Strong Start to the Week on US Markets with Mixed Trend

At the start of a new trading week, the major US stock exchanges present a mixed picture. In anticipation of the release of inflation data, which could provide hints about the interest rate trajectory for 2025, as well as upcoming quarterly reports from the largest US banks, the markets started off varied. While the S&P 500 closed up 0.2% after a predominantly weak trading day on Monday, the Dow rose by 0.9%. At the same time, however, the tech-heavy Nasdaq posted a loss of 0.4%. Shares of Mosaic jumped 8% after the company announced the sale of its Patos de Minas phosphate mine in Brazil. This rise was supported by an analysis attesting to Mosaic's optimistic growth prospects in the phosphate and potash sectors. CF Industries also experienced a pleasing share price increase of 7.6% after Piper Sandler upgraded the stock. Positive developments in the US grain market contributed to the good mood. Revvity also benefited, gaining regulatory approval for a new test, with its shares rising by 7.8%. The partnership with Element Biosciences hints at exciting research projects. In the healthcare sector, CVS Health and Humana benefited from a US government proposal to increase reimbursement rates, boosting their shares by 7.3% and 6.8%, respectively. Biotechnology giant Moderna, on the other hand, suffered a setback of 16.8% after the company reduced its revenue forecasts for 2025 by one billion dollars. Particularly hard hit by the devastating wildfires in Southern California was Edison International, which fell by 11.9%. The question of the role of its subsidiary Southern California Edison in the cause of the fires is on the table. Constellation Energy drew attention as the stock fell by 8.5%, after the price had recently surged due to the announcement of a billion-dollar acquisition.