EUR/USD 1.18701
-0.205%
Gold 5080.60
1.101%
Oil 64.766
1.149%
USD/JPY 153.233
-0.746%
GBP/USD 1.36242
-0.128%
GBP/JPY 208.772
-0.864%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
McDonalds (MCD.N) reported its fastest-growing U.S. sales in over two years in the fourth quarter, thanks to its value meals continuing to resonate with value-conscious diners. Sales at existing U.S. restaurants rose 6.8% year-over-year, exceeding expectations and reaching the highest level since 2023. The fourth-quarter results demonstrate that efforts including the introduction of more affordable individual items and value meals starting at just $5 are paying off, enabling the burger giant to outperform its competitors. CEO Chris Kempczinski stated in a company statement Wednesday that the focus on affordability helped improve customer traffic in the fourth quarter. The company also noted that average spending per customer in the U.S. increased, thanks to "successful marketing campaigns."Cisco (CSCO.O): Orders for AI infrastructure from hyperscale vendors totaled $2.1 billion, reflecting a significant acceleration in growth.Cisco (CSCO.O) expects its revenue for Q3 of fiscal year 2026 to be between $15.4 billion and $15.6 billion.Cisco (CSCO.O) reported revenue of $15.3 billion for Q2 of fiscal year 2026, compared to market expectations of $15.113 billion.February 12th - U.S. stocks closed Wednesday with the Dow Jones Industrial Average down 0.1%, the S&P 500 down 0.01%, and the Nasdaq Composite down 0.16%. Microsoft (MSFT.O) and Google (GOOG.O) both fell 2%, Nvidia (NVDA.O) and Apple (AAPL.O) rose less than 1%, and Micron Technology (MU.O) rose nearly 10%. The Nasdaq China Golden Dragon Index closed down 0.65%, Kingsoft Cloud (KC.O) rose 10%, and NetEase (NTES.O) fell 4%.

S&P 500 Retreats From Session Highs As Energy Stocks Pull Back

Steven Zhao

Nov 09, 2022 16:43

微信截图_20221109162909.png

Energy Stocks Slip Amid Oil Market Sell-Off

The S&P 500 retreated from its session highs as energy stocks fell as a result of the decline in oil prices. In recent hours, the tech-heavy NASDAQ Composite has also come under significant pressure.


As traders continued to be upset that China did not alter its zero-COVID policy, WTI oil fell below the $89 mark. For energy stock prices, this action was negative.


It should be noted that top megacap equities like Tesla, Apple, Amazon, and Microsoft have all been declining today.


Stocks of basic supplies were well supported in the meantime. Newmont Corporation, a producer of gold, increased by 6% as gold rose above $1700. Freeport-McMoRan, a producer of copper, increased by 2% as copper tried to settle above the crucial $3.70 barrier.


After the business reported revenue of $1.4 billion and a loss of $1.54 per share, missing analyst estimates on both earnings and revenue, Take-Two Interactive's stock price fell by 15%.


The midterm elections, which could give stocks extra support, will remain traders' main concern. In the meantime, Treasury yields and the US currency are falling, which is positive for the S&P 500.


From a broad perspective, the lack of investor interest in the mega cap stocks continues to be a significant issue. Trading at multi-month lows for former market leaders like Amazon and Tesla suggests that investors' appetite for risk is still low.


Stocks in the energy and basic materials industries currently provide the majority of market support. S&P 500 may approach yearly lows if traders concentrate on recession worries and energy equities develop bearish momentum.

Suggestion