Wednesday's session on Wall Street began with moderate gains in the major US indices. The bullish momentum is provided by China's continued lifting of some of the Covidian restrictions. Companies, particularly Tesla (TSLA.US) are trying to recover somewhat from yesterday's sell-offs.
A rate hike at the next Fed meeting in February 2023 is certain. The current probability distribution looks like this: a near 70% chance of a 25-point hike and a 30% chance of a 50-point hike. Source: CME
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US index quotes. Source: xStation 5
Compilled charts of the US500 and VIX index on the D1 interval. The benchmark of the largest companies in the US is starting today's session higher. The VIX fear index is losing nearly 0.7% today. Source: xStation 5
News:
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After yesterday's massive sell-off in Tesla (TSLA.US) shares, the company's stock is trying to bounce back at the start of today's session and is gaining nearly 1.5%.
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The CEO of AMC (AMC.US) recommended that the company's board of directors freeze his salary and asked other board members to do the same. The shares are gaining nearly 1.2% early in the session.
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Southwest Airlines (LUV.US) shares are continuously under downward pressure, losing nearly 1.3%. The company continues to struggle with problems of flight delays and cancellations. A document confirmed by Bloomberg, which was sent by a high-ranking company executive, indicates that the company is in operational distress.
Volatility was highest among U.S. companies at the start of today's session. Source: xStation 5
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