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According to the Wall Street Journal: Spirit Airlines is preparing to file for bankruptcy again.The Dow Jones Industrial Average closed down 92.02 points, or 0.20%, to 45,544.88 on Friday, August 29; the S&P 500 closed down 41.60 points, or 0.64%, to 6,460.26 on Friday, August 29; and the Nasdaq Composite closed down 249.61 points, or 1.15%, to 21,455.55 on Friday, August 29.The Federal Reserve announced on Friday, August 30, that it had finalized new capital requirements for the largest U.S. banks following the June stress test, but added that Morgan Stanley (MS.N) is seeking a reassessment of its upcoming capital requirements. The new capital requirements will take effect on October 1 and could be updated if the Fed adopts a proposal under consideration to average the results of two years of stress tests. Based on its annual financial stress test of large banks, the Fed assesses banks performance under a hypothetical economic downturn scenario and sets their capital buffers accordingly. Morgan Stanley is requesting a reconsideration of its results, and the Fed will announce its decision by the end of September.The U.S. Commodity Futures Trading Commission (CFTC): As of the week ending August 26, stock fund speculators increased their net short position in the S&P 500 CME futures by 62,459 contracts to 428,262 contracts. Stock fund managers increased their net long position in the S&P 500 CME futures by 3,284 contracts to 867,359 contracts.U.S. Commodity Futures Trading Commission (CFTC): As of the week ending August 26, crude oil speculators increased their net short positions in WTI futures by 1,978 contracts to 13,357 contracts.

S&P 500 Breaks The Four-Day Losing Streak

Lorna Divakar

Dec 21, 2022 16:09



Following the sharp pullback, traders begin buying stocks, causing the S&P 500 to recover.


Following a significant drop, traders are continuing to purchase equities, pushing the S&P 500 towards session highs. Today's trading session saw a 0.2% increase in the NASDAQ Composite.


The BoJ's move to expand its authority over the yield curve is the day's key event. The BoJ raised the limit on the yield on 10-year government bonds from 0.25% to 0.5%.


This choice resulted in a significant decline in the USD/JPY exchange rate and the price of Japanese government bonds. The BoJ judgment had an effect on other nations as well, as rates rose in numerous markets.


The yield on 10-year Treasuries in the United States increased approaching 3.70%, which was negative for yield-sensitive tech companies, even if they managed to advance in today's trading session.


Traders are still concerned that Elon Musk's concentration on Twitter would harm Tesla, which is why Tesla is the largest decline in the S&P 500 today. Tesla shares received little help from recent claims that Elon Musk was actively looking for a new Twitter CEO.


Despite exceeding analyst sales and profit projections, General Mills is down 4%. It seems that traders had larger expectations than predicted by experts.


Stocks of basic materials increased today as precious metals markets saw solid support.

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