Beat the street: Soft retail sales data; Boeing; end of the road for Fisker
US equities nudge higher after a softer-than-expected retail sales print. Citigroup hikes S&P 500 year-end target to 5,600 points. Boeing’s CEO faces harsh Senate questions. EV maker Fisker files for bankruptcy protection.
(AI Video Summary)
Weaker-than-expected US retail sales
Angeline Ong discusses the financial market updates in today's edition of "Beat the street", prior to the Wall Street opening. She highlights weaker-than-expected US retail sales impacting the US dollar and equity movements.
Key focus topics include Boeing facing Senate queries and whistleblower allegations, potentially affecting stock positions and safety regulations, Fisker's bankruptcy filing amid EV market pressures, and Adobe's raised revenue forecast due to strong software demand.
Oil
Additionally, fluctuations in oil prices are analysed with WTI testing key resistance levels. Various market instruments and opportunities are also reviewed for trading ahead of a cautiously optimistic market opening.
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