The US stock market continues to evaluate the recent revision of financial forecasts from leading analytical agencies. The day before, analysts at UBS Group AG raised the target price of Meta Platforms Inc. shares for Q2 2022 from 280 to 300 dollars. In turn, Chevron Corp., according to UBS Group AG estimates, will rise from 150 to 192 dollars. Prior to this, Goldman Sachs Group analysts also raised their forecast for the issuer’s shares.
The US bond market is currently experiencing active growth: the rate of return on 10-year Treasury bonds rises by 2.44% and by 1.89% on conservative 20-year ones. More dynamic growth is traditionally demonstrated by short-term assets: annual bonds grow by 2.55%, and 6-month bonds rise by 4.26%.
The index quotes are traded in a local uptrend, having overcome the resistance line of the lateral channel the day before. Technical indicators are holding a local buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is in the buy zone.
Support levels: 4470.0, 4216 | Resistance levels: 4630, 4800