- US stocks opened lower
- No progress on ceasefire after Kyiv-Moscow talks
- US CPI inflation surges in February
- CrowdStrike (CRWD.US) stock surges on upbeat quarterly results
- Goldman Sachs (GS.US) to close its Russian operations
US indices launched today's session lower. The Dow Jones fell 1.0%, while the S&P 500 and the Nasdaq 100 dropped 1.2% and 1.6%, as peace talks between Ukraine and Russia officials in Turkey made almost no progress on key issues and oil prices resumed upward movement raising additional inflation concerns. Ukraine Foreign Minister Dmytro Kuleba said the leadership in Moscow “live in their own reality” after the Kremlin foreign minister earlier denied that Russian forces had targeted civilians by destroying a children’s hospital and maternity ward on Wednesday. On the data front, the CPI inflation jumped to 7.9% in February, the highest since January of 1982, in line with market forecasts. Meanwhile weekly jobless claims rose by 11k to 227k, from a revised 216k in the previous week, above analysts' estimates of 217k.
US100 pulled back after a failed attempt of breaking above the resistance zone around 13825 pts, which is strengthened by 50 SMA (green line). Currently the index is testing local support at 13540 pts. Should break lower occur, downward move may accelerate towards 13160 pts which is marked with lower limit of the 1:1 structure and previous price reactions. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCompany news:
CrowdStrike (CRWD.US) stock jumped more than 12.0% in premarket after the cybersecurity company posted upbeat quarterly results. Company also provided a solid 2022 outlook. CrowdStrike said it would strongly pursue market share as cybersecurity demand accelerates.
CrowdStrike (CRWD.US) stock launched today's session with a bullish price gap and is currently approaching local resistance at $195.20 which coincides with 38.2% Fibonacci retracement of the upward wave launched in March 2020. Source; xStation5
Goldman Sachs (GS.US) announced on Thursday that it will close its operations in Russia. Goldman is the first major Wall Street bank which took such steps following the Kremlin's invasion of Ukraine.
Amazon.com (AMZN.US) stock surged over 5.0% in the premarket after the company announced a 20-for-1 stock split and a $10 billion share buyback program.
Tesla (TSLA.US) stock fell over 1.0% after the EV producer increased prices of its U.S. Model Y SUVs and Model 3 Long Range sedans by $1,000 each and some China-made Model 3 and Model Y vehicles by $1,582.40.
Asana (ASAN.US) stock lost more than 24.0% in the premarket despite the collaboration software company posted better than expected quarterly figures. However, upbeat results were overshadowed by weak guidance. Company expects a wider-than-expected loss for the current quarter.
JD.com (JD.US) stock plunged over 6.0% before the opening bell after the company reported its slowest revenue growth since early 2020.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
