empty
24.11.2021 02:34 PM
US premarket for November 24: US bond market rates continue to rise

US stock index futures declined slightly in morning trading on Wednesday as a continued rise in US bond rates refrained investors from stocks of the technology sector. Futures on the Dow Jones Industrial Average fell by 92 pips, or 0.3%. S&P 500 futures declined by 0.2% and Nasdaq 100 futures fell by 0.2%.

Weak quarterly reports from some major companies in the S&P500 index also put some pressure on the index. During the premarket, Nordstrom's securities fell by 27% after the company announced a decline in profits for the third quarter.

This image is no longer relevant

Investors are concerned about the growing number of coronavirus cases in Europe, as Germany, following Austria, is considering the introduction of lockdown. Amid this background, risky assets on the currency market, including the euro, are showing weak numbers at the moment.

Today, a lot of economic data on the US market is expected, which may become the main driver in the market. Initial jobless claims in the US will be released with the US GDP growth report for Q3 (second estimate) along with the Fed's inflation indicator will be published. The Fed minutes from its last meeting will also be released.

Bond yields are rising

This image is no longer relevant

US bond yields continue to rise. The sharp decline in bond demand and rising yields began earlier this week after US President Joe Biden appointed Jerome Powell to a second term as the Federal Reserve chairman. The 10-year Treasury bond yield is now at 1.65%, up from 1.55% last week. The rate hike made investors flee technology stocks, transferring their assets into financial and energy stocks.

Tomorrow the US markets will be closed for Thanksgiving and there will be a shortened trading session on Friday morning. Therefore, today is the last volatile day this week when the market will be of any serious interest.

Now let's take a quick look at the premarket and talk about company news:

This image is no longer relevant

Tesla shares fell after Elon Musk sold his stock estimated at $1 billion. Musk has been selling a lot of his shares recently. During the premarket, the company's shares declined by 1.0%. The company recently said that Tesla was ready to spend more than $1 billion on a new auto plant in Austin, Texas, and intended to complete several major elements of the plant by December 31. The company is calling the project a "Gigafactory", which will produce the electric Cybertruck pickup as well as Model 3 and Model Y electric cars.

Shares of computer hardware maker HP climbed by more than 6% at the premarket after the company reported Q3 earnings this year exceeded economists' forecasts.

As for the S&P500 index

This image is no longer relevant

As long as bulls are holding the price above support of $4,660 and as long as the trading is carried out above that level, we can expect the price to return to the resistance area of $4,718. If bears manage to break through this level, the pressure on the trading instrument is likely to return and we may see a decline to the next level of $3,609.

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

Os mercados aguardam ansiosamente a reunião de política monetária do Fed (potencial de crescimento renovado do Bitcoin e do #NDX)

Os mercados permanecem sob tensão. O Índice Dólar dos EUA e o mercado de criptomoedas estão estagnados, presos entre forças opostas, enquanto os investidores aguardam com expectativa o desfecho

Pati Gani 16:02 2025-05-06 UTC+2

USD/CAD. Análise e previsão

Hoje, o par USD/CAD opera em território positivo, mantendo-se dentro de uma faixa já conhecida, mas sem apresentar um impulso de compra expressivo. A valorização do dólar norte-americano, após dois

Irina Yanina 14:42 2025-05-06 UTC+2

EUR/USD. Análise e previsão

O par EUR/USD continua enfrentando dificuldades para definir uma direção clara no curto prazo, sendo negociado dentro de uma faixa lateral há vários dias, enquanto os mercados aguardam sinais mais

Irina Yanina 14:20 2025-05-06 UTC+2

O dólar norte-americano: Previsão semanal

A sequência de notícias e eventos nos Estados Unidos continuará. Ainda considero que o fator mais influente no mercado são as decisões de Donald Trump. Basta comparar os movimentos

Chin Zhao 21:51 2025-05-05 UTC+2

XAU/USD. Análise e previsão

O ouro continua a demonstrar resiliência, superando o importante nível psicológico de $3.300. As tensões geopolíticas, resultantes do prolongado conflito entre Rússia e Ucrânia, assim como o agravamento das hostilidades

Irina Yanina 18:43 2025-05-05 UTC+2

USD/CHF: Análise e previsão

O par USD/CHF segue sob pressão no início da nova semana, atraindo vendedores pelo segundo dia consecutivo, sendo impactado por diversos fatores. No entanto, os preços à vista permanecem contidos

Irina Yanina 18:38 2025-05-05 UTC+2

O Fed pode surpreender após sua reunião? (Possível queda renovada nos preços do petróleo e no par GBP/USD)

A turbulência dos últimos meses, impulsionada pelas ações de Donald Trump e pela divulgação de novos dados econômicos dos EUA, pouco ajudou os investidores a entender a real direção

Pati Gani 18:19 2025-05-05 UTC+2

GBP/USD - 5 de maio: Reuniões do Banco da Inglaterra e do Fed

O par GBP/USD não apresentou nenhum movimento decisivo na sexta-feira — não subiu nem caiu de forma significativa. Muitos analistas interpretaram os dados do mercado de trabalho e do desemprego

Paolo Greco 18:09 2025-05-05 UTC+2

O mercado não se atreve a desafiar o movimento da manada

"Dance enquanto a música toca." O S&P 500 acaba de completar uma sequência de nove dias de alta — a mais longa desde 2024 — impulsionada por um forte relatório

Marek Petkovich 16:38 2025-05-05 UTC+2

USD/JPY: Um período difícil para o iene

O Banco do Japão concluiu sua última reunião de política, deixando todos os parâmetros de política monetária inalterados. A postura dovish do banco central não agradou aos vendedores do USD/JPY

Irina Manzenko 19:19 2025-05-02 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.