empty
21.10.2021 03:03 PM
US premarket on October 19: US stock market one step away from yearly high and Tesla shares fall after Q3 report

Futures on US stock indices declined in early trading on Thursday after the Dow Jones Industrial Average index rose to a record high in the trading session on Wednesday amid strong earnings reports of US companies included in the index. Dow Jones futures were down by 104 points or 0.2%. S&P 500 futures also declined by 0.2% and Nasdaq 100 futures lost 0.3%.

The Dow Jones index jumped about 150 points yesterday, surpassing its highest level since mid-August of this year. However, it has not reached yearly levels yet. The S&P 500 Index gained 0.4% increasing for the sixth day in a row. The index closed 0.2% below its all-time high.

Investors continue to closely monitor this year's third-quarter reporting season to estimate earnings growth and to understand how pricing pressures and supply chain disruptions will affect earnings for the rest of the year. According to Refinitiv, among the 70 companies in the S&P 500, 86% reported earnings exceeding analysts' expectations.

Strong fundamental data on the US labor market are expected today. It may show a decline in the Unemployment Claims index for the sixth week in a row. Even if the weak data is released, nothing will spoil investor sentiment more than a new wave of COVID-19. The US may not be as seriously affected like European countries, but the fact that another strain of coronavirus, which is more contagious than the Delta variant, has emerged indicates that there are serious problems ahead for the health sector this winter. The new strain may push the risks of a pandemic to a higher level, which could weaken Wall Street's appetite for stocks later in the year.

So far, the market is performing well, and a small downward correction after the weekly rally will not hurt it for sure. Before we talk about the technical picture, let us look through the premarket and see what caused the major impact there and what the news was.

Premarket

IBM shares lost more than 4% in the premarket trading after the news of revenue shortfalls in the third quarter. Two major business segments: global services and the cloud and cognitive software business failed to meet the estimates of economists and investors.

This image is no longer relevant

Tesla shares slipped about 1% during the premarket trading even after the electric car maker reported record earnings and revenue in the third quarter. All the data exceeded economists' forecasts. For sure, the company's stock, which had been pushed up even before the report was released, was clearly overvalued by the market.

This image is no longer relevant

AT&T gained 1.5% in the premarket trading after a report showed the company outperformed economists' earnings estimates by 9 cents. The revenues were also above analysts' forecasts. The company noted fairly strong demand for its phone and Internet services, as well as HBO and HBO Max.

Crocs reported an increase of 11.1% in its stock during the premarket trading after adjusted quarterly earnings of $2.47 per share, compared with the consensus forecast of $1.88. The shoe maker's revenues also exceeded forecasts, with online sales rising by 69%.

The US Food and Drug Administration cleared Johnson & Johnson and Moderna's Covid-19 vaccine booster shots yesterday. It was an important step in the revaccination of millions of people. Despite this, Moderna shares lost 4.5% in the premarket.

This image is no longer relevant

Unilever, one of the world's leaders in the food and household products market, gained 1.3% in the premarket after its quarterly results were reported to be better than expected. The company was able to take advantage of the inflationary spike and raised prices in time to help it offset higher production costs, which had little effect on its revenues.

As for the S&P500 Index technical picture

This image is no longer relevant

The index is an inch away from breaking through the yearly high at $4,551. However, first of all, the price has to be above support at $4,512. A pullback below $4,512 may put heavy pressure on the index, which is likely to drag it down to $4,470 and pave the way to $4,428, where there might be more investor activity.

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

Atualização do mercado de ações dos EUA em 2 de julho - SP500 e NASDAQ desfrutam de uma demanda dinâmica

No fechamento das negociações de ontem, os índices de ações dos EUA terminaram o dia mistos. O S&P 500 caiu 0,11%, enquanto o Nasdaq 100 caiu 0,82%. Em contrapartida

Jakub Novak 16:50 2025-07-02 UTC+2

Mercado dos EUA se mantém próximo às máximas

S&P 500 Visão geral em 1º de julho O mercado dos EUA faz uma pausa nas altas Principais índices dos EUA na segunda-feira: Dow +0,6%, Nasdaq +0,5%, S&P 500 +0,5%

Jozef Kovach 17:58 2025-07-01 UTC+2

Atualização do mercado de ações dos EUA em 2 de julho:SP500 e NASDAQ continuam com crescimento consistente

No final das negociações de ontem, os índices de ações dos EUA fecharam em alta. O S&P 500 subiu 0,52%, enquanto o Nasdaq 100 ganhou 0,47%. O Dow Jones Industrial

Jakub Novak 15:20 2025-07-01 UTC+2

Atualização sobre o mercado de ações dos EUA em 30 de junho. O SP500 atinge novo pico em 6.200. Relatórios sobre a inflação indicam estagflação

O SP500 atinge novo pico em 6.200. Relatórios sobre a inflação indicam estagflação

Jozef Kovach 17:50 2025-06-30 UTC+2

Atualização sobre o mercado de ações dos EUA em 27 de junho. SP500 e NASDAQ atingem novos máximos

O S&P 500 subiu 0,80%, enquanto o Nasdaq 100 ganhou 0,97%. O Dow Jones Industrial Average subiu 0,84%. As ações valorizaram em meio a rumores de que os EUA estão

Jakub Novak 14:25 2025-06-27 UTC+2

Ações da Nvidia atingem o maior valor já registrado

Ontem, o índice tecnológico NASDAQ fechou o dia em território positivo, em grande parte graças à recuperação das ações da Nvidia Corp., que atingiram um recorde histórico. A principal produtora

Jakub Novak 15:17 2025-06-26 UTC+2

O mercado de ações está se aproximando de níveis críticos.

O padrão de ondas no gráfico diário (24h) do #SPX parece, em linhas gerais, bem definido. No momento, presume-se que a formação de um segmento de tendência de alta tenha

Chin Zhao 17:11 2025-06-25 UTC+2

Atualização sobre o mercado de ações dos EUA em 25 de junho. Principais índices de ações crescem em confiança

S&P500 Resumo dos principais índices da bolsa dos EUA na terça-feira: Dow +1,2%, NASDAQ +1,4%, S&P 500 +1,1% (fechou em 6.092, dentro de uma faixa de 5.700 a 6.300)

Jozef Kovach 16:47 2025-06-25 UTC+2

Mercado de ações dos EUA em alta com o anúncio do cessar-fogo entre Israel e Irã

S&P500 Resumo dos índices de referência das bolsas dos EUA na segunda-feira: Dow +0,9%, NASDAQ +0,9%, S&P 500 +1%, S&P 500 em 6.025, variação entre 5.600 e 6.200 Nas primeiras

Jozef Kovach 17:09 2025-06-24 UTC+2

Atualização sobre os índices de ações dos EUA em 24 de junho. SP500 e NASDAQ sobem em meio a boas notícias

Os índices de ações dos EUA fecharam em alta ontem. O S&P 500 subiu 0,94% e o Nasdaq 100 também avançou 0,94%. O Dow Jones Industrial Average fortaleceu-se 0,88%

Jakub Novak 17:01 2025-06-24 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.