empty
01.09.2022 03:04 PM
US premarket trade on September 1, 2022. Stocks fall for third day in a row

US stock indices are tumbling and have already reached a 6-week low. The Nasdaq 100 futures lost nearly 1% after Nvidia Corp. warned that new rules on export to China may result in hundreds of millions of dollars in lost revenue. Later, the index managed to regain some ground. Meanwhile, the S&P 500 futures extended their losses from yesterday by another 0.5%. The Dow Jones declined by nearly 0.3% in the morning session.

European bonds are falling as well. Thus, Italy's 10-year bond yield rose above 4% for the first time since June as investors are betting on tighter monetary policy of the ECB that may be revealed next week. Several bank officials have recently mentioned the possibility of an aggressive rate hike.

This image is no longer relevant

In addition to that, investors are fleeing from risk assets and seeking a safe haven in cash. Fears over the global economic downturn are getting stronger as European and American central banks are pursuing aggressive monetary policy in an attempt to tackle inflation.

In the commodities market, oil and gas prices have slightly eased amid speculations that the EU is considering measures to stabilize the situation in the energy market. The energy crisis has already sparked record-high inflation. Therefore, the ECB is widely expected to raise the rate straight by 75 basis points. However, not everyone believes in this scenario judging by the behavior of the euro.

Tomorrow, the employment report will be published in the US. This data will determine the direction of the stock market. Fed Chair Jerome Powell said that if the currently overheated labor market remained robust, the regulator might raise the rate by 0.75% which is another bearish factor for stocks and other risk assets.

Analysts note that apart from Fed's policy, the US stock market is under pressure from other factors, including a slowdown of economic growth in China and stagflation in Europe. In the future, this may turn into a negative macroeconomic environment with higher rates and a slower pace of growth.

Premarket trading

Ciena shares tumbled by 11.6% in premarket trading after the networking systems company missed its fiscal third-quarter profit target. Customer demand is still strong but the sales are affected by component supply issues.

OKTA stocks plunged by 16.1% despite better-than-expected quarterly results and an improved outlook. The software company said it faced unexpected integration issues following its acquisition of rival Auth0 last year.

As was mentioned above, Nvidia fell sharply by 4.3% in the premarket after the graphics chip maker warned it expects sales to increase by as much as $400 million due to new US licensing requirements. Those rules will impose restrictions on shipments of its most advanced chips to China. Advanced Micro Devices said that new requirements may impact some of its chips as well, so its stock fell by 2.6%.

This image is no longer relevant

As for the technical outlook for S&P 500, the index is clearly trading in the bear market. Today, bulls may get a chance to develop an upward correction but they will need to pass the level of $3,942 to do this. This is the pivot level to watch in case the US data is positive. Its breakout will validate the start of a correction. If the downtrend continues, a break below $3,905 will push the price further towards the low of $3,872. This will pave the way down to $3,835 where the downward pressure may ease slightly. An upside movement will be confirmed only when bulls take control over the resistance of $3,942. The level of $3,968 will act as the next target. This will push the price up towards $4,000, where large market players will step in. Some of the traders may want to take profit on long positions. The level of $4,038 is seen as a more distant target.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
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

Mercado de ações em 14 de agosto: S&P 500 e Nasdaq registram máximos recordes

No final da sessão de ontem, os índices de ações dos EUA fecharam em alta. O S&P 500 ganhou 0,32%, enquanto o Nasdaq 100 subiu 0,14%. O Dow Jones Industrial

Jakub Novak 15:04 2025-08-14 UTC+2

Mercado de ações em 13 de agosto: S&P 500 e Nasdaq sobem com dados sobre inflação

No encerramento da sessão de ontem, os índices de ações dos Estados Unidos fecharam em alta. O S&P 500 avançou 1,13%, enquanto o Nasdaq 100 subiu 1,39%. O índice industrial

Jakub Novak 16:51 2025-08-13 UTC+2

Mercado de ações em 12 de agosto: S&P 500 e Nasdaq registram leve recuo

Os índices de ações dos EUA encerraram a sessão de ontem com perdas. O S&P 500 caiu 0,25%, enquanto o Nasdaq 100 recuou 0,30%. O industrial Dow Jones teve queda

Jakub Novak 17:15 2025-08-12 UTC+2

Mercado de ações em 11 de agosto: S&P 500 e NASDAQ voltam a crescer

Na última sexta-feira, os índices de ações dos EUA fecharam em alta. O S&P 500 ganhou 0,78%, enquanto o Nasdaq 100 acrescentou 0,97%. O índice industrial Dow Jones subiu 0,47%

Jakub Novak 17:14 2025-08-11 UTC+2

Mercado de ações em 8 de agosto: S&P 500 e Nasdaq passam por pequena correção

No fechamento de ontem, os índices de ações dos EUA terminaram mistos. O S&P 500 caiu 0,08%, enquanto o Nasdaq 100 ganhou 0,35%. O Dow Jones Industrial Average caiu 0,51%

Jakub Novak 17:20 2025-08-08 UTC+2

O mercado dos EUA avança em direção aos máximos históricos. Foco nas guerras comerciais

Os mercados de ações dos EUA continuam em alta. A euforia recente é impulsionada por diversos fatores simultâneos: resultados corporativos sólidos, notícias impressionantes da Apple e expectativas cada vez mais

Anna Zotova 18:00 2025-08-07 UTC+2

Mercado de ações em 7 de agosto: SP500 e NASDAQ retomam a alta

No final do dia de negociação anterior, os índices de ações dos EUA fecharam no verde. O S&P 500 subiu 0,73%, enquanto o Nasdaq 100 ganhou 1,21%. O Dow Jones

Jakub Novak 17:07 2025-08-07 UTC+2

Mercado de ações em 6 de agosto: S&P 500 e NASDAQ continuam voláteis

No final da sessão de ontem, os índices de ações dos EUA fecharam em baixa. O S&P 500 caiu 0,49%, enquanto o Nasdaq 100 perdeu 0,45%. O Dow Jones Industrial

Jakub Novak 17:50 2025-08-06 UTC+2

Mercado de ações em 5 de agosto: S&P 500 e NASDAQ recuperam algum terreno

No encerramento do pregão de 5 de agosto, os índices de ações dos EUA recuperaram parte das perdas de sexta-feira. O S&P 500 subiu 1,47%, enquanto o Nasdaq 100 adicionou

Jakub Novak 18:01 2025-08-05 UTC+2

Mercados norte-americano: principais motores, riscos iminentes e novo incentivo para Musk

Os índices norte-americanos voltam a caminhar em direção às máximas históricas. Após uma semana tensa, marcada por preocupações com as guerras comerciais e pela fraqueza do mercado de trabalho

Anna Zotova 18:01 2025-08-05 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.