US market. Week started positively

US stock indexes rise at the beginning of trading Monday. Last week, the S&P 500 added 1.8%, the Nasdaq Composite – 4%.

The nearest resistance zone according to the S&P 500 is 3220-3250 points. Important support in case of further rollback – 3000-2950 p.

Shares of Pfizer (+ 4.6%) and BioNTech (+ 13%) soared on reports that the company-developed vaccine against COVID-19 received a status that could speed up the regulatory approval process.

Reporting Season

PepsiCo (+ 2%) reported quarterly results. Profit and revenue decreased to a lesser extent than analysts had expected on average.

On Tuesday, Delta Air Lines and leading American banks – JP Morgan, Citigroup, Wells Fargo, will release second-quarter releases.

During the reporting season, we will publish in a daily format special reviews on the most interesting companies that should report on this day. The focus will be on stocks in which, according to BCS experts, deviation of results from consensus forecasts and strong movements are possible.