Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
DOW +0.13% 28,032
S&P 500 -0.43% 3,386
NASDAQ -1.25% 11,050
Stocks have fallen after the Fed’s interest rate decision and news conference. The US dollar has also gained strength with the EURUSD now just below 1.18.
The Fed announced they will keep interest rates near zero for years until the US economy recovers from the impact of the coronavirus
Fed’s Powell said that the Fed will aim to achieve inflation moderately above 2% for some time.
The Fed chair also said that the Fed does not see a high level of unemployment as a policy concern.
Another software company that IPO’d today is JFrog. Its shares opened at $71, and after initially reaching highs of $77, they have now fallen.
Snowflake opens up at $245 per share. Now currently trading at $307.86.
FTSE 100 -0.42% 6,080
DAX +0.24% 13,249
STOXX 50 +0.11% 3,335
$ IPO indicated to open $165-$170: Twitter @DeltaOne
Software company Snowflake is set to go public in what could be the biggest software IPO ever. The company is selling 28 million shares.
The company stated in its most recent filing that it now has more than 3,100 customers, which is double the amount from last year.
S&P 500 +0.35%
$KODK: +53.41% $9.62
Eastman Kodak stock has jumped higher after a law firm hired by the company found that securities transactions made by Kodak’s Chief Executive, Jim Continenza, around the time it was awarded a $765 million government loan, did not violate internal policies.
Here’s more on why Clearstart shares surged over 26% this morning…
For the crypto traders out there…
$DKNG: +3.61% $49.95
DraftKings stock has rallied premarket after announcing an exclusive multi-year exclusive deal to be the sports betting, iGaming and daily fantasy operator of the New York Giants American Football team.
Plus500 shares are down 2% today at 1469.5p.
TekCapital (TEK) +33%
ClearStar (CLSU) +19%
Tiziana Life Sciences (TILS) +16% – HERE’S WHY TIZIANA’S SHARE PRICE SURGED 16.8% TODAY
Energean (ENOG) +16% – Signs two new gas sales and purchase agreements (more to follow…)
FedEx Corp (FDX) +9% – Reported positive earnings
Grenke AG (GLJ) -21%
RBG Holdings (RBGP) -12%
Heavitree Brewery (HVT) -11%
FTSE 100 -0.30% 6,087
DAX +0.04% 13,223
STOXX 50 +0.07% 3,334
-Asian markets traded mixed overnight
-Apple unveiled its new iPad, Apple One subscription bundle, and Apple Watch 6
-Software company Snowflake prices its IPO at $120 a share, valuing the company at more than $30 billion
-FedEx reported its earnings yesterday, beating expectations
-In FX markets the USD is down against the other major pairs. The DXY is trading at 93.074
-On today’s data calendar we have already seen the UK inflation rate fall to 0.2%, above estimations of 0.1%, while later we have Canada’s inflation rate, US retail sales and the Fed’s interest rate decision and press conference.
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