- Wall Street indices launch trading little change
- US500 reaches textbook range of a breakout from channel
- iRobot surges on Reuters report
Wall Street indices launched today's trading little changed - Dow Jones gained 0.1% at the opening, S&P 500 traded flat while Nasdaq and Russell 2000 were down 0.1-0.2%. However, small-cap Russell 2000 managed to recover from the drop later on and is now trading 0.6% higher on the day. Meanwhile, the other three Wall Street indices are trading more or less where they were at cash session launch.
Source: xStation5
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Open account Try demo Download mobile app Download mobile appS&P 500 futures (US500) are trading little changed on the day. Taking a look at US500 chart at D1 interval, we can see that the ongoing upward move slowed after price reached 4,580 pts area, marked with the textbook range of the upside breakout from the bearish channel. Given how quick and steep recent gains were, a correction cannot be ruled out. In case we see index start pulling back, the first near-term support zone to watch can be found in the 4,500 pts area.
Company News
Nvidia (NVDA.US) is trading slightly lower today. Drop comes after media reported that the company is facing delays in launch of its custom AI chip for Chinese customers. Reuters reported that the most powerful of three chips Nvidia is designing for a Chinese customer may have its launch delayed until first quarter of 2024.
Fisker (FSR.US) launched today's trading with a bullish price gap. Company filed a delayed Q3 2023 earnings report. Company said that some of the expenses in its preliminary quarter report were incorrectly recorded, and it has resulted in a net loss that was $4 million higher than in preliminary results. Fisker said that there is no substantial doubt about company's ability to operate as a going concern.
Shares of iRobot (IRBT.US), US household appliance company, are surging today. Reuters reported that Amazon (AMZN.US) is set to win unconditional antitrust approval for the iRobot acquisition from the European Union.
iRobot (IRBT.US) is surging after Reuters reported that EU is likely to greenlight company's acquisition by Amazon. A near-term resistance zone can be found in the $39.50 area. Source: xStation5
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