- US stocks opened lower
- US NY Empire index unexpectedly fell sharply in January
- US government bond yields highest since early 2020
- Microsoft (MSFT.US) will buy Activision (ATVI.US)
- Goldman Sachs (GS.US) stock fell 7% after mixed quarterly results
US indices launched today's session sharply lower, with contracts on the 3 main averages losing around 1% each, pressured by weak Goldman Sachs quarterly results, disappointing reading of New York Empire State Manufacturing Index amid soaring Treasury yields which hit Covid-era highs. The closely watched 2-year yield jumped above 1% for the first time since February 2020, while the benchmark 10-year note hitting 1.83%, its highest since January 2020. On the data front, New York Empire State Manufacturing Index plunged to -0.7 in January from 31.9 in December, ending 18 straight months of expansion.
US30 launched today's sesion lower and is currently testing local support 35500 pts. Should break lower occur, downward move may accelerate towards support at 34720 pts which is marked with lower limit of the 1:1 structure, 200 SMA (red line) and 61.8% Fibonacci retracement of the last upward wave. Source: xStation5
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Goldman Sachs (GS.US) stock dropped over 7.0% in the premarket after the bank giant posted disappointing Q4 results. Company earned $10.81 per share well below analysts estimates of $11.76, although investment banking revenue jumped 45% to $3.80 billion.
Goldman Sachs (GS.US) stock launched today's session with a bearish price gap and is testing major support level at $358.00 which is marked with previous price reactions and 23.6% Fibonacci retracement of the last upward wave launched in March 2021. Should break lower occur, the next target for sellers is located around $314.00. Source: xStation5
Activision (ATVI.US) stock soared about 37% in premarket after Wall Street Journal reported that Microsoft will buy the video game giant for $68.5 billion.
Alibaba (BABA.US) stock fell nearly 4.0% before the opening bell after the Biden administration was reviewing the China-based company's cloud unit to see if it poses a risk to US national security according to Reuters. US officials are concerned that data hosted there could be accessible to the Chinese government.
Peloton (PTON.US) shares lost 2.0% in premarket after the maker of exercise machines announced it will start charging customers for installation, a service that had previously been free.
Unilever (UL.US) stock plunged nearly 10% after the company made a $68 billion bid for GlaxoSmithKline’s (GSK.UK) consumer business.
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