Trading on Wall Street is expected to open with price increases, while the futures contracts on the Nasdaq 100 index strengthen by nearly 1%. Last night, the indices closed trading in a mixed trend, the S&P 500 index lost 0.15% and closed a consecutive Wednesday of price decreases, the Hanesd index K increased by 0.13%.
The oil futures contract strengthened by 1% to the level of 74.8 dollars per barrel of light crude. Natural gas traded in the US drops 2.6% to $2.11, after yesterday it jumped sharply but not before falling below the psychological level of $2. Natural gas in the US has lost approximately 67% of its peak last December and approximately 80% of its peak in August the last one.
The US government’s 10-year bonds are rising to 3.95% today and after yesterday’s Fed protocol the final word on interest rate hikes has not yet been said.
The report season is still alive and kicking, after the trade Intuit (INTU), Booking (BKNG), Mercadolibera (MELI), Block (SQ), Autodesk (ADSK) and more will report.
In Europe, the markets continue to show strength, the dex strengthened by 0.5%, the KAC increased by 0.4%, the British Potsi decreased by 0.1%.
Shares in titles
Nvidia ( NVDA ) is up 10% in early trading after strong reports last night after beating forecasts. The company announced that the entry of companies into AI technology is the company’s next opportunity.
Lucid (LCID) receives a recommendation downgrade from Bank of America Securities to Neutral from Kenya and a target price of $10 per share.
Wix (WIX) receives a recommendation upgrade from Piper & Sandler to neutral and underperform and a target price of $99 per share.
Intel (INTC) receives a recommendation upgrade from Morgan Stanley to market weight from overweight and a target price of $28 per share.
Alibaba (BABA) is up 6% in early trading after reports beat forecasts on both the profit and revenue lines.
Ebay (EBAY) loses 5% in early trading after reports that it overtook the revenue line and slightly missed the profit line. The company provides a profit forecast for the next quarter that meets the lower average of the forecasts.
Etsy (ETSY) is up 3% in early trading after beating its revenue forecast for the last quarter a year. The company provides a revenue forecast that is exactly in the middle of the market range.