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US President Trump: We will wait for this storm to pass and we will not let a rainstorm interrupt the 250th anniversary celebrations.Artificial Intelligence: 1. Doubao and Qianwen will discontinue their intelligent agent functions. 2. Zhang Yufeng of Wujie Power: Global humanoid robot production is expected to reach approximately 20,000 units by 2025, but commercial application remains largely untapped. Integrated Circuits (Chips): 1. Micron invests $9 billion to expand its chip factory in western Japan. 2. The first neurodynamic chip has been developed, contributing to the development of technologies such as brain-computer interfaces. 3. He Tingbo of Huawei released the V2 version of the "Tao Law" paper, supplementing engineering details and experimental data. Other: 1. my countrys first integrated aerial survey aircraft successfully completed its maiden flight. 2. Goldman Sachs maintains its "Buy" rating on MiniMax with a target price of HK$860. 3. The Taipingling Nuclear Power Plant Unit 2, the first "Hualong One" project in the Guangdong-Hong Kong-Macao Greater Bay Area, was connected to the grid for the first time. 4. Chen Li of Unitree Technology: The core technology of its articulated motors is entirely self-developed, with upstream suppliers relying solely on raw materials such as copper wire and magnets.Conflict Status: 1. Putin said large-scale attacks on Ukrainian military industrial facilities must continue. 2. Large-scale mutual attacks between Russia and Ukraine; Russian military claims control of several settlements. 3. The Ukrainian General Staff denies that Russian troops have occupied Kostyadinovka in eastern Ukraine. 4. Russian Ministry of Defense: Zelenskys attempts to sabotage Russian civilian facilities will not be ignored. 5. Russia says it is willing to hand over the remains of Ukrainian soldiers killed in action and demands that Ukraine stop shelling Konstantinovka. Peace Negotiations: 1. Zelensky and Trump spoke by phone and agreed to meet during the NATO summit. 2. Putin and Trump spoke by phone, reiterating his preference for a political solution to the Ukraine crisis; Trump said he would continue to mediate the Russia-Ukraine conflict. 3. Zelensky said that if the key Donetsk town of Konstantinovka were under Russian control, Putin could meet with him there. 4. Russia responded to the proposal for a meeting between Zelensky and Putin, stating that Konstantinovka is now completely under Russian control and that Zelensky could travel to Moscow once he is willing to make a "significant and responsible decision," as Moscow is the capital of Russia, not Konstantinovka. Other developments: 1. According to TASS: Putin signed a law revising tax regulations to support the domestic fuel market.July 5th - According to the Aviation Industry Corporation of China (AVIC), my countrys first fixed-wing aircraft platform for comprehensive atmospheric environmental monitoring, the "Yun-12F Atmospheric Comprehensive Aerial Survey Aircraft," recently completed its maiden flight at Harbin Pingfang Airport. It is reported that this aircraft, based on the Y-12F aircraft, has completed large-scale integration and modification of over 60 mission-related equipment to meet the high-sensitivity, three-dimensional detection requirements of multiple pollutants, including particulate matter, gaseous pollutants, greenhouse gases, and cloud water physicochemical properties. It possesses integrated aerial survey capabilities for detecting multiple pollutants, greenhouse gases, and cloud water. The successful development of this aircraft will provide an important vertical detection method for regional air pollution monitoring in my country.Kremlin: Putin invited Trump to visit Russia during the call.

NASDAQ Index, S&P 500, Dow Jones Analysis – NASDAQ Climbs Back, Dow Jones Supported By Salesforce Performance

Alice Wang

Mar 03, 2023 15:43


S&P 500

After a multi-day decline, speculators purchased equities, and the S&P 500 recovered from session lows.


Traders today concentrated on changes in the Bond market. The yield on 10-year Bonds made an effort to stabilize above 4.08% while remaining above the significant 4.00% mark.


Although rising Treasury rates are negative for equities, it appears that some speculators were ready to take advantage of the recent decline to grow their long holdings.


After surpassing expert expectations and expanding its share repurchase program, Salesforce increased its gains by 11%. Due to its Investor Day falling short of market forecasts, Tesla was one of the largest losses in the S&P 500 today.


From a broad perspective, the crucial issue is whether dealers will be able to disregard the changes in the market for government bonds in the event that Treasury rates keep rising.

NASDAQ

Despite increasing Bond rates, the NASDAQ rose back above the 11,900 mark. It appears that the primary forces behind this move were profit-taking and dip-buying.


NASDAQ needs to stabilize back above the 50 DMA at 11,965 in order to have a chance to build long-term upward momentum. NASDAQ will move toward the next support level at the 20 EMA at 12,145 if it rests above the 50 EMA.

Jones, Dow

Due to the Salesforce stock's impressive showing during today's trading period, Dow Jones made some progress.


The Dow Jones experienced solid support in the 32,500–32,800 range, which is encouraging for bears. The Dow Jones will advance toward the 33,200 level of opposition if it moves above the 33,000 mark.