EUR/USD 1.14176
0.020%
Gold 4057.78
-1.230%
Oil 73.853
3.331%
USD/JPY 162.210
0.297%
GBP/USD 1.33852
-0.094%
GBP/JPY 217.126
0.203%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 13th - Morgan Asset Management predicts that central banks will likely maintain a slightly hawkish stance, but will be more restrained in raising interest rates. They now believe the Federal Reserve will keep interest rates unchanged throughout 2026, with one rate cut in the second half of 2027; the UK and Europe will maintain their current stance for the remainder of this year. As for the Bank of Japan, they expect it to continue its gradual normalization, with one rate hike each in the second half of 2026 and 2027.Iranian Foreign Ministry: The United States has repeatedly violated the agreement.On July 13, Iran announced in the early hours of July 12 that the Strait of Hormuz would be closed immediately due to the insecurity caused by illegal interference from foreign forces. In response, Foreign Ministry spokesperson Lin Jian stated at a regular press conference on July 13 that the Strait of Hormuz is a strait used for international navigation, and restoring safe and free passage through the strait as soon as possible is in the interests of all parties. The issue of navigation through the strait should be handled properly. China is willing to maintain communication with relevant countries and the international community on this matter.On July 13th, the Ministry of Industry and Information Technology and three other departments released the "Guiding Opinions on Promoting High-Quality Development of Internet Infrastructure Resources." The document proposes optimizing the layout of traditional infrastructure. It calls for promoting the optimization and upgrading of domain name resolution facilities, standardizing and improving the construction of domestic root mirror servers, increasing the number of resolution nodes for the ".CN" national top-level domain name, and strengthening the construction and management of domain name recursive resolution service facilities. It also emphasizes strengthening the planning and layout of routing facilities, optimizing and improving routing architectures at all levels, enhancing routing trust verification service capabilities, and building a fully accessible, efficient, intelligent, secure, and reliable routing network. Furthermore, it promotes strengthening the co-construction and sharing of experimental verification network environments among domestic research institutions and enterprises. Finally, it calls for the orderly advancement of the evolution and upgrading of internet infrastructure to support IPv6 single-stack.Infineons German shares fell 2.4%.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

微信截图_20221104163926.png


As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.

Suggestion