| Investing.com News |
U.S. stocks opened Wednesday on a positive note after Western Alliance (NYSE: WAL ) led gains among regional banks and investors showed cautious optimism about a possible breakthrough in Washington’s heated debate over whether to raise the U.S. debt ceiling before it defaults at the start of the year. June.
As of 16:45 the index rose 0.25%, the added 0.3% while the index climbed 0.4%.
At the end of a meeting between President Biden and congressional leaders on Tuesday, House Speaker Kevin McCarthy said that “an agreement on the debt ceiling can be reached by the end of the week.”
The White House said that Biden canceled his planned trips for the coming week to focus on negotiations.
Data on the US housing market released before the opening of trading show a slight cooling in the number and in new homes in April.
Shares of retail giant Target (NYSE: ) rose 1.3% after a report in which it beat profit forecasts, but missed on the revenue line. Target reported earnings of $2.05 per share and revenue of $25.32 billion, while Investing.com’s analysts expected earnings of $1.79 per share and revenue of $25.37 billion.
Shares of Tesla (NASDAQ: ) are climbing 3.2% after a shareholder meeting where Elon Musk unveiled product updates, strategic plans and an advertising overhaul. Musk reiterated his commitment to stay on as CEO of the company and spend less time on his Twitter duties.
Among the Israeli stocks traded in New York, Cybervan (NASDAQ:) stands out at the opening of trading, jumping 14% after reporting that it had received patent approval in the US for technology that prevents the driver from using dangerous applications while driving, which could cause an accident.
Shares of Riskypaid (NYSE: ) climb 9.1% after publishing reports in which the company beat analysts’ expectations on the revenue line and the bottom line. The company reported a loss of $0.1 per share, against expectations for a loss of $0.15 per share, and revenues of $68.91 million, slightly higher than estimates for revenues of $68.69 million.
Israel’s Brainsway (TASE: ) also published reports before the opening of trading and surpassed early forecasts when it reported an adjusted loss of $0.07 per share and revenues of $6.6 million, against expectations for a loss of $0.1 per share and revenues of $6.3 million.
On the other hand, Ormed (NASDAQ:) is down 7%, Syspark is weakening 6.3%, Wix (NASDAQ:) is losing 3.3% despite beating the forecast in the quarterly reports and even raising forecasts for the next quarter and the entire year.