empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
24.11.2021 02:34 PM
US premarket for November 24: US bond market rates continue to rise
Open trading account Open demo account

US stock index futures declined slightly in morning trading on Wednesday as a continued rise in US bond rates refrained investors from stocks of the technology sector. Futures on the Dow Jones Industrial Average fell by 92 pips, or 0.3%. S&P 500 futures declined by 0.2% and Nasdaq 100 futures fell by 0.2%.

Weak quarterly reports from some major companies in the S&P500 index also put some pressure on the index. During the premarket, Nordstrom's securities fell by 27% after the company announced a decline in profits for the third quarter.

This image is no longer relevant

Investors are concerned about the growing number of coronavirus cases in Europe, as Germany, following Austria, is considering the introduction of lockdown. Amid this background, risky assets on the currency market, including the euro, are showing weak numbers at the moment.

Today, a lot of economic data on the US market is expected, which may become the main driver in the market. Initial jobless claims in the US will be released with the US GDP growth report for Q3 (second estimate) along with the Fed's inflation indicator will be published. The Fed minutes from its last meeting will also be released.

Bond yields are rising

This image is no longer relevant

US bond yields continue to rise. The sharp decline in bond demand and rising yields began earlier this week after US President Joe Biden appointed Jerome Powell to a second term as the Federal Reserve chairman. The 10-year Treasury bond yield is now at 1.65%, up from 1.55% last week. The rate hike made investors flee technology stocks, transferring their assets into financial and energy stocks.

Tomorrow the US markets will be closed for Thanksgiving and there will be a shortened trading session on Friday morning. Therefore, today is the last volatile day this week when the market will be of any serious interest.

Now let's take a quick look at the premarket and talk about company news:

This image is no longer relevant

Tesla shares fell after Elon Musk sold his stock estimated at $1 billion. Musk has been selling a lot of his shares recently. During the premarket, the company's shares declined by 1.0%. The company recently said that Tesla was ready to spend more than $1 billion on a new auto plant in Austin, Texas, and intended to complete several major elements of the plant by December 31. The company is calling the project a "Gigafactory", which will produce the electric Cybertruck pickup as well as Model 3 and Model Y electric cars.

Shares of computer hardware maker HP climbed by more than 6% at the premarket after the company reported Q3 earnings this year exceeded economists' forecasts.

As for the S&P500 index

This image is no longer relevant

As long as bulls are holding the price above support of $4,660 and as long as the trading is carried out above that level, we can expect the price to return to the resistance area of $4,718. If bears manage to break through this level, the pressure on the trading instrument is likely to return and we may see a decline to the next level of $3,609.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Forecast
Oil and gas: trade wars and domino effect The oil and gas market has found itself at the epicenter of a new trade war, where economic interests and political ambitions are colliding head-on. Technical levels are breaking down
Anna Zotova
15:01 2025-04-07 +02:00
1240
Stock Markets
Point of no return: markets break down as US enters bear phase The US equity market is under pressure as futures spiral, the VIX surges, and Treasury yields plunge—signaling a potential structural crisis. Panic marks the start of Q2 The first week
Anna Zotova
13:29 2025-04-07 +02:00
1360
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Jerome Powell Is Not Ready to Intervene

Investors were deeply disappointed when Federal Reserve Chair Jerome Powell made it clear during his Friday speech at the end of last week that he does not intend to intervene
Jakub Novak 11:11 2025-04-07 UTC+2

Markets Descend Further into Chaos (Expect Renewed Declines in #SPX and #NDX)

The global market crash continues. The trade war declared by Donald Trump on much of the world is in full swing. Investors have stopped reacting to economic data, even though
Pati Gani 10:08 2025-04-07 UTC+2

The Market Left Empty-Handed

The market appeared to have bottomed out; however, someone knocked from below. A two-day selloff triggered by Donald Trump's sweeping tariffs turned out to be the fourth-worst in the history
Marek Petkovich 09:44 2025-04-07 UTC+2

What to Pay Attention to on April 7? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Monday. After last week's developments, we believe these events will have no impact on the movements of either currency pair. Nonetheless, today's
Paolo Greco 07:03 2025-04-07 UTC+2

EUR/USD Weekly Preview: U.S. Inflation Reports and the Fate of the "Big Tariffs"

The upcoming week promises to be just as volatile as the previous one. The so-called "big tariffs," which are set to take effect on April 9, are at the center
Irina Manzenko 06:13 2025-04-07 UTC+2

GBP/USD Pair Overview – April 7. The British Pound Delivered a Major Surprise on Friday

The GBP/USD currency pair rose 280 pips between Wednesday and Thursday, only to crash by 340 on Friday. These kinds of "flights" have become a regular occurrence lately. While
Paolo Greco 03:23 2025-04-07 UTC+2

EUR/USD Pair Overview – April 7. Nonfarms and Powell Saved the Dollar

The EUR/USD currency pair lost over 300 pips on Wednesday and Thursday, but Friday brought a strong recovery. No one would have been surprised if the dollar had continued falling
Paolo Greco 03:23 2025-04-07 UTC+2

XAU/USD. Analysis and Forecast

Gold is attracting some sellers for the second day in a row, despite the absence of any clear fundamental catalyst for a decline. Most likely, this is due to trading
Irina Yanina 11:50 2025-04-04 UTC+2

Old market rules broken

Someone is not telling the truth. Donald Trump insists that everything is going well and that the markets will flourish. But the S&P 500 just posted its worst 10-week start
Marek Petkovich 11:10 2025-04-04 UTC+2

The Growth of the Gold Price Has Stopped. What Is the Reason? (There Is a Possibility of a Local Corrective Pullback in #SPX and Bitcoin)

The global market crash triggered by the announcement of sweeping tariffs personally introduced by the U.S. President continues into Asian trading sessions. While the decline has slowed, there is still
Pati Gani 09:09 2025-04-04 UTC+2

Top analytics

Relevance up to 04:00 2025-04-08 UTC--4
Jerome Powell Is Not Ready to Intervene
11:11 2025-04-07
Fundamental analysis
Relevance up to 20:00 2025-04-07 UTC--4
GBP/USD Pair Overview – April 7. The British Pound Delivered a Major Surprise on Friday
03:23 2025-04-07
Fundamental analysis
Relevance up to 02:00 2025-04-08 UTC--4
Intraday Strategies for Beginner Traders on April 7
08:22 2025-04-07
Forecast
Relevance up to 20:00 2025-04-07 UTC--4
EUR/USD Pair Overview – April 7. Nonfarms and Powell Saved the Dollar
03:23 2025-04-07
Fundamental analysis
Relevance up to 23:00 2025-04-07 UTC--4
EUR/USD Forecast for April 7, 2025
05:20 2025-04-07
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.