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According to Israeli media reports, the massive explosion near Beit Shemesh, Israel, was a controlled industrial blast, with no casualties or property damage.May 17th - According to a report in the British newspaper *The Sun* on Saturday evening, British Chancellor of the Exchequer Reeves plans to announce next week that she will postpone the planned fuel tax increase originally scheduled for September. The temporary fuel tax reduction measure, which began in 2022, was originally scheduled to expire this September. If the measure expires, fuel prices will rise by 5 pence (approximately 6.6 US cents) per liter. However, the British government has previously extended this tax reduction measure several times, most recently in the annual budget last November. *The Sun* reports that Reeves is preparing to extend the measure again.On May 17, US President Trump posted an AI-generated image on social media. In the image, Trump and a general are standing on a warship, while small boats and ships flying the Iranian flag are nearby. The caption reads, "This is the calm before the storm."Dutch Prime Minister: ASML (ASML.O) and Tata Electronics have also jointly signed a statement, which is an important step toward closer cooperation in the semiconductor field.On May 17, according to the Israeli newspaper Haaretz, the Israeli military stated that a soldier was killed in combat operations in southern Lebanon. This soldiers death brings the total number of soldiers killed since the resumption of fighting with Hezbollah in early March to 21.

Are Stock Prices Still Forming a Bottom?

Florala Chen

Jan 05, 2023 15:10

微信截图_20230105145620.png


Is this a probable bottoming pattern for the S&P 500 as its consolidation continues to grow?


After starting above its closing price on Friday, the broad stock market index fell by 0.40% on Tuesday.


It prolonged a consolidation near the 3,800 level that had lasted more than two weeks. It dropped to a new mid-term low of 3,764.49 on Thursday of the prior week before rising back over 3,800. Overall, it continued to prolong a consolidation that had started after the drop from 4,100. The December 14 FOMC interest rate rise, among other things, caused the S&P 500 to decline in mid-December.


This morning, the S&P 500 is most likely to start off 0.3% higher. Another effort to break above the current trading range could be made.

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