EUR/USD 1.15524
-0.037%
Gold 4139.93
0.586%
Oil 59.854
-0.145%
USD/JPY 154.377
0.164%
GBP/USD 1.31614
-0.100%
GBP/JPY 203.187
0.075%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The main contract for the container shipping index (European route) rose more than 3.00% intraday, currently trading at 1834.7 points.On November 11, Politico reported that U.S. senators rejected an amendment proposed by Rand Paul that aimed to remove a clause he argued would "destroy the booming industrial hemp industry"—a clause included in the agreement to end the government shutdown. The amendment was rejected by a vote of 76 to 24. Only Texas Senator Ted Cruz and Paul himself, along with 22 Democratic senators, supported pushing the amendment forward. The clause severely restricted marijuana products with intoxicating effects that had been legalized since the passage of the 2018 Farm Bill. The Senates rejection of the amendment paves the way for Congress to finally pass an appropriations package, bringing Congress one step closer to ending the government shutdown. In an interview, Paul stated that he proposed the amendment not to "delay the process," but to protect the industrial hemp industry that has flourished in Kentucky since 2018.On Tuesday, November 11, the Hang Seng Index opened 99.03 points higher, or 0.37%, at 26,748.09; the Hang Seng Tech Index opened 46.46 points higher, or 0.79%, at 5,962.02; the H-share Index opened 41.47 points higher, or 0.44%, at 9,484.71; and the Red Chip Index opened 6.91 points higher, or 0.16%, at 4,274.62.Hong Kong stocks opened higher, with the Hang Seng Index up 0.37% and the Hang Seng Tech Index up 0.79%. New consumption, innovative drugs and gold stocks led the gains, with XPeng Motors (09868.HK) surging over 9%.Samsung Electronics shares rose up to 5% in South Korea.

NASDAQ, S&P 500, Dow Jones – Stocks Rebound After Initial Sell-Off

Cory Russell

Jan 16, 2023 15:51

微信截图_20230116154625.png

S&P 500 (SPX500) 

S&P 500 has risen over the 3975 mark and has left the session lows behind.


The S&P 500's primary drivers today were the Michigan Consumer Sentiment survey and bank results.

According to bank reports, they have begun to be ready for the recession. It's interesting how quickly after the trading session started, their stocks were able to generate strong upward momentum. After the publication of the earnings results, JPMorgan, Citigroup, Wells Fargo, and Bank of America are trading at multi-week highs.


The recovery of bank equities significantly boosted the S&P 500. It was insufficient, however, to bring the index back into the positive range. Interestingly, despite increased oil prices, energy stock prices remained low.

NASDAQ (NAS100) 

NASDAQ is essentially flat throughout today's trade. After the recent run, some traders were prepared to take gains off the table, but profit-taking did not put too much pressure on NASDAQ before the weekend.


Today, Tesla is down 2% and Amazon is up 2%. Other top NASDAQ stocks exhibit a range of behaviors.

Dow Jones (US30)

Recently, Dow Jones has succeeded in returning to the positive zone. In the Dow Jones today, JPMorgan, UnitedHealth Group, and Goldman Sachs have had the greatest performances.


To sustain its recovery, the Dow Jones must level out above recent highs above 34,300. From a broad perspective, if the approaching earnings season is favorable, Dow Jones has a decent potential to gain further upward momentum.

Suggestion