Investing.com – U.S. stock index futures rebounded before the market opened on Monday (22nd), with the Dow futures rising by about 200 points and the Nasdaq futures exceeding 100 points. Gold plummeted by more than 2%, with a drop of as much as $50. Previously, over the weekend, The situation in the Middle East has not escalated and the trend of cooling down has been maintained.
On the other hand, investors’ focus turned to the financial reports of more than 170 S&P 500 index companies released later this week, including Tesla, Microsoft, Google, Meta and other giants.
The Fed’s favorite PCE price index will also be released this week, which is expected to have a significant impact on the market, especially as the Fed’s turn to hawkishness became increasingly apparent last week. However, no important economic data was released in the US market during the day.
Pre-market stocks
Tesla (NASDAQ: ) fell 4.3%. The company announced another price cut in several major markets, including China and Germany, and it announced similar price cuts in the United States a few days ago. However, this may trigger a new round of electric vehicle price wars.
Apple Inc (NASDAQ: ) rose 0.6%. Morgan Stanley issued a report stating that if Apple’s stock price weakens after releasing its earnings report, investors can buy on dips.
Verizon (NYSE: ) rose 1.4% after the company said it lost fewer mobile network subscribers than expected in the first quarter thanks to flexible pricing plans and discounted pricing for its streaming bundles.
Salesforce (NYSE:) rose 3.3% after the company announced that it would abandon its acquisition of data management software company Informatica (NYSE:) because it could not agree on the terms of the acquisition. The latter’s shares fell 6.7%.
Building supplies company Quanex (NYSE: ) fell 3.8% after announcing plans to acquire British rival Tyman for $1.1 billion.
Healthcare company Cardinal Health (NYSE: ) fell 2% after the company announced that its contract with pharmacy benefit manager OptumRx will expire at the end of June and will not be renewed.
Agricultural machinery company CNH Industrial (NYSE:) fell 4.5%. The company announced that CEO Scott Wine has resigned and appointed Gerrit Marx to take charge of the company.
Ericsson (NASDAQ: ) rose 2.5%, confirming layoffs in China but saying it would never withdraw from the Chinese market.
Nokia (NYSE: ) rose 5%. Recently, there are rumors that Nokia has reduced orders from long-term supplier Fii amid increasing geopolitical risks. On April 22, Industrial Fii Chairman Zheng Hongmeng responded: “This is not true, and we have never heard of this matter. Our (cooperation) with our customers is normal, and (the rumors) are fabricated.”
Gold stocks fell, with Kinross Gold (NYSE: ) down 4%, Newmont Mining (NYSE: ) down 3%, Barrick Gold (NYSE: ) down 3.8%, Goldfields (NYSE: ) down 4.4%, Harmony Gold (NYSE: ) NYSE: ) fell 6.6%.
Cryptocurrency stocks rose slightly, rising to a two-week high, briefly rising above $66,000. Marathon Patent (NASDAQ:) rose 3%, Riot Blockchain (NASDAQ:) rose 5.5%, Bit Digital Inc (NASDAQ:) rose 3%, Coinbase Global Inc (NASDAQ:) rose 2.2, MicroStrategy Inc (NASDAQ:) rose 2.5% . Canaan Technology (NASDAQ: ) rose 7.5%.
NVIDIA (NASDAQ:) rose 1.3%, rebounding 3% earlier, and fell 10% in the previous session; Microsoft (NASDAQ:) rose 0.18%, Amazon (NASDAQ:) rose 1.30%, Google parent Alphabet (NASDAQ)
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