empty
15.07.2022 02:07 PM
US premarket on July 15: US stocks close slightly higher

US stock futures rose slightly on Friday as traders expect the release of strong corporate reports and key data that will outline the state of the US economy. Dow Jones Industrial Average futures added 79 points, or 0.24%. S&P 500 and Nasdaq 100 futures rose by 0.2% and 0.1% respectively.

This image is no longer relevant

Wells Fargo reported today that second-quarter earnings had dropped by 48% compared to 2021. Earnings per share were 74 cents and revenue was $17.03 billion below economists' estimates of $17.53 billion. The bank managers said that market conditions were the reason to record a $576 million loss related to its venture capital business. Last month, Wells Fargo executives announced that second-quarter mortgage revenues would drop by 50% from the first quarter as a sharp rise in interest rates curbed consumer purchasing power. Citigroup's report is due today.

Yesterday, investors became disappointed after analyzing the data from JPMorgan Chase and Morgan Stanley. The large earnings of the banks did not favor the shares to hold their levels. Further US interest rate hike will lead to even larger bank profits. However, it may reinforce looming fears of economic recession. JPMorgan Chase stocks fell by 3.5% yesterday, while Morgan Stanley shares sank by 0.4% after traders reported weaker-than-expected investment banking earnings.

The latest US inflation data confirmed the risk of the Fed's more aggressive rate hikes. Many Fed executives mentioned that the committee planned to fight further price pressures aggressively after it had been reported that US consumer prices had risen faster than forecasted, i.e. by 9.1% year-on-year. Investors are now betting that the Fed is likely to raise borrowing costs by 100 basis points at its July 26-27 meeting. It would be the biggest increase in history since the Fed began using interest rates to implement monetary policy in the early 1990s.

A significant retail sales report for June as well as preliminary consumer sentiment data for July are due today. On the one hand, strong data will be favorable to US economy, but on the one hand they will hurt it as it will only increase inflationary pressures.

Premarket

Pinterest has already reported its results. Moreover, its stock added 14% on the premarket after it was reported that Elliott Management had bought more than 9% of the company's shares.

This image is no longer relevant

Technical picture of S&P500

The situation stabilized after the major economic reports were released. This fact was the reason for reducing a rather strong drawdown. Currently, the buyers are mainly targeting the level of $3,801. Its break will end the current selling cycle, expecting a recovery to $3,835. The index will rise above this level to the area of $3,872, where major sellers will return to the market. However, some traders will probably try to lock in profit on long positions. The level of $3,975 will be considered a more distant target. In case of weak fundamental data and corporate reports, the buyers will have to defend the nearest support at 3,773. If they lose this level, the index will sink to the area of $3,773 and 3,774. A more stable level of $3,704 is lightly lower, where buyers will act more aggressively again.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Mercado acionário dos EUA: Tarifas de Trump interrompem tendência de alta, e investidores aguardam dados do PCE

Mercado de ações dos EUA: As tarifas de Trump interrompem a tendência de alta, de modo que os índices acionários de referência estão se consolidando. Dados de PCE no radar

Jozef Kovach 16:44 2025-03-28 UTC+2

Mercado de ações em 28 de março: S&P 500 e NASDAQ em uma posição difícil

Ao final da sessão regular de ontem, os principais índices acionários dos Estados Unidos encerraram em baixa. O S&P 500 recuou 0,33%, o Nasdaq 100 caiu 0,53%

Jakub Novak 15:07 2025-03-28 UTC+2

O mercado dos EUA cai com as tarifas de Trump, que corroem a confiança nas perspectivas econômicas

S&P 500 Visão geral para 27 de março O mercado dos EUA caiu devido a novos temores de tarifas e incerteza econômica. Principais índices dos EUA na quarta-feira: Dow: -0,3%

Jozef Kovach 17:21 2025-03-27 UTC+2

Mercado de ações em 27 de março: S&P 500 e NASDAQ despencaram após as últimas tarifas de Trump

No fechamento da sessão regular de terça-feira, os índices acionários dos E.U.A. terminaram em território negativo. O S&P 500 caiu 1,12%, enquanto o Nasdaq 100 caiu 2,24%. O Dow Jones

Jakub Novak 16:56 2025-03-27 UTC+2

O mercado acionário dos EUA está apresentando um crescimento modesto

S&P500 Atualização do mercado de ações em 26 de março Instantâneo dos índices de ações dos EUA na terça-feira: * Dow +0%, NASDAQ +0,5%, * S&P 500 +0,2%, * S&P

Jozef Kovach 16:46 2025-03-26 UTC+2

Atualização do mercado de ações para 26 de março: S&P 500 e NASDAQ continuam a se recuperar gradualmente

No fechamento da sessão regular de ontem, os índices acionários dos Estados Unidos encerraram em território positivo. O S&P 500 subiu 0,16%, enquanto o Nasdaq 100 avançou 0,46%

Jakub Novak 14:35 2025-03-26 UTC+2

O mercado de ações dos EUA ganha novo impulso de alta. Os investidores percebem o sinal de que a correção para baixo acabou

S&P500 Atualização do mercado em 25 de março Instantâneo do mercado acionário dos EUA na segunda-feira: Dow +1.4%, NASDAQ +2.3%, S&P 500 +1.8%, S&P 500 negociado a 5,767em uma faixa

Jozef Kovach 15:49 2025-03-25 UTC+2

Mercado acionário dos EUA em 24 de março: S&P 500 e Nasdaq ganham força com as notícias sobre tarifas

Hoje, os futuros de ações dos EUA e da Europa estão sendo negociados em alta em meio a sinais de que a próxima rodada de tarifas do Presidente Donald Trump

Jakub Novak 17:13 2025-03-24 UTC+2

O mercado dos EUA tenta se recuperar. Perspectivas de um ataque dos EUA ao Irã sustentam os preços do petróleo

S&P 500 Visão geral para 24 de março O mercado dos EUA está tentando se recuperar. Principais índices dos EUA na sexta-feira: - Dow: +0,1% - NASDAQ: +0,5% - S&P

Jozef Kovach 16:50 2025-03-24 UTC+2

S&P 500: Da Euforia à Queda

A onda de otimismo que tomou conta dos mercados de ações dos EUA após a reeleição de Donald Trump teve vida curta. A euforia rapidamente deu lugar a uma profunda

Anna Zotova 15:41 2025-03-24 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.