January 29, 2023

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The U.S. future points to more Wall Street openings

The U.S. future points to more Wall Street openings

Friday, February 18, 2022 12:59 pm

The U.S. Future points to greater openness on Wall Street at noon on Friday. The future of the leading S&P 500 index was up 0.5 percent in green at lunch. Looks like it will rise a little more when the Nasdaq opens.

Wall Street is gaining support on Friday from next week’s scheduled meeting between the United States and Russia in an effort to resolve the situation on Ukraine’s border.

“If there is no Russian invasion of Ukraine,” the US State Department said there would be a meeting in Europe between Anthony Blinken and Sergei Lavrov next weekend. Citi Index market analyst Matthew Simpson said the news could come out of it.

However, IG market analyst Yap Jun Rong said that until the situation is finally resolved, investors will avoid risky assets and move to safer havens.

At the macroeconomic level, only home sales in January are on the agenda for Friday.

Traded at Euro / Dollar 1.1353. At the start of the trading day in Europe, the currency pair still moved at 1.1372 and when the US stock markets closed on Thursday it was at the level of 1.1360 on the plates.

Oil prices fell 2.1 percent on Friday.

Company News

The Deere 0.1 pre-market rose after better-than-expected results last quarter. Deere has decided to raise its vision for the current fiscal year to $ 6.7 billion to $ 7.1 billion. Previously, the company had a bandwidth of $ 6.5 to $ 7.0 billion. Analysts had already estimated annual revenues at $ 6.9 billion.

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Dropbox fell 6.0 percent before the market. Cloud storage has surpassed expectations in the last quarter. The technology company also announced it would repurchase its own $ 1.2 billion worth of shares.

Intel fell 0.9 percent before the market. CEO Pat Kelsinger said he expects moderate revenue growth this year during Investor Day. Growth will accelerate from next year and reach 10 to 12 percent by 2025 or 2026, the CEO said.

Keyside Technologies lost 2.7 percent before the market. The company expects supply chain problems to continue until 2023.

Roku estimates revenue at $ 720 million for the current quarter, while analysts expect $ 751 million. Like Keysite, Rogu warned of supply chain disruptions, including a shortage of components. The stock price fell 24.6 percent before the close of trading.

Lock levels

The leading S&P 500 index ended 2.1 percent lower at 4,380.26 points on Thursday. The Dow Jones Industrial Average fell 1.8 percent to 34,312.03 points, and technology stock Nasdaq fell 2.9 percent to 13,716.72 points.

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