (BNTX.US) shares plunged over 3.0% in premarket despite the drugmaker’s posted upbeat quarterly results. Nevertheless, results were significantly weaker compared to last year, with both profit and revenue off more than 40% from 2021′s third quarter.
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