empty
18.10.2022 01:30 PM
US pre-market trade on October 18, 2022. Stocks set to extend gains

US stock futures keep rising on Tuesday, extending their rally from Monday's session. Amid positive corporate earnings results, stock indices began to recover. Meanwhile, the pound and UK's shares slid after the Bank of England explained that the news about delaying and wrapping up the bond-buying program may not be true.

This image is no longer relevant

The S&P 500 futures contracts advanced by more than 1% after the Nasdaq 100 index gained 1.7% thanks to Amazon.com Inc. and Microsoft Corp. The Dow Jones Industrial Average is also trading in positive territory. European stocks have also been gaining ground for the fourth day in a row.

The British pound lost 0.6% after the Bank of England denied that it would delay the quantitative tightening program. The yield on the UK 10-year bond rose by seven basis points to 4.04%.

Apparently, new comments by the BoE supported risk assets that began their recovery yesterday amid positive corporate earnings results. Against such headwinds as rising inflation, economic risks, and aggressive policies of central banks, investors wonder what the financial results of the companies will be in the third quarter. It is widely believed that the bear rally that took place last week will continue. The current improvement in the market may be just a correction.

According to the Bank of America survey, the sentiment on stocks and global growth among fund managers shows full capitulation, opening the way to an equities rally in 2023. Analysts expect the stock market to hit bottom in the first half of 2023 after the Federal Reserve finally stops raising interest rates.

Oil remains highly volatile today as traders are trying to figure out what impact the economic downturn will have on demand. Gold is also fluctuating at comfortable levels while Bitcoin has returned to the level of 20,000 dollars per token.

This image is no longer relevant

As for the technical outlook for the S&P 500, the index is trying to break above $3,735 in the pre-market trade, continuing its rapid growth from yesterday. It is too risky to buy the asset at the current highs. However, if you follow a medium-term trading strategy, this option is acceptable. As long as the index is trading above $3,699, the risk-on sentiment will persist. This also paves the way for a breakout towards $3,735. Bulls will definitely attempt to break through this level when the main session starts. This scenario will validate a further upside correction towards the resistance area of $3,773. The level of $3,801 will serve as the highest target. In case the asset declines, buyers are very likely to assert their strength near $3,699 and $3,661. A breakout of this range will push the price down to $3,621 and make the test of the support area of $3,579, the new yearly low, more likely.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Mercado bursátil el 24 de abril: los índices SP500 y NASDAQ hicieron una pausa en el rally

Al cierre de la última sesión regular, los índices bursátiles estadounidenses finalizaron al alza. El S&P 500 subió un 1,67% y el Nasdaq 100 avanzó un 2,50%. El Dow Jones

Jakub Novak 08:25 2025-04-24 UTC+2

Mercado bursátil el 22 de abril: los índices SP500 y NASDAQ siguen perdiendo posiciones

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron en caída. El S&P 500 cayó un 2,36%, el Nasdaq 100 descendió un 2,45% y el Dow Jones

Jakub Novak 08:49 2025-04-22 UTC+2

Mercado bursátil el 21 de abril: los índices SP500 y NASDAQ volvieron a caer en medio de nuevos rumores

Al final de la última sesión regular, los índices bursátiles estadounidenses cerraron de forma mixta. El S&P 500 subió un 0,13%, mientras que el Nasdaq 100 cayó un 0,13%

Jakub Novak 08:48 2025-04-21 UTC+2

Mercado bursátil a 18 de abril: los índices SP500 y NASDAQ intentan estabilizarse

Según los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron de manera mixta. El S&P 500 subió un 0,13%, mientras que el Nasdaq 100 cayó un 0,13%

Jakub Novak 09:01 2025-04-18 UTC+2

Mercado bursátil el 17 de abril: los índices SP500 y NASDAQ se desplomaron tras las declaraciones de Powell

Al cierre de la última sesión regular, los índices bursátiles estadounidenses registraron una fuerte caída. El S&P 500 cayó un 2,24%, mientras que el Nasdaq 100 descendió un 3,07%

Jakub Novak 08:45 2025-04-17 UTC+2

Mercado bursátil el 16 de abril: los índices SP500 y NASDAQ vuelven a caer

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron con pérdidas. El S&P 500 cayó un 0,17%, el Nasdaq 100 bajó un 0,05% y el Dow Jones

Jakub Novak 13:06 2025-04-16 UTC+2

Mercado bursátil eal 15 de abril: los índices SP500 y NASDAQ frenan su crecimiento activo

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron al alza. El S&P 500 subió un 0,79% y el Nasdaq 100 aumentó un 0,64%. El Dow Jones

Jakub Novak 10:57 2025-04-15 UTC+2

Mercado bursátil el 14 de abril: los índices SP500 y NASDAQ volvieron a crecer en medio de la flexibilización de los aranceles

Tras los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron con crecimiento. El S&P 500 subió un 1,81%, mientras que el Nasdaq 100 sumó un 2,06%

Jakub Novak 09:17 2025-04-14 UTC+2

Mercado bursátil el 10 de abril: los índices SP500 y NASDAQ mostraron un crecimiento espectacular

Al cierre de la sesión regular de ayer, los índices bursátiles estadounidenses terminaron con una fuerte alza. El S&P 500 subió un 9,52%, mientras que el Nasdaq 100 se disparó

Jakub Novak 11:16 2025-04-10 UTC+2

Mercado de EE. UU.: NASDAQ +12%, SP500 +9.5%. Pero la guerra comercial de Trump con China no ha sido cancelada

S&P500 Resumen 10.04 Mercado de EE. UU.: fuerte alza. NASDAQ +12%, SP500 +9.5%. Principales índices de EE. UU. el miércoles: Dow +8%, NASDAQ +12%, S&P500 +9.5%. S&P500 4983, rango 4800

Jozef Kovach 11:15 2025-04-10 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.