empty
28.07.2022 02:09 PM
Premarket trading on July 28. US stock indices to plunge following GDP data

Futures on US stock indices declined slightly on Thursday after a stellar rally in the previous session. Stocks surged following the Fed's meeting and a 0.75 basis point rate increase. Futures on the Dow Jones Industrial Average Index fell by 47 or 0.2%. The S&P 500 futures lost 0.2% and the Nasdaq 100 futures dropped by 0.6%.

This image is no longer relevant

After the Fed's monetary policy decision, investors were confident that the Fed would be able to rein in inflation without the risk of a recession. It appears Jerome Powell's dovish statements the Fed will make a final decision on the key rate at the September meeting taking into account inflation data for August somewhat fueled optimism on Wall Street. So, many analysts are betting on the stabilization of the stock market, which has performed an upward correction after a massive sell-off this spring. Following the results of yesterday's session, the Dow jumped by more than 400. The S&P500 and Nasdaq Composite added 2.6% and 4.06%, respectively.

Given such a market reaction, investors seem to believe that the economy remains resilient and the Fed's actions aimed at combating inflation by raising interest rates will not hurt it. Fed Chairman Jerome Powell on Wednesday said at a press conference that he does not believe that the economy has entered a recession. "I do not think the US is currently in a recession. And the reason is, there are just too many areas of the economy that are performing too well," he said.

Today, the GDP data for the second quarter will be in the limelight. According to the National Bureau of Economic Research, the second consecutive negative quarter will indicate the start of a recession in the economy. If so, stocks may drop drastically today. Analysts expect the economy to expand by only 0.4% after a sharp contraction of 1.6% in the first quarter. If the reading is negative, a rally on Wall Street will end.

Today, Apple, Amazon, Intel, and Roku are going to reveal their earnings reports after the end of trading.

This image is no longer relevant

Premarket trading:

Spirit Airlines shares rose by 3.9% in the premarket after the announcement of the company's acquisition by JetBlue. JetBlue said it would pay $33.50 per share in cash for Spirit.

The shares of solar energy companies have also risen significantly. Such an increase occurred after Democratic Senator Joe Manchin agreed to provide financial support for clean energy companies. Shares of Sunrun (RUN) grew by 11.2%, Sunnova (NOVA) advanced by 12.9%, First Solar (FSLR) jumped by 9.9%, and SunPower (SPWR) soared by 11.9%.

Harley-Davidson, a motorcycle manufacturer, shares added 5% in the premarket after the company reported higher-than-expected revenue for the second quarter. Ford shares gained 6.3% in premarket trading as the company beat estimates for second-quarter earnings. Adjusted earnings per share were 68 cents, beating Wall Street estimates of 45 cents,

Outlook for S&P500

The bulls pushed the index to new swing highs yesterday. They are not ready to give up. So, the index is likely to rise higher. Its further movements will largely depend on the US GDP report. To cement an upward movement, the price needs to return to $4,040 as soon as possible. It will open the way to the resistance level of $4,065. If so, an increase to $4,090 may take place. After that, the bears are likely to return to the market. At least there will be those who will be willing to lock into profits. A more distant target will be the $4,122 level. If the new earnings reports and the second-quarter GDP figure are weak, the bulls will have to defend the nearest support level of $4,000. However, it is unlikely to consolidate above this level. If so, the breakout will push the index back to $3,965. If this scenario comes true, the index will sink to $3,942 and $3,905. At the level of $3,872, the bulls could try to regain momentum.

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

O mercado de ações está se aproximando de níveis críticos.

O padrão de ondas no gráfico diário (24h) do #SPX parece, em linhas gerais, bem definido. No momento, presume-se que a formação de um segmento de tendência de alta tenha

Chin Zhao 17:11 2025-06-25 UTC+2

Atualização sobre o mercado de ações dos EUA em 25 de junho. Principais índices de ações crescem em confiança

S&P500 Resumo dos principais índices da bolsa dos EUA na terça-feira: Dow +1,2%, NASDAQ +1,4%, S&P 500 +1,1% (fechou em 6.092, dentro de uma faixa de 5.700 a 6.300)

Jozef Kovach 16:47 2025-06-25 UTC+2

Mercado de ações dos EUA em alta com o anúncio do cessar-fogo entre Israel e Irã

S&P500 Resumo dos índices de referência das bolsas dos EUA na segunda-feira: Dow +0,9%, NASDAQ +0,9%, S&P 500 +1%, S&P 500 em 6.025, variação entre 5.600 e 6.200 Nas primeiras

Jozef Kovach 17:09 2025-06-24 UTC+2

Atualização sobre os índices de ações dos EUA em 24 de junho. SP500 e NASDAQ sobem em meio a boas notícias

Os índices de ações dos EUA fecharam em alta ontem. O S&P 500 subiu 0,94% e o Nasdaq 100 também avançou 0,94%. O Dow Jones Industrial Average fortaleceu-se 0,88%

Jakub Novak 17:01 2025-06-24 UTC+2

Previsão para o S&P 500 para 24 de junho de 2025

S&P 500 A nova semana começou com um crescimento confiante para o S&P 500. O apoio do indicador da linha de equilíbrio (a média móvel vermelha) no período semanal funcionou

Laurie Bailey 14:55 2025-06-24 UTC+2

Atualização sobre o mercado de ações dos EUA em 23 de junho. Índices de ações dos EUA fecham com resultados mistos. Petróleo é negociado em alta em meio a tensões geopolíticas

Na última sexta-feira, os índices de ações dos EUA fecharam com resultados mistos. O S&P 500 caiu 0,22% e o Nasdaq 100 perdeu 0,55%, enquanto o Dow Jones Industrial ganhou

Jakub Novak 18:04 2025-06-23 UTC+2

A tendência de alta no mercado de ações dos EUA está prestes a quebrar. O mercado manterá o ímpeto de alta até o final do verão?

O mercado de ações dos EUA mantém uma aparência de estabilidade, mas a base por trás dessa calma pode ser frágil. Os índices permanecem próximos de máximos históricos. No entanto

Anna Zotova 17:42 2025-06-20 UTC+2

Atualização do mercado de ações dos EUA em 20 de junho: S&P 500 e Nasdaq abrem em alta.

Ontem, os mercados financeiros dos EUA permaneceram fechados. Os índices de ações dos EUA encerraram o pregão eletrônico com resultados mistos: o S&P 500 recuou 0,03%, o Nasdaq 100 avançou

Jakub Novak 16:12 2025-06-20 UTC+2

Previsão do S&P 500 para 20 de junho de 2025

Nas últimas seis semanas, o preço não conseguiu testar a resistência da linha do indicador MACD no gráfico semanal. No entanto, a recente consolidação acima do nível de 5.908

Laurie Bailey 14:15 2025-06-20 UTC+2

Superfície tranquila, tensão crescente: mercados entre petróleo, inflação e riscos no Oriente Médio

O mercado de ações dos EUA apresenta desempenho misto, refletindo a visão ambivalente dos investidores após o feriado. Na sessão mais recente, o índice S&P 500 recuou 0,03%, enquanto

Anna Zotova 15:11 2025-06-19 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.