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On May 14, the Israeli Prime Ministers Office issued a statement saying that Prime Minister Benjamin Netanyahu and Foreign Minister Saar had instructed The New York Times to file a defamation lawsuit against the newspaper for publishing a "lie" article targeting Israel. Netanyahu said on social media that he had instructed his legal counsel to file a lawsuit against The New York Times and the articles author, Nicholas Kristoff. He said the article "defamed Israeli soldiers." Kristoff had previously published an article in The New York Times claiming that Israeli soldiers and prison guards had committed "systematic sexual violence" against Palestinians. Israel denies these claims.On May 14, the Indian Ministry of External Affairs confirmed that an Indian-flagged merchant ship was attacked off the coast of Oman near the Strait of Hormuz, but all crew members were safe. The Ministry expressed regret in a statement that merchant ships and seafarers continued to be targets of attacks. However, the statement did not mention the specific name of the attacked vessel or the identity of the attackers, only stating that all Indian crew members were safe. Wenward Maritime Analysis, a UK-based company, said on social media on May 14 that an Indian-flagged cargo ship sank in Omani waters near the Strait of Hormuz after a suspected drone attack, and all crew members had been successfully rescued.According to the Iraqi state news agency, the Iraqi parliament has approved the Zaidi government.Bank of England Chief Economist Peel: There was excess money in the market in 2022, but now the situation is exactly the opposite.Bank of England Chief Economist Peel: The labor market is more relaxed than in 2022.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Remain Under Pressure As Pullback Continues

Steven Zhao

Feb 24, 2023 15:33


S&P 500

As dealers responded to the weaker-than-expected GDP figures, the S&P 500 hit new lows. In contrast to the average estimate of 2.9% among analysts, the second estimate of the fourth-quarter GDP Growth Rate report revealed that GDP grew by 2.4% quarter-over-quarter. Initial Jobless Claims stayed below 200,000, demonstrating the resilience of the labor market.


Curiously, after a failed effort to break through the crucial 4.00% mark, the yield on 10-year Bonds fell toward 3.90%, but this move did not give equities enough support.


Energy equities were able to pick up positive momentum as crude markets recovered from yesterday's sell-off, despite the fact that most market sectors are moving downward during today's trading session.


Despite NVIDIA's stock's good performance, which increased 13% following a robust earnings report, NASDAQ retreated towards the 12,000 mark. The business anticipates that the growth of AI will increase demand for its goods.


Among the largest losses in the NASDAQ today is eBay, which is down 6%. Despite exceeding expert expectations for profits and sales, the company came under heavy pressure as traders concentrated on the dismal full-year outlook.


Dow Jones Dow Jones dropped below the 33,000 mark and continued to trend downward as the decline went on.


After the most recent results report, dealers continued to unload shares of the largest store, placing substantial pressure on Walmart stock.


Among the Dow Jones components today, Chevron had the greatest performance due to the robust recovery in the energy markets.

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