US OPEN: Lower opening of the session on Wall Street

• Wall Street indices start today's session with declines

• US100 struggles near the 12,500 point zone

US100 index chart, D1 interval. Today's session on the American market brings a lower opening for the benchmark index of technology companies. From the perspective of technical analysis, the quotations are once again attacking the level of 12 500 points, which at the moment is the fundamental support for the rebound lasting from the end of May. Source: xStation5 

News:

• US Jobless Claims came in at 229,000, with the expectation of 206,000 and the previous level of 202,000. Continuing claims came in at 1.306 million with the previous level of 1.309 million and the expectation of 1.303 million. The data shows minimal deterioration in the labor market, although the state of the labor market is still very strong.

• Stock market index valuations fell slightly after the ECB's decision to leave rates on hold and end QE on July 1. The ECB's statement about the July 25bp rate hike rather negates the chances for a larger move, at the same time indicating that the September hike will depend on the outlook (here still a chance for 50bp).

• Yields on 10-year US Treasury bonds remain above 3%. 

• Tesla (TSLA.US) shares are rallying in today's session after production at a factory in China tripled in May from April and UBS bank upgraded its rating on the stock, saying the electric car maker's operating outlook is extremely good.

• Target (TGT.US) raised its dividend by 20% to $1.08 per share. 

• Novavax (NVAX.US) is performing poorly, reacting to news of a possible delay in U.S. FDA approval of a COVID-19 vaccine developed by the company. 

• Intel (INTC.US) announced that it will suspend hiring in its Client Computing Group due to the need to re-evaluate spending and macroeconomic uncertainty.

• NIO (NIO.US) shares are losing more than 5% after a quarterly report that indicated declining margins and a negative outlook by supply chain issues. The negative sentiment overshadowed a smaller-than-expected quarterly loss and revenue that exceeded forecasts.