EUR/USD 1.16200
-0.118%
Gold 4087.06
-2.019%
Oil 59.748
2.053%
USD/JPY 154.527
0.003%
GBP/USD 1.31675
-0.179%
GBP/JPY 203.477
-0.155%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.Boeing (BA.N): Before ramping up production again next year, it will ensure that its factories are ready to handle a higher proportion of aircraft production.According to the Financial Times, U.S. Trade Representative Greer is increasingly dissatisfied with the slow progress made by the European Union in reducing tariffs and regulatory barriers.Airbus: We expect the Middle East to need 4,080 passenger aircraft over the next 20 years, including 2,380 single-aisle aircraft and 1,700 wide-body aircraft.November 16th - According to two industry sources and data from the London Stock Exchange Group (LSEG), the port of Novorossiysk in Russia resumed oil loading operations on Sunday after a two-day suspension. LSEG data shows that the Suezmax tanker "Alan" and the Aframax tanker "Rhodes" are currently loading oil at the ports berths. Previously, a Ukrainian drone attack caused the Russian Black Sea port of Novorossiysk to suspend oil exports on Friday, prompting Transneft, the Russian oil pipeline monopoly, to suspend crude oil supplies to the export terminal. The attack damaged two oil berths at the port, temporarily disrupting port operations.

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

Jimmy Khan

Nov 08, 2022 16:44

微信截图_20221108163653.png

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.

Suggestion