empty
22.07.2022 04:10 PM
US premarket on July 22: Stock market continues to rise due to strong corporate reports

US stock futures are trading mixed on Friday. Apparently, investors stay optimistic due to strong corporate reports. This fact favors the market and serves as stimulus for buying, even despite numerous challenges due to the highest US inflation in 40 years. Dow Jones Industrial Average futures added 42 points, or 0.2%. S&P 500 futures were down 0.1% and Nasdaq 100 futures fell by 0.3%.

This image is no longer relevant

The high-tech Nasdaq Composite is likely to close the week 5.3% higher. The Dow Jones Industrial Average is poised for a weekly gain of 2.4%, while the S&P 500 is due to advance by 3.5%.

Dow Jones Industrial Average futures rose on a strong report from American Express. The company's stock jumped 3% at the premarket after it reported excessive profits due to high consumer spending on travel and entertainment.

Currently, nearly 21% of the S&P 500 companies have reported earnings. According to FactSet, 70% of them have exceeded analysts' expectations.

Yesterday, the reports on manufacturing PMI and services PMI for July were due. Positive outcome will be the catalyst for the market's further growth.

Premarket

Verizon shares fell by 4.4% in the premarket after quarterly earnings had been below economists' estimates and the company lowered its annual forecast. Verizon's management said its subscriber base growth was affected by rising prices.

Snap was the top loser yesterday. Its shares plummeted by 30.3% in the premarket after its parent company Snapchat reported larger-than-expected quarterly losses and its slowest sales growth since it went public. It also noted that current-quarter sales remained unchanged from 2021 amid tougher economic conditions and growing competition.

Shares of Seagate Technology fell by 11.8% in premarket after the company missed its quarterly net income estimates. It also issued a weaker-than-expected outlook and reported a significant drop in demand for personal computers.

This image is no longer relevant

Technical picture of S&P500

The bulls reached the level of $3,975 on Thursday and targeted for a continued rally yesterday. However, new positive reports as well as strong fundamental statistics are the key point. Currently, bulls focus on the next resistance, i.e. $4,013. A rapid growth of the index to the area of $4,050 is possible above this level, as large sellers will return to the market. There will be at least some traders who want to lock in profits on long positions. A level of $4,089 will be considered a more distant target. In case the pressure formed by weak corporate reports returns, buyers will have to defend the nearest support levels of $3,975 and $3,945. Their breakout would push the index back to $3,905. If buyers miss that level, the index will go down to the area of $3,835. A more stable level of $3,801 is slightly below, where buyers will again act more aggressively.

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

Resumo do Mercado de 21/04: S&P 500 e NASDAQ Sofrem Nova Queda com Rumores no Radar

No fechamento da sessão regular anterior, os índices acionários dos E.U.A. terminaram mistos. O S&P 500 ganhou 0,13%, enquanto o Nasdaq 100 caiu 0,13%. O índice industrial Dow Jones caiu

Jakub Novak 15:11 2025-04-21 UTC+2

Mercado dos EUA: Powell manifesta preocupações com a economia e índices recuam

S&P 500 Relatório de 17.04 Mercado dos EUA: Powell alerta sobre desaceleração econômica. Ações caem Principais índices dos EUA na quarta-feira: Dow -1,7%, NASDAQ -3,1%, S&P 500 -2,2%. O S&P

Jozef Kovach 16:34 2025-04-17 UTC+2

Atualização do mercado de ações dos EUA em 17 de abril. SP500 e NASDAQ despencam após os comentários de Powell

Após a sessão regular anterior, os principais índices de ações dos Estados Unidos encerraram o dia com quedas acentuadas. O S&P 500 recuou 2,24%, o Nasdaq 100 caiu 3,07%

Jakub Novak 16:17 2025-04-17 UTC+2

Mercado de ações dos EUA em 16 de abril: S&P 500 e NASDAQ voltam a cair

Após a sessão regular anterior, os índices de ações dos EUA fecharam ligeiramente em baixa. O S&P 500 caiu 0,17%, o Nasdaq 100 caiu 0,05% e o Dow Jones Industrial

Jakub Novak 17:30 2025-04-16 UTC+2

Mercado dos EUA permanece resiliente apesar da turbulência tarifária de Trump

S&P 500 Perspectiva para 16 de abril O mercado dos EUA permanece resiliente apesar da turbulência tarifária de Trump Principais índices dos EUA na terça-feira: Dow -0,4%, NASDAQ 0%, S&P

Jozef Kovach 14:18 2025-04-16 UTC+2

Mercado de ações dos EUA em 15 de abril: S&P 500 e NASDAQ diminuem seus ganhos

No fechamento da sessão regular anterior, os índices de ações dos EUA terminaram em território positivo. O S&P 500 subiu 0,79%, enquanto o Nasdaq 100 ganhou 0,64%. O Dow Jones

Jakub Novak 18:27 2025-04-15 UTC+2

O mercado dos EUA está em uma situação delicada: em alta ou em baixa?

Perspectiva para 15 de abril O mercado dos EUA está em uma situação delicada: em alta ou em baixa? Principais índices dos EUA na segunda-feira: Dow +0,8%, NASDAQ +0,6%, S&P

Jozef Kovach 17:42 2025-04-15 UTC+2

S&P 500 e Nasdaq 100: sinais diretos dos lucros e da geopolítica

A pré-abertura desta terça-feira começa em meio à incerteza — um estado que, em Wall Street, muitas vezes antecede a tempestade, e não a calmaria. Os futuros do S&P

Anna Zotova 14:43 2025-04-15 UTC+2

Os mercados dependem das ações de Trump: a calma parece ser uma fantasia

Os mercados globais foram sacudidos por um turbilhão de tarifas, e o centro da tempestade está mais uma vez em Washington. Com um simples gesto de sua caneta, Trump consegue

Аlena Ivannitskaya 18:28 2025-04-14 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.