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On April 3, local time, Kyiv Oblast Governor Kalashnikov announced that the region had been hit by a large-scale missile and drone attack launched by Russia. The attack has resulted in one death and one injury. Local air defense forces have launched air defense operations in the area. Russia has not yet responded.The Polish military stated that military air operations related to the Russian airstrikes on Ukraine have ended; no violations of Polish airspace occurred.On April 3, Ukrainian President Volodymyr Zelenskyy is seeking stronger U.S. security guarantees in a peace agreement with Russia, as efforts to restart stalled negotiations with Moscow continue. Zelenskyy stated on Thursday that the U.S. should clearly articulate how it will respond in the event of another Russian attack on Ukraine. He expressed his desire for clearer arrangements regarding funding for maintaining an 800,000-strong post-war army as a deterrent against aggression. He also indicated his hope that the U.S. would provide Ukraine with advanced air defense systems, including THAAD, to help defend against high-speed ballistic missile attacks, similar to the support the U.S. provides to its Middle Eastern allies.On April 3, the Ministry of Civil Affairs released six newly formulated and revised industry standards in the funeral sector, including the "Specifications for Data Sharing and Exchange in Funeral Management Service Information Systems" and the "Public Satisfaction Evaluation of Funeral Services." These standards stipulate measures to promote the informatization of the funeral sector, optimize the service quality of funeral service institutions, and strive to improve the management level of funeral services and solidify the institutional guarantee of "a peaceful passing." The series of standards will take effect on April 5 this year.The Russian Ministry of Finance reported that revenue from oil and gas sales in the Russian state budget was 617 billion rubles in March, compared to 432.3 billion rubles in February.

S&P 500 Gains Ground As Exxon Mobil Tests All-Time Highs

Jimmy Khan

Nov 08, 2022 16:44

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S&P 500 Advances Before Midterm Elections

As energy stocks rose at the beginning of the week, the S&P 500 gained territory. The heavily weighted NASDAQ Composite in the technology sector traded virtually unchanged today. While Meta kept rising from yearly lows, pressure remained on Apple, Amazon, and Tesla.


Because market players were a little uneasy before the U.S. midterm elections, trading today was turbulent.


From a broad perspective, the market is gradually recovering from the most recent sell-off. It is still unclear whether the outcome of the election will significantly affect market sentiment because Fed policy continues to be the main driver of the S&P 500.


The market is not prepared for a long-lasting rebound, which is why the relative weakness of tech equities is concerning. Energy stocks were the only sector to experience growth over the past three months. There has been impact on other market segments.


The turbulent market behavior will persist if the tech sector continues to be poor and the energy sector is supported. For instance, top oil producers Exxon Mobil and Chevron are currently testing record highs, while Tesla is trading at multi-month lows.

The S&P 500 is headed for resistance at 3805

S&P 500 moved toward the next resistance level at 3805 after clearing the resistance at 3760. If the correct catalysts materialize, there is plenty of potential to increase the upward momentum while the RSI is still in the moderate range.


The S&P 500 will move toward the next resistance level at 3835 if it settles above the resistance at 3805. If this level is successfully tested, the resistance at 3885 will then be tested.


The prior resistance level at 3760 will act as the S&P 500's initial support level on the support side. If the S&P 500 drops below this point, it will move in the direction of support at 3725. If the S&P 500 drops below the 3725 level, it will move in the direction of support at 3690.

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