- US indices reached new all-time highs
- Tesla (TSLA.US) invested in Bitcoin
- Palantir Technologies (PLTR.US) will join forces with IBM (IBM.US)
US indices launched the week in upbeat moods with all three major indices hitting new intraday records. Treasury Secretary Yellen called for quick approval of the $1.9 trillion stimulus plan and said the US could return to full employment in 2022 if Congress takes decisive action. House Speaker Nancy Pelosi said on Friday the House aims to pass the bill within 2 weeks. Adding to a bullish sentiment bias were rising US treasury yields amid firming expectations for a massive US fiscal spending, which, in turn, drove buying into the greenback.
US30 is stuck between resistance at 31,226 pts and upward trendline. Breaking higher would pave the way towards a new all-time high. On the other hand, if sellers will manage to break below the aforementioned trendline, a bigger downward move may follow. Nearest major support lies at 30,500 pts. Source: xStation5
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Open account Try demo Download mobile app Download mobile appTesla (TSLA.US) confirmed it had bought $1.5 billion of the digital currency on Monday to diversify reserves. The company also said it would start accepting bitcoin as a payment method for its products.
Palantir Technologies (PLTR.US) stock jumped more than 10.0% in premarket, after maker of data analysis software announced a partnership with IBM (IBM.US) that will augment IBM’s artificial intelligence offerings and make them easier to use. Palantir Chief Operating Officer Shyam Sankar told Bloomberg that the company expects to announce more such partnerships in the future.
Palantir Technologies (PLTR.US) stock bounced off the 50 SMA ( green line) on Friday and today, one can see that the upward move is being continued after the US open. Stock is testing the key resistance area at $37.60. If the current sentiment prevails, then upward move could be extended towards all-time high at $45.08. Source: xStation5
AstraZeneca (AZN.US) – South Africa officials halted the rollout of the company’s Covid-19 vaccine, after a study showed the vaccine is not effective against South African variant of the virus
Global Payments (GPN.US) stock rose 2.3% in the premarket after the company posted quarterly earnings of $1.80 per share, 4 cents per share above consensus estimates. Revenue matched analysts’ expectations however it was lower compared to previous year. Global Payments managed to lower its expenses as well. The payments technology company also announced a partnership with Google to develop a variety of cloud-based solutions for merchants.
Apple (AAPL.US) stock fell 0.4% after Hyundai announced that talks with the tech-giant on autonomous electric cars has been cancelled today, just a month after it confirmed early-stage talks with the i-phone producer.
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