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Russian authorities in Rostov said the fires at two oil depots in the region have been extinguished.According to RIA Novosti, Ukrainian forces launched 41 attacks on Russias Belgorod region in one day, and 47 drones were intercepted.On July 11, the Ukrainian Presidential Office announced on the 10th that President Zelenskyy had signed a decree to establish a special command and a joint rapid reaction force. In a video address, Zelenskyy stated that a special command would be established within the Ukrainian Armed Forces to specifically handle long-range strike operations against Russia. This command would concentrate all available resources to further weaken Russias combat capabilities. He also said that existing assault forces would be reformed to form a modern, technology-driven joint rapid reaction force. This force would combine assault troops, artillery units, and unmanned combat capabilities to ensure rapid response on the front lines. He has appointed Brigadier General Dmytro Voloshin to lead this force. Zelenskyy also posted on social media that day that due to production constraints on the US Patriot air defense system and the European new-generation SAMP-T surface-to-air missile system, Ukraine would develop its own domestic air defense and anti-missile system.According to Saudi media Hadas, there are unconfirmed reports of loud explosions heard near Bakhdasht and Barshiin in Iran.July 11 - A 4.3-magnitude earthquake struck the Lima region of Peru at 11:42 p.m. local time on July 10, 2026. The epicenter was located approximately 22 kilometers southwest of Lurin, at a depth of 60 kilometers. The tremor was felt in the capital, Lima.

S&P 500 (SPY) Remains Under Pressure As Traders Cannot Find Positive Catalysts

Jimmy Khan

Sep 01, 2022 14:48

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S&P 500 Attempts To Level Off At 3980

As there are not enough triggers for equities to recover from the recent sell-off, the S&P 500 is now trading close to the support at the level of 3980.


According to the ADP Employment Change report, which was just issued by the U.S., private firms gained 132,000 jobs in August as opposed to 268,000 in July.


The labor market is clearly slowing down, but because rising inflation is still the major issue, it is unclear if the Fed will pay heed to this slowdown.


Additionally, traders should be aware that the market-moving Non Farm Payrolls data, which will be issued on Friday, and the ADP Employment Change report often provide different image.


Technically, the S&P 500 is attempting to settle below the 3080 support level. The modest effort to recover encountered significant opposition close to the 4000 level. If the S&P 500 manages to close below 3980, there is plenty of potential for more downward momentum, and it may go swiftly below the next support around 3950.


After a strategic update, Bed, Bath & Beyond declines


Trading is turbulent today since there aren't any encouraging market triggers. After the significant sell-off in recent trading sessions, the selling pressure is, however, less fierce.


Following the publication of its strategy update, Bed, Bath & Beyond's stock is down 22%. The corporation will liquidate 150 outlets and eliminate 20% of its workforce. Bed, Bath & Beyond will begin an at-the-market offering campaign for up to 12 million shares of common stock to increase liquidity. The major cause of the sell-off is the impending stock offering.


Following the announcement of the company's third quarter fiscal 2022 results, HP is down 7%. Revenue forecasts were missed by the corporation, and guidance for the whole 2022 period was reduced.


Snap increased 10% after announcing that it will lay off 20% of its employees. Even if the news boosted Snap stock, investors should be aware that many businesses have already made layoff announcements, which will have a negative effect on employment reports in the coming months.

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