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US Futures on green after the US alleviates Huawei's sanctions

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Futures kicked off a positive start of the session on Tuesday after the US temporarily cut sanctions against Huawei. Chips manufacturers recover a portion of Monday's loss after the US Administration has been able to buy and license by August 19th. Tele Corp (INTC), Qualcomm (QCOM) Inc., Xilinx Inc. (XLNX) and Broadcom (AVGO) are growing between 1.3% and 3%.

Dow will open 0.49% higher, the S & P 500 is green with 0.49% so far NASDAQ has risen by 0.83%.

Premarket:

Home Depot (HD.US) is red with 0.1% after a slowdown and sales and drop in private from the 1Q chain.

TESLA (TSLA.US) of 3.4% after Morgan Stanley's downgrading to the company.

JC Penney (JCP.US) will open a 8.7% drop after a weak 1Q report.

Kohl's (KSS.US) collapsed 9.2 percent after it reported a 3.4 percent decline in quarterly turnover and weak forecasts for 2019.

 


 Trader Velizar Mitov

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