The American session opening on Monday is taking place in the context of an escalation (largely assumed at this point) in the Strait of Hormuz. Futures contracts on U.S. indices are reacting with moderate declines, limiting their losses to a maximum of 0.5%.
More significant fluctuations are being observed in bond and oil markets. Bond yields are increasing by over 1% in the medium-term segment (1 to 5 years), oil is (temporarily) up by 3%, and Brent surpasses $111 per barrel.
The Iranian news agency FARS reported hitting an unidentified U.S. warship with two missiles as the ship allegedly attempted to force its way through the strait. In response, an anonymous U.S. official stated to Axios that no such attack had occurred.
All of this is part of the “Project Freedom” announced Sunday by D. Trump – a military operation aiming, in a manner not yet specified, to create the necessary conditions for military escort of commercial ships through the strait.
The Census Bureau will release U.S. durable goods orders and industrial orders for March today, half an hour after the session opens.
- The market expects the annualized change in durable goods orders to improve, going from -1.2% to 0.8%.
- Industrial orders are expected to increase by 0.5% compared to 0% the previous month.
NASDAQ 100 (D1)
The index remains in a strong uptrend and hovers near its historical highs. The RSI is rising into overbought territory (76). If sellers take control, the first solid support level would be at the 23.6% Fibonacci level. Source: xStation5
Company News
- Berkshire Hathaway (BRKB.US) exceeded market expectations with an EPS of $7.878 and revenue of $93.68 billion under new CEO Greg Abel. Cash reached $397.38 billion, with share buybacks totaling $234 million. The stock reacts minimally.
- GameStop (GME.US) surged over 6% in pre-market trading after announcing a $56 billion acquisition offer of the e-commerce platform ‘eBay’ (about 20% premium). eBay stock rose over 7% in pre-market.
- Palantir (PLTR.US) will release its Q1 2026 results after close. Market expects EPS to be around $0.28 and revenue to exceed $1.5 billion.
- Norwegian Cruise (NCLH.US) issued disappointing Q2 and full-year forecasts, causing the stock to decline by over 7%, impacting the sector.
- Celcuity (CELC.US) soared over 15% after publishing results of the next phase of clinical trials for their breast cancer drug.
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