empty
22.03.2022 03:12 PM
US Premarket on March 22: Bullish stock market rally continues

US stock index futures rose on Tuesday, completely ignoring yesterday's statements by Federal Reserve Chairman Jerome Powell about the prospects for an interest rate hike. Dow Jones Industrial Average futures rose about 140 points or 0.4%. S&P 500 futures gained 0.2%, while Nasdaq 100 futures were virtually unchanged.

This image is no longer relevant

Yesterday, the regular session ended with a speech by the head of the Fed, who touched on the extremely important topic of interest rates in the United States. Powell said that the Central Bank is ready to raise interest rates by half a percent at its next meeting, but on condition that it is necessary. Jerome Powell's more aggressive tone on containing inflation is very different from the one he used just a few days earlier when talking about the Central Bank's plans for monetary policy. New internal data on the state of the economy forced the head of the Fed to make such statements to prepare the markets for the planned more aggressive changes.

Against this background, some market participants have raised their expectations regarding the growth of rates. Goldman Sachs has changed its forecast and already expects an increase of 50 basis points at once at meetings in May and June. UBS is also betting on a more aggressive approach. "We think the chances of a 50 basis point interest rate hike will continue to grow," said Jonathan Pingle, chief US economist at UBS. Against this background, the yield on 10-year US Treasury bonds rose to the highest level since 2019 and is now above 2.35%. Next, the shares of banks rose, for which an increase in interest rates is equivalent to an increase in income. JPMorgan and Bank of America were up about 0.8% in premarket trading.

This image is no longer relevant

Investors also continue to monitor the situation in Eastern Europe. Yesterday, US President Joe Biden said that, in his opinion, Russian President Vladimir Putin "pressed his back to the wall" because the war with Ukraine has reached a deadlock.

Premarket:

Nike shares rose after reporting quarterly earnings of 87 cents per share, up 16 cents from estimates. Revenue also exceeded estimates, helped by the growth of digital sales. Nike jumped 6.3%, while its competitor Foot Locker rose 1.4%.

Alibaba's securities also rose seriously in the premarket after the news that the company increased its share repurchase program to $ 25 billion - this was the largest buyback for the Chinese e-commerce giant. Alibaba shares rose 8% in premarket trading.

This image is no longer relevant

Tencent Music shares rose 4.5% in premarket trading after the company reported a higher-than-expected quarterly profit.

Shares of Paramount's office-focused real estate investment fund rose 1.9% in premarket trading after it rejected a takeover offer from asset management company Monarch Alternative Capital. Paramount said the $ 12 per share offer significantly undervalues the company but said it remains open to any offers.

As for the technical picture of the S&P 500

Yesterday's rise above $ 4,433 indicates a continuation of the bullish rally, which can be expected today. Bulls will certainly try to continue the uptrend, which will lead to an update of $ 4,488. Going beyond this level will open a direct path for the trading instrument to the highs: $ 4,539 and $ 4,588. In case of a return of pressure on the index, the first support level will be seen at around $ 4,433. If there are no particularly willing to buy there, a breakdown of this range can quickly dump the trading instrument to the lows: $ 4,382 and $ 4,319, after which the bulls will have to start all over again.

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

Mercado bursátil el 9 de julio: el SP500 y el NASDAQ enfrentan dificultades para crecer

Al cierre del día de ayer, los índices bursátiles estadounidenses terminaron con resultados mixtos. El S&P 500 perdió un 0,07%, mientras que el Nasdaq 100 subió un 0,03%

Jakub Novak 08:07 2025-07-09 UTC+2

Mercado bursátil el 8 de julio: el SP500 y el NASDAQ continuaron cayendo

Como resultado del día de ayer, los índices bursátiles estadounidenses cerraron en caída. El S&P 500 perdió un 0,79%, mientras que el Nasdaq 100 descendió un 0,92%. El industrial

Jakub Novak 11:44 2025-07-08 UTC+2

Mercado bursátil el 7 de julio: SP500 y NASDAQ bajaron

El pasado viernes fue día festivo en EE. UU., por lo que no hubo negociaciones. Pero ya hoy, en la apertura de la sesión asiática, los futuros sobre índices bajaron

Jakub Novak 09:46 2025-07-07 UTC+2

Mercado bursátil el 4 de julio: SP500 y NASDAQ renovaron máximos históricos

Al cierre del día de ayer, los índices bursátiles estadounidenses terminaron en alza. El S&P 500 subió un 0,83% y el Nasdaq 100 sumó un 1,02%. El Dow Jones Industrial

Jakub Novak 07:40 2025-07-04 UTC+2

Mercado bursátil el 30 de junio: el SP500 y el NASDAQ continúan renovando máximos

Al cierre del pasado viernes, los índices bursátiles estadounidenses terminaron al alza. El S&P 500 subió un 0,52%, mientras que el Nasdaq 100 ganó un 0,52%. El industrial Dow Jones

Jakub Novak 12:42 2025-06-30 UTC+2

Mercado de valores el 26 de junio: SP500 y NASDAQ desaceleran su crecimiento

Al cierre de la jornada de ayer, los índices bursátiles estadounidenses mostraron una dinámica mixta. El S&P 500 subió un 0,01%, mientras que el Nasdaq 100 ganó un 0,31%

Jakub Novak 08:56 2025-06-26 UTC+2

El mercado bursátil se acerca a niveles peligrosos

La estructura de ondas del gráfico de 24 horas para el instrumento #SPX parece en general comprensible. Actualmente, se ha completado presuntamente la formación del tramo alcista de la tendencia

Chin Zhao 07:52 2025-06-25 UTC+2

Mercado bursátil el 20 de mayo: S&P500 y NASDAQ abrieron con crecimiento

En la última sesión regular no se realizaron operaciones. Los índices bursátiles estadounidenses cerraron mixtos. El S&P 500 cayó un 0,03%, mientras que el Nasdaq 100 subió un 0,13%

Jakub Novak 13:19 2025-06-20 UTC+2

S&P500 (SPX): según los resultados de la reunión de la Fed

S&P500 (SPX): El mercado bursátil de EE. UU. se encuentra entre las expectativas positivas por la reforma fiscal y los temores relacionados con la geopolítica, los riesgos

Jurij Tolin 15:04 2025-06-19 UTC+2

Mercado bursátil el 13 de mayo: el SP500 y el NASDAQ cayeron

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron en alza, pero luego la situación cambió radicalmente. El S&P 500 subió un 0,38%, y el Nasdaq

Jakub Novak 13:06 2025-06-13 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.