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On April 25, Iranian President Pezechzian posted on his personal social media account that the day marked the anniversary of the "Tabas incident," and stated that a similar incident had occurred again this year in southern Isfahan. Pezechzian said he hoped these "historic setbacks" would "sound an alarm for hegemonists."On April 25, the Chinese Embassy in Mali issued a notice advising Chinese citizens against traveling to Mali. The notice stated that the General Staff of the Malian Armed Forces issued a statement on the 25th, saying that several military facilities and camps in Mali, including the capital Bamako, were attacked by unidentified terrorist organizations early that morning. Fighting is still ongoing. Bamako International Airport has been temporarily closed. The embassy reminds Chinese citizens in Mali to be vigilant, closely monitor the security situation, stay away from dangerous areas, and avoid unnecessary travel. In case of emergency, remain calm, prioritize personal safety, and contact the police and the Chinese Embassy in Mali immediately after ensuring your own safety.On April 25, Iranian President Peskov stated during a visit to the Ministry of the Interior and a video conference of provincial governors that the attacks and blockades targeting infrastructure by hostile forces in Iran are intended to incite public discontent, and Iran must prevent this from being achieved. In his speech, he thanked local officials for their work and called on the public to conserve electricity and reduce energy consumption. He stated that while other sacrifices may not be necessary at present, it is essential to strengthen control over electricity and energy use.On April 25, Irans Tasnim News Agency quoted a spokesperson for the central headquarters of the Iranian Armed Forces, Hatam Anbia, as saying that if the US military continues its blockade, looting, and piracy activities in the region, it will inevitably face a response from Irans powerful armed forces.According to Saudi Arabias Al Arabiya TV, Iranians prefer to negotiate with US Vice President Vance.

S&P 500 Is Under Pressure As Tech Stocks Are Moving Lower

Cory Russell

Nov 30, 2022 15:30

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Lower S&P 500 Settled The Assistance At 3960

S&P 500 fell toward the 3950 mark as pressure on tech firms persisted. The heavily weighted NASDAQ Composite in the technology sector is down 0.8% today.


In light of news that iPhone Pro shipments may be fewer than anticipated as a result of protests in China, Apple is down 2%. Additionally under pressure, it appears that traders are worried about Amazon's fourth-quarter results.


Growing Treasury yields are detrimental to growth stocks. The 10-year Treasury yield is attempting to stabilize above the 3.75% mark. It will advance towards the 3.80% mark if this attempt is successful, which will be bearish for the S&P 500 and NASDAQ Composite.


Energy stock prices are rising as WTI oil prices have risen beyond $78 per barrel. Halliburton, APA Corporation, and Schlumberger are driving the recovery.


From a broad perspective, if pressure on top tech stocks persists, the S&P 500 will be unable to build long-term upward momentum. Given that tech stocks are sensitive to fluctuations in Treasury yields, traders should keep an eye on movements in the Treasury market.


The yield on 10-year Treasuries appears to have found support in the range of 3.65% to 3.70% at this time, and traders must keep an eye on whether it can gain traction in the upcoming trading sessions.