FXStreet notes that S&P 500 has surged to new record highs. The spotlight turns to trend resistance from April and the psychological 4498/4500 barrier, which strategists at Credit Suisse look to cap at first.
“The spotlight turns on trend resistance from April, today seen at 4493, just shy of the psychological 4500 level. Despite the strength yesterday our bias remains to look for a cap in this 4495/4500 zone at first for a fresh pullback.”
“A direct break of 4495/4500 can see resistance next at 4517/25. We do not see the market at the upper end of its ‘typical’ extreme though until it reaches 15% above its 200-day average, which is still some considerable distance away at 4624.”
“Support is seen at 4465 initially, then the price gap from yesterday morning at 4450/42.”
U.S. stock-index futures edged up on Tuesday, following a strong rally in the previous session that was caused by news about the U.S. Food and Drug Administration’s (FDA) full approval of the Pfizer/BioNTech’s coronavirus vaccine.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 27,732.10 | +237.86 | +0.87% |
Hang Seng | 25,727.92 | +618.33 | +2.46% |
Shanghai | 3,514.47 | +37.34 | +1.07% |
S&P/ASX | 7,503.00 | +13.10 | +0.17% |
FTSE | 7,076.97 | -32.05 | -0.45% |
CAC | 6,639.07 | -44.03 | -0.66% |
DAX | 15,863.92 | +11.13 | +0.07% |
Crude oil | $66.60 | +1.46% | |
Gold | 27,732.10 | +237.86 | +0.87% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 195.5 | 0.82(0.42%) | 545 |
ALCOA INC. | AA | 41.38 | 0.27(0.66%) | 43719 |
ALTRIA GROUP INC. | MO | 48.53 | 0.05(0.10%) | 4792 |
Amazon.com Inc., NASDAQ | AMZN | 3,276.50 | 10.63(0.33%) | 26299 |
American Express Co | AXP | 161 | 0.55(0.34%) | 1740 |
Apple Inc. | AAPL | 149.47 | -0.24(-0.16%) | 499303 |
AT&T Inc | T | 27.54 | 0.02(0.07%) | 119646 |
Boeing Co | BA | 220.18 | 0.78(0.36%) | 86739 |
Caterpillar Inc | CAT | 209.5 | 0.36(0.17%) | 1572 |
Chevron Corp | CVX | 97.46 | 0.73(0.75%) | 28010 |
Cisco Systems Inc | CSCO | 58.4 | -0.14(-0.24%) | 15579 |
Citigroup Inc., NYSE | C | 71.05 | 0.16(0.23%) | 13799 |
Deere & Company, NYSE | DE | 363 | 0.20(0.06%) | 1576 |
Exxon Mobil Corp | XOM | 55.42 | 0.51(0.93%) | 78034 |
Facebook, Inc. | FB | 362.75 | -0.60(-0.17%) | 25583 |
FedEx Corporation, NYSE | FDX | 266.89 | -0.01(-0.00%) | 4280 |
Ford Motor Co. | F | 12.9 | 0.17(1.34%) | 919540 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 34.45 | 0.25(0.73%) | 57098 |
General Electric Co | GE | 101.28 | 0.31(0.31%) | 6832 |
General Motors Company, NYSE | GM | 48.38 | 0.20(0.42%) | 132403 |
Goldman Sachs | GS | 402 | 0.55(0.14%) | 6851 |
Google Inc. | GOOG | 2,830.00 | 8.01(0.28%) | 8424 |
Hewlett-Packard Co. | HPQ | 28.65 | 0.09(0.32%) | 2612 |
Home Depot Inc | HD | 328.36 | 0.62(0.19%) | 1602 |
HONEYWELL INTERNATIONAL INC. | HON | 229.48 | 0.37(0.16%) | 367 |
Intel Corp | INTC | 53.39 | 0.16(0.30%) | 55796 |
International Business Machines Co... | IBM | 139.91 | 0.29(0.21%) | 5186 |
Johnson & Johnson | JNJ | 177.4 | -0.21(-0.12%) | 12160 |
JPMorgan Chase and Co | JPM | 156.73 | 0.03(0.02%) | 7780 |
Merck & Co Inc | MRK | 78.29 | -0.09(-0.11%) | 11472 |
Microsoft Corp | MSFT | 304.38 | -0.27(-0.09%) | 102627 |
Nike | NKE | 170 | 0.28(0.17%) | 114966 |
Pfizer Inc | PFE | 49.92 | -0.01(-0.02%) | 734705 |
Procter & Gamble Co | PG | 143.99 | -0.36(-0.25%) | 872 |
Starbucks Corporation, NASDAQ | SBUX | 115.31 | 0.16(0.14%) | 9445 |
Tesla Motors, Inc., NASDAQ | TSLA | 710.91 | 4.61(0.65%) | 203981 |
The Coca-Cola Co | KO | 56.51 | 0.07(0.12%) | 18357 |
Twitter, Inc., NYSE | TWTR | 64.3 | 0.17(0.27%) | 40643 |
Verizon Communications Inc | VZ | 55.47 | 0.05(0.09%) | 46781 |
Visa | V | 235.1 | 0.96(0.41%) | 5682 |
Wal-Mart Stores Inc | WMT | 150.58 | 0.13(0.09%) | 9705 |
Walt Disney Co | DIS | 177.83 | 0.17(0.10%) | 34649 |
Yandex N.V., NASDAQ | YNDX | 68.65 | -0.26(-0.38%) | 3962 |