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On November 10, the Houthi rebels in Yemen warned on the 9th that if the ceasefire agreement in the Gaza Strip breaks down, the group will resume attacks on Israel and ban Israeli ships from sailing in the Red Sea and the Arabian Sea.Market news: Progressive Democratic lawmakers in the United States have expressed dissatisfaction with the emerging agreement to end the shutdown and are preparing to raise objections at a Senate Democratic caucus meeting.November 10th - On November 9th local time, the Federal Aviation Administration (FAA) reported that more than 15 air traffic control centers in the United States reported staff shortages that day. The FAA announcement indicated that some facilities at some of the busiest airports in the U.S., including New York, Washington D.C., Atlanta, Dallas, and Chicago, were affected. It is understood that staff shortages may force air traffic control agencies to reduce the number of flights at certain airports to maintain safety, potentially causing widespread delays.On November 10th, Goldman Sachs stated that a growing number of US investors are buying Japanese stocks, particularly those focused on technology and artificial intelligence, attracted by their strong returns relative to US stocks. Bruce Kirk, Goldman Sachs chief Japan equity strategist, said, "The pace of US capital inflows has reached its fastest level since Abenomics." He added that active participation by US investors in Japanese equities has reached its highest level since October 2022. This influx of US funds reflects the strong performance of Japanese equities this year, boosted by the appreciation of the yen and optimism surrounding Sanae Takashis stimulus policies. In dollar terms, the Nikkei 225 index has risen approximately 30% this year, far exceeding the S&P 500s 14% gain. Kirk believes there is still room for further foreign capital inflows, as global investors net holdings in Japanese equities remain well below the peak levels seen during "Abenomics," and continued global investors need for asset diversification may also support this trend.On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.

NASDAQ ‘Technical Bounce’ Fails to Overcome Rate Hike Driven Selling Pressure

Cory Russell

Aug 30, 2022 15:06

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Monday's mid-session lows for the tech-weighted NASDAQ Composite are being met with lower activity. Earlier in the session, the index tried to reach a one-month low before recovering more than half of that loss. Investors' concerns about the Federal Reserve's intention to keep increasing interest rates in its battle against inflation, even at the expense of an economic downturn, are feeding the selling pressure.


Oversold technical conditions, a slight decline in U.S. Treasury yields from a steep price earlier in the session, and a weaker U.S. Dollar are likely behind today's rebound rally.


The NASDAQ Composite is at 12058.12 at 18:20 GMT, down 83.49 or -0.69%. Trading prices for the Invesco QQQ Trust are $305.50, down $1.94 or -0.63%.


The Federal Reserve Chairman Jerome Powell's succinct and direct statements in Jackson Hole, Wyoming, on Friday seemed to put an end to optimism that the central bank would reverse its aggressive pace of rate rises in the coming months, which led to a significant decline in the technology-driven index.

Moving NASDAQ Composite Stocks

After exceeding expectations in the most recent quarter's top and bottom lines, Pinduoduo increased by 18%. The massive Chinese e-commerce company said its performance were aided by a rebound in customer confidence.


The price of Netflix's ad tier might range from $7 to $9 per month, according to a Bloomberg story, which has led to a 1.1% increase in the company's stock price.


Following the announcement that U.S. merchants on its site would need to validate their bank accounts or provide their login and password to fintech company Plaid, Etsy saw a 1.2% increase in its stock price.

The near future

As Friday's U.S. Non-Farm Payrolls data and the beginning of a lengthy U.S. holiday weekend approach, volume is very low. Volume may continue to decline as the majority of the main players are anticipated to begin taking a back seat, creating the prospect of very violent price fluctuations that have little bearing on the short-term makeup of the market.

Breaking News Lately: Suit Against Tesla Is a Class Action

According to the complaint, a Tesla Model 3 owner from California sued the electric car manufacturer in a proposed class action for automobiles halting abruptly for inexistent barriers, calling it a "frightening and hazardous nightmare."

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