EUR/USD 1.14148
-0.227%
Gold 4115.08
-1.196%
Oil 71.854
4.785%
USD/JPY 162.084
0.002%
GBP/USD 1.33599
-0.222%
GBP/JPY 216.548
-0.217%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Federal Reserve is considering revising anti-money laundering regulations for banks, requiring them to focus more resources on high-risk clients and business activities. The proposal will be open for public comment for 60 days.On July 8th, according to a statement released by the U.S. Treasury Departments Office of Foreign Assets Control on July 7th, the U.S. revoked a general license authorizing the sale of Iranian oil, allowing related final transactions to continue until midnight Eastern Time on July 17th. International oil prices rose in response. Iran has not yet responded. According to an anonymous U.S. official, initial indications suggest that "Iran recently fired on three merchant ships in the Strait of Hormuz," an action that is "completely unacceptable" and will have consequences. The U.S. official also stated that despite the escalating situation, U.S. negotiators are "still sincerely working towards a final agreement with Iran." U.S. Treasury Secretary Bessenter announced on June 22nd that, as part of the framework for U.S.-Iran negotiations, the U.S. Treasury Department issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil. According to the announcement released that day by the U.S. Treasury Departments Office of Foreign Assets Control, transactions involving the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products, previously prohibited by multiple U.S. executive orders and regulations, have been exempted, with the exemption period ending on August 21, 2026.Iranian Foreign Ministry Spokesperson: Iran urges regional countries, including Qatar, and shipping companies to refrain from any actions that violate the memorandum.Pakistan Airports Authority: A K2 Airlines Boeing 737 cargo flight from Sharjah to Karachi reported a navigation system malfunction at 21:18 local time. There were five crew members on board the K2 Airlines Boeing 737.Research by semiconductor industry organizations, McKinsey, and the National Science Foundation indicates that the chip industry may face a shortage of up to 157,000 jobs by 2030.

NASDAQ, S&P 500, Dow Jones Analysis – Traders Keep Buying Tech Stocks

Skylar Shaw

Jan 10, 2023 15:11

微信截图_20230110150335.png

S&P 500 (SPX500)

After the recent advance, traders began to take gains, and the S&P 500 slipped away from session highs. Treasury rates attempted to climb higher but lost steam and dropped to fresh lows, giving equities in today's trading session even more support.


The movement today was significant, and most market categories advanced throughout the trading session. However, the stock sell-offs in Baxter International and Regeneron Pharmaceuticals put pressure on the healthcare sector.


Despite the solid recovery in the oil and natural gas markets, energy equities have also seen small increases. The S&P 500's top performer today was Tesla, which is up more than 7%.

NASDAQ (NAS100) 

As chip stocks increased, the NASDAQ stabilized close to the 11,200 mark. Today's trading session has seen gains of 7% for AMD and NVIDIA.


Investors are purchasing equities that saw significant declines in 2022. Investors are prepared to wager on a robust comeback after stocks like AMD and NVIDIA dropped to fair valuation levels.


The Fed is still hawkish, and the economy might enter a recession, so it is unclear if the present rising momentum will last. The market is now positive, nevertheless, and the demand for riskier assets continues rising.

Dow Jones (US30)

The Dow Jones is now the least successful of the main U.S. indexes. Healthcare companies Merck, Johnson & Johnson, and Amgen are the greatest losses in the Dow Jones index.


Although it should be emphasized that the dynamics of tech companies will decide whether the general market advances higher in the following trading sessions, today's weakness of the Dow Jones is somewhat concerning for the wider market. All indexes will rise if traders keep purchasing tech equities.

Suggestion