empty
26.10.2022 03:21 PM
US premarket on October 26: Microsoft Corp and Alphabet Inc reports reduce risk appetite

US stock index futures fell in morning trading as tech stocks declined in the premarket. This fact overshadowed a three-day bullish rally on Wall Street and raised doubts that the market had not bottomed out yet. Moreover, the stock market is likely to incur more significant losses than $5.5 trillion.

Nasdaq 100 futures dropped by 1.8% after weak quarterly reports from Microsoft Corp., Alphabet Inc. and Texas Instruments Inc. S&P 500 futures were down nearly 0.8%. Treasuries resumed gains and 10-year Bond yields dropped to nearly 4.07%.

This image is no longer relevant

This week, the rise in the stock market was accompanied by positive earnings reports from companies as well as speculation that the Federal Reserve might reduce the pace of rate hikes amid evident economic pressure. About 25% of S&P 500 companies reported their results for the third quarter. At the same time, over two-thirds of them exceeded analysts' estimates despite the failure of key tech companies. However, fears of a manufacturing slowdown, which would negatively impact corporate profits, continue to grow exponentially and are likely to peak in the coming months. This will limit the upside potential of stock markets and could lead to another sell-off.

Strategists at Goldman Sachs Group Inc. said that US stocks are more likely to decline as the risky assets do not fully reflect the latest rise in real returns and the likelihood of a recession. In case of a severe economic downturn, analysts at Sachs Group Inc expect the S&P 500 Index to fall to $2,888, a drop of 25% from yesterday's close.

Meanwhile, the Stoxx Europe 600 index continues to fluctuate amid positive earnings of the largest companies including Barclays Plc, Deutsche Bank AG and Mercedes-Benz Group AG. However, the technology sector sank by more than 1%.

This image is no longer relevant

Risky assets are rising on the foreign exchange market. The British pound gained against the US dollar after the government announced that the long-awaited financial plan was postponed until November 2022. This is encouraging news as it will be more time to work out a big rescue plan for the UK economy and households. The euro also advanced against the dollar ahead of the European Central Bank meeting.

Stocks rose in China, Japan, and South Korea. China's central bank and currency regulator said that they would support healthy equity and bond markets and that the yuan would be mostly stable. These statements were positive for the Asian market.

As for the technical picture of the S&P500, the day started badly after yesterday's growth. Currently, the main target for buyers is to defend support at $3,808. As long as trading will be conducted above this level, further demand for risky assets is likely. It will also provide good chances for strengthening of the trading instrument and a breakout of $3,835. Only this scenario is probable for an upward correction to the resistance of $3,861. The most distant target is the area of $3,905. In case of downward movement, buyers should be active near $3,808 and $3,773. A breakout of these ranges will push the trading instrument to both $3,735 and $3,699 and give buyers an opportunity to update the support at $3,661.

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.