- Powell tells CBS America is going back to work
- Microsoft in talks to acquire Nuance Communications (NUAN.US)
US indices launched today's session slightly lower amid steady Treasury yields as investors await the beginning of the US earnings season that is expected to throw light on the health of Corporate America and the economy. Goldman Sachs, JPMorgan Chase and Wells Fargo are due to report quarterly results on Wednesday. On the data front, inflation figures, export and import prices, retail sales and industrial production data will also be in the spotlight. Fed Chair Powell said during an interview to CBS news' "60 Minutes" the central bank wants to see inflation move up to 2% and the US economy is at an inflection point and is about to start growing much more quickly although there is still the risk the disease would spread again.
US2000 is approaching resistance at 2248 pts which coincides with 200 SMA (red line), 50 SMA ( green line) and upper limit of the descending channel. If buyers will manage to break above the aforementioned resistance zone, then another upward impulse towards next resistance at 2305 pts may be launched. On the other hand, if sellers manage to halt advances, then downward move may be extended towards the lower limit of the channel or even to the support at 2170.5 pts. Source: xStation5
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Open real account TRY DEMO Download mobile app Download mobile appNuance Communications (NUAN.US) stock jumped 24% in premarket on news that Microsoft (MSFT.US) is reportedly willing to acquire Nuance, a person familiar with the matter told CNBC adding that Microsoft is willing to pay about $56 per share. A deal could be announced as early as Monday. Shares of Microsoft were little change.
Nuance Communications (NUAN.US) stock soared nearly 24% in Monday’s premarket to over $56, what is the price Microsoft is allegedly willing to pay for the company. Therefore, the risk of a correction is high. The nearest support lies at $51.50. Source: xStation5
Tesla (TSLA.US) stock rose more than 1.0% in premarket after Canaccord Genuity upgraded electric car manufacturer stock to ‘buy’ from ‘hold’, saying the company’s battery storage business warrants the company’s rich valuation.
Uber (UBER.US) stock rose more than 2.0% in premarket after the company posted record gross bookings for March, with its ride-hailing business improving 9% on a monthly basis. Uber noticed that demand is recovering faster than driver availability as vaccines roll out across the country.
Johnson & Johnson (JNJ.US) stock fell 0.6% in premarket after the European Medicines Agency said Friday started to look at the issue of blood clots in people who had taken JNJ Covid-19 vaccine.
