2024-03-06 13:43:35
Wall Street is expected to open the trading day with price increases in the leading indices after yesterday’s volatile trading day closed with price decreases led by the Nasdaq 100 which lost 1.8%. While chip stocks hold the market, Apple continued to make it difficult for the indices with another 2.8% drop to a four-month low.
The 10-year yields are trading at a stable level of 4.14% in the 10-year treasury bonds. This evening Fed Chairman Jerome Powell may give a speech as the market looks for clues regarding the direction of interest rates.
In Europe, stability with a tendency to slight increases, the DEX rises 0.1%, the CAC adds 0.1% and the UK trades up 0.3%. In Asia the trend is mixed, Hong Kong rose 1.7%, the Korean Cospi lost 0.3% and Japan closed unchanged.
Bitcoin rises today to the level of 66.1 thousand dollars, after yesterday it set a new record and then plunged close to 10 thousand dollars down and then corrected. WTI crude oil rises to $79.1 per barrel.
Shares in titles
Foot Locker (FL) is losing over 11% in early trade after weak reports for the final quarter of the year and a weak holiday season. The company moved to a quarterly loss and was far from the financial goals.
Crowd Strike (CRWD) soars over 20% in early trading after posting strong fourth quarter results. The cyber company earned 82 cents per share on revenue of $845 million.
Ross Stores (ROST) loses about 2% in early trading despite results that exceeded the profit and revenue forecast in the fourth quarter of the year.
Nordstrom ( JWN ) is plunging more than 10% in early trading after the department store chain issued a flat revenue forecast for the coming year.
Coinbase (COIN) is up 4% in early trading and continues to gather interest after plunging over 5% yesterday after Bitcoin hit a new high and plunged afterward.
Palantir Technologies ( PLTR ) is jumping over 8% in early trading after reporting a $178 million contract with the US government to develop AI technology.
#Wall #Street #recover #nights #falls