Home » U.S. stocks pre-market: Gold fell 2%, Dow futures rose about 200 points, Tesla fell 4% Provided by Investing.com

U.S. stocks pre-market: Gold fell 2%, Dow futures rose about 200 points, Tesla fell 4% Provided by Investing.com

by admin
U.S. stocks pre-market: Gold fell 2%, Dow futures rose about 200 points, Tesla fell 4% Provided by Investing.com

U.S. Stock Index Futures Rebound as Investors Await Financial Reports

Investing.com – U.S. stock index futures rebounded before the market opened on Monday (22nd), with the Dow futures rising by about 200 points and the Nasdaq futures exceeding 100 points. Gold plummeted by more than 2%, with a drop of as much as $50. The situation in the Middle East has not escalated over the weekend, maintaining a trend of cooling down.

Investors are now turning their focus to the financial reports of more than 170 S&P 500 index companies set to be released later this week. Companies such as Tesla, Microsoft, Google, and Meta are among the giants whose reports are highly anticipated.

The Fed’s favorite PCE price index is also scheduled to be released this week, which is expected to have a significant impact on the market. The Fed’s turn towards hawkishness last week has become increasingly apparent. However, no important economic data was released in the US market during the day.

In pre-market stocks, Tesla fell by 4.3% after announcing price cuts in several major markets. Apple Inc rose by 0.6% following a positive report from Morgan Stanley. Verizon rose by 1.4% after reporting fewer mobile network subscriber losses than expected. Salesforce rose by 3.3% after abandoning an acquisition deal, while Quanex fell by 3.8% after announcing plans to acquire a British rival.

Healthcare company Cardinal Health fell by 2% after announcing the expiration of a contract with a pharmacy benefit manager. CNH Industrial fell by 4.5% following the resignation of CEO Scott Wine. Ericsson rose by 2.5% despite confirming layoffs in China. Nokia rose by 5%, denying rumors of reduced orders from a supplier.

See also  Samsung announces Galaxy Z Flip4 and Galaxy Z Fold4

Gold stocks fell, with companies like Kinross Gold, Newmont Mining, and Barrick Gold seeing significant drops. Cryptocurrency stocks rose slightly, reaching a two-week high. NVIDIA rebounded by 1.3%, while Microsoft, Amazon, Google parent Alphabet, and Meta Platforms also saw gains.

Chinese concept stocks saw mixed movements, with the China Internet ETF rising by 1.6%. Electric vehicle stocks like Li Auto, NIO, and Xpeng Motors fell, while companies like Bilibili, iQiyi, and Alibaba saw gains.

In other markets, most European and Asia-Pacific stock markets rebounded, with some indices rising by about 1%. Gold fell sharply, and the Comex exchange fell more than 2%. Financial reports for the day include companies like Albertsons Companies, SAP SE, Nucor Corp, and others.

Investors are advised to stay tuned for the latest updates as the market continues to react to financial reports and economic data releases.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy