Five things to know ahead of the stock market opening
Trading in Tel Aviv will open this morning following gains in global markets. Dual-listed stocks are mixed: Palo Alto and Tower are down about 4%, while Teva is up about 2%. Citibank registers Mizrahi Tefahot shares for trading in the US. The shekel strengthens to 3.17 shekels per dollar. Nvidia falls about 4% after an investigation against the CEO.
Trading in Tel Aviv will open this morning following gains in global markets. Dual-listed stocks present a mixed picture: Palo Alto and Tower are expected to fall about 4%, while Teva, Nova, and Enlight are set to rise about 2%. Citibank filed a document with the SEC to register ADR certificates for Mizrahi Tefahot Bank shares, allowing US investors to buy the stock in American trading. The shekel strengthens this morning against the dollar, trading around 3.17 shekels. In Asia, Taiwan leads gains with a surge of nearly 5% in its index, supported by a recovery in chip stocks. On Wall Street, S&P 500 futures are up 0.6% and Nasdaq futures up 0.7%. Nvidia stock falls about 4% in after-hours trading after the board announced an investigation into suspicions that the company's CEO, Jensen Huang, was the target of a foreign espionage plot. Oil prices recorded sharp weekly declines: Brent fell over 16% to $98 per barrel, WTI fell nearly 13% to $90. Gold rose 4.5% to $4,075 per ounce. Bitcoin plunged over 5% and traded around $76,000.