empty
16.05.2022 02:55 PM
American premarket for May 16: cheaper shares of technology companies arouse interest among investors

Futures for the S&P 500 declined slightly in trading on Monday, correcting after the bullish rally seen at the end of last week. However, the rally was only small compensation for those terrible sales that occurred due to a serious collapse in technology stocks, pushing the broader S&P500 index to the brink of a bear market. Dow Jones futures were little changed after 7 weeks of losses, S&P 500 futures fell 0.1%, and Nasdaq-100 futures declined 0.3%. By the end of Friday, the Dow rose by 466.36 points, the S&P 500 rose by 2.39%, and the Nasdaq Composite jumped by 3.82%.

This image is no longer relevant

Despite this, the main indices are still showing losses. The Dow's series of falls was the worst since 2001. The S&P 500 index has been going through a 6-week series of losing sessions since June 2011.

Given the history of bear markets, combined with the fact that the Fed has just started a rate hike cycle and will continue to follow it for quite some time, demand is expected to continue to decline. The bullish rally we saw on Friday is likely to end as quickly as it started.

However, it should be understood that a large sale in the technology sector also provides an opportunity to buy cheaper companies that conduct some of the best businesses in the world. It is already clear that regardless of whether the bottom has been reached or not, there are good buying opportunities at the current lows of the market.

Several major retailers are due to report their first-quarter results this week. Reports from Walmart, Target, and Home Depot are expected. Investors will also be watching US retail sales data, which may give them an idea of how buyers and sellers are coping with inflation.

Premarket

Spirit Airlines' shares rose 19.3% in premarket trading after JetBlue announced a tender offer at $ 30 per share for its rival airline. Spirit rejected JetBlue's previous bid, preferring to keep the previously concluded merger deal with Frontier Airlines' parent company Frontier Group.

This image is no longer relevant

The securities of Carvana, a car seller, rose by 13.3% in the premarket after a fairly good profit forecast for 2023 was given. In a statement to the Securities and Exchange Commission, Carvana also detailed its cost-cutting plans.

Twitter fell 2% today in the premarket amid rumors that Musk may not complete a takeover deal for the social media platform. Over the weekend, Musk tweeted that he had violated a non-disclosure agreement by revealing the sample sizes used by Twitter when analyzing spam accounts.

Everyone's favorite Netflix gained 1.8% on the premarket.

As for the technical picture of the S&P 00

A good start to the week and the overlap of the morning gap allow buyers to reach the nearest resistance of $ 4,037. Until the moment when trading is conducted above $ 4,005, bulls can count on the continuation of the upward correction. This level can be tested immediately after the release of data on the US economy during the regular session. The protection of $ 4,005 and the growth from this level will strengthen the confidence of traders counting on an upward correction. However, it is still very early to talk about groping the bottom. Fixing above $ 4,037, the nearest resistance level will open up the possibility of a return to $ 4,069. In case of pessimism and more talk about high inflation and the need to fight it, we will see a major sell-off below $ 4,005. A decrease in the trading instrument under this level will quickly push $ 3,964 to a minimum. Having missed this range, it is best to postpone the purchase of a trading instrument to a minimum of $ 3,924.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Tiempo de cambios: Ripple contra la SEC, crisis de bonos y la batalla antimonopolio de Apple

La batalla de Ripple contra la SEC, que inesperadamente terminó con la victoria de la empresa cripto, abre nuevas perspectivas para los activos digitales. En este contexto, el mercado

Natalia Andreeva 12:07 2025-03-20 UTC+2

Mercado de valores el 20 de marzo: los índices S&P 500 y Nasdaq continúan recuperándose

Los índices bursátiles estadounidenses cerraron ayer con una fuerte subida. El S&P 500 aumentó un 1,1% y el Nasdaq 100 ganó un 1,41%. En este momento, los futuros del S&P

Jakub Novak 07:57 2025-03-20 UTC+2

Mercado de valores el 18 de marzo: los índices SP500 y NASDAQ suben por segundo día consecutivo

Los índices bursátiles estadounidenses cerraron ayer con una fuerte subida. El S&P 500 aumentó un 0,64%, mientras que el Nasdaq 100 ganó un 0,31%. Las acciones asiáticas también están subiendo

Jakub Novak 08:25 2025-03-18 UTC+2

El mercado de valores el 17 de marzo: los índices S&P 500 y NASDAQ siguen bajo presión

Los futuros de los índices bursátiles estadounidenses cayeron después de que el secretario del Tesoro, Scott Bessent, calificara la reciente caída como favorable, lo que reforzó la opinión

Jakub Novak 10:38 2025-03-17 UTC+2

El mercado de valores el 14 de marzo: los índices SP500 y NASDAQ continúan cayendo

Los futuros del índice de acciones S&P 500 y NASDAQ continuaron su fuerte descenso y volvieron al desarrollo de un escenario bajista. Las acciones asiáticas, así como los futuros

Jakub Novak 10:16 2025-03-14 UTC+2

Mercado de EE.UU. NASDAQ y S&P 500 en territorio de corrección: 10% por debajo de sus máximos.

S&P500 Análisis del 14 de marzo Mercado de EE.UU.: Corrección profunda. Principales índices de EE.UU. el jueves : : Dow -1.3%, NASDAQ -2%, S&P 500 -1.4%, S&P500 5521, rango 5400

Jozef Kovach 10:15 2025-03-14 UTC+2

Google, la Reserva Federal, Salesforce y los mercados de divisas: eventos que no se pueden ignorar

Los mercados modernos no se detienen: las nuevas tecnologías, los datos macroeconómicos y las decisiones políticas pueden cambiar instantáneamente el equilibrio de poder en la economía global. En este artículo

Natalia Andreeva 11:14 2025-03-13 UTC+2

S&P 500 se acerca a un punto de reversión. ¿Riesgo o oportunidad?

El mercado de valores estadounidense sigue mostrando una alta volatilidad, pero los inversores comienzan a buscar puntos de entrada después de la reciente caída. El enfoque está en la dinámica

Anna Zotova 11:14 2025-03-13 UTC+2

El mercado bursátil el 13 de marzo: el crecimiento de los índices S&P 500 y NASDAQ no duró mucho

Los futuros de los índices S&P 500 y NASDAQ volvieron a caer después de la publicación de los datos de inflación en EE. UU. de ayer, que, sorprendentemente, indicaron

Jakub Novak 07:55 2025-03-13 UTC+2

El mercado de valores el 12 de marzo: los índices SP500 y NASDAQ alcanzaron un nuevo mínimo

Los futuros del índice S&P 500 subieron un 0,2% después de perder un 0,76% al cierre de la jornada anterior, mientras que los contratos de futuros del Nasdaq 100 aumentaron

Jakub Novak 08:18 2025-03-12 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.