empty
17.11.2021 03:15 PM
American premarket on November 17: new electric car manufacturer Rivian is trying to catch up with Tesla

US index futures traded virtually unchanged on Wednesday, as investors and traders took a break after the rally observed yesterday. Many are analyzing the reports of major retailers Target and Lowe's, and are also waiting for statements from representatives of the Federal Reserve System. Futures on the Dow Jones Industrial Average fell by 14 points, while the S&P 500 and Nasdaq 100 were virtually unchanged.

Yesterday's market strengthening was facilitated by data, which shows that American consumers continued to increase their spending before the big holidays due to fears of problems with goods as a result of supply chain disruptions. Reducing fears of contracting coronavirus has also led to stimulating spending by US residents, even despite the high inflationary pressure that has been observed recently. On Tuesday, the Commerce Department reported that retail sales rose 1.7% in October, much more than economists had expected. At the end of yesterday, the Dow added 54.77 points or 0.15%. The S&P 500 rose 0.39%, and the Nasdaq Composite jumped 0.76%.

Home Depot's strong quarterly results yesterday also had a positive impact on investor sentiment. The home goods retailer led the Dow's gains after the company's profit exceeded analysts' estimates.

TJX, Bath & Body Works, and Victoria's Secret will report today. Cisco Systems and Nvidia will attract attention from the technology sector.

Given that the release of important fundamental statistics is not planned for today, many market participants will focus their attention on interviews with representatives of the Federal Reserve System, who, most likely, will continue to assess the observed inflationary pressure. Hawkish statements by many leading Central Bank policymakers this week have already caused a stir, which led to a major rise in the dollar. However, so far the risk of an earlier rate hike in the US does not affect the desire of investors to reduce their investments in the stock market. On the contrary, strong economic growth only increases their appetite.

Now let's run through the premarket and talk about company news.

Tesla securities rose by about 1% in the premarket. Demand for shares persisted even after founder and CEO Elon Musk sold some of his shares to meet tax obligations.

This image is no longer relevant

The securities of another manufacturer of electric cars (Rivian) fell by almost 5% in the premarket. On average, the company's shares show an increase of 15% per day. The IPO price was $ 78, and yesterday the auction closed at $ 172.01.

This image is no longer relevant

But Visa shares were less fortunate. They fell by about 3.6% after Amazon said it would stop accepting payments with Visa credit cards issued in the UK starting in January next year. The reason is Visa's high fees for processing credit card transactions. Earlier this year, Visa raised its fees, which are charged to merchants for processing digital transactions between the UK and the European Union. It's all the fault of the new Brexit agreement, in which the EU restriction on interbank fees no longer applies in the UK – this allows company owners to independently set commissions within the network. Let me remind you that Mastercard has also increased the commission for transferring funds between the UK and the EU.

This image is no longer relevant

Among the leaders of the fall, Target can be singled out, which, after the publication of the report, noted some pressure on margins due to rising costs associated with problems in supply chains and compensation for additional costs. Against this background, shares in the premarket fell by 3.3%.

Boeing shares rose almost 2% in the premarket after the company received a $ 9 billion order from Akasa Air for its 737 MAX.

Today there was also news that the FDA promised to conduct a quick review of the application for approval of the Pfizer/BioNTech booster vaccine from COVID-19 for all adults. The decision can be made tomorrow. Against this background, BioNTech shares in the premarket rose by 1.3%, and Pfizer - by 0.7%.

As for the technical picture of the S&P 500 index

It is gradually returning to its historical highs - in the area of $ 4,718, as investors are counting on a more positive end to this year and on maintaining the soft policy of the Federal Reserve System. The level of $ 4,660 continues to act as support, the breakthrough of which will lead to increased pressure on the trading instrument and a larger drop in the index - to the area of $ 4,609 and $ 4,551. A breakthrough of $ 4,718 will open the way to $ 4,750 and $ 4,775.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

7月3日美國股市最新消息。SP500和NASDAQ創下新高

S&P 500 上漲了 0.47%,而納斯達克 100 則上漲了 0.94%。然而,工業道瓊斯指數下跌了 0.02%。

Jakub Novak 13:15 2025-07-03 UTC+2

美國股市:S&P 500創下新高紀錄

S&P500 星期三美國主要股指概況: * 道瓊指數:+0.0% * 納斯達克:+0.9% * S&P 500:+0.5% * S&P 500 收盤于 6,227,交易範圍在 5,700 – 6,300 之間。 S&P 500 昨日收於新高,儘管 ADP 就業報告令人失望,顯示 6 月私人部門失去 33,000 個工作崗位,然而整個交易日內表現穩健。

Jozef Kovach 13:15 2025-07-03 UTC+2

美國股市:多頭持穩,大盤領漲

S&P 500 概述 7月2日 美國市場:多頭堅守陣地,整體市場領漲 週二美國主要指數:道瓊斯 +0.9%,納斯達克 -0.8%,S&P 500 -0.1%。 S&P 500:6,198,交易區間:5,700-6,300。

Jozef Kovach 13:04 2025-07-02 UTC+2

美國股市7月2日最新動向:SP500及NASDAQ需求旺盛

昨日收盤時,美國股票指數呈現漲跌互見。S&P 500指數下跌0.11%,而Nasdaq 100指數下跌0.82%。

Jakub Novak 12:48 2025-07-02 UTC+2

美國市場保持在高點附近

S&P 500 7月1日概況 美國市場在高位暫停 週一主要美國指數:道指 +0.6%,NASDAQ +0.5%,S&P 500 +0.5%,S&P 500:6,204,交易範圍:5,700–6,300。 S&P 500和Nasdaq綜合指數在週五創下歷史新高,沒有任何因素阻止它們繼續上漲,進一步攀升至紀錄區域。

Jozef Kovach 11:53 2025-07-01 UTC+2

7月2日美國股市更新。SP500和NASDAQ持續穩定增長

在昨天交易結束時,美國股市指數收盤上漲。S&P 500 指數上漲了 0.52%,而納斯達克 100 指數上漲了 0.47%。

Jakub Novak 09:52 2025-07-01 UTC+2

6月30日美國股市更新。SP500指數創下新高,達到6,200點。通脹報告顯示滯脹跡象

S&P500 美國股市在重要新聞周前的最新動態。S&P 500 目標看至6,200。

Jozef Kovach 11:17 2025-06-30 UTC+2

美國股市6月27日最新動態:標普500指數和納斯達克指數達到新高

S&P 500 指數上漲了 0.80%,而 Nasdaq 100 上漲了 0.97%。道瓊工業平均指數上升了 0.84%。

Jakub Novak 11:58 2025-06-27 UTC+2

Nvidia 股價達到歷史新高

昨日,NASDAQ科技指數在正面區間收市,主要得益於Nvidia Corp.股票的上漲,其股價創下歷史新高。這家領先的AI芯片和半導體生產商持續上升,重奪全球最有價值公司的首位。

Jakub Novak 11:06 2025-06-26 UTC+2

股市正接近危險水準

在24小時圖上的#SPX工具的波浪型態顯得相當清晰。在這個階段,向上趨勢段的形成似乎已經完成。

Chin Zhao 12:35 2025-06-25 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
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.