EUR/USD 1.08825
0.276%
Gold 2983.95
-0.164%
Oil 66.886
0.568%
USD/JPY 148.644
0.562%
GBP/USD 1.29350
-0.106%
GBP/JPY 192.274
0.500%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Philippine Institute of Volcanology and Seismology, a magnitude 5.1 earthquake occurred in the sea near Surigao del Norte Province, Philippines at around 9:10 am on March 16, with a focal depth of 10 kilometers. The earthquake is not expected to cause any damage, but there will be aftershocks.On March 16, French President Emmanuel Macron said in an interview published by French media on the evening of the 15th that if Russia and Ukraine achieve a ceasefire, France is willing to talk with Russia on the arrangements for providing security guarantees to Ukraine, including "direct communication" with Russian President Vladimir Putin. Macron said in the interview that the consensus reached on a temporary ceasefire in the US-Ukraine-Saudi talks was "an important progress" and now "the pressure is on Russia." If Russia is considered to have no sincerity in participating in the peace process, US President Trump is expected to increase sanctions and pressure on Russia. Macron said that "many countries", including some non-European countries, have expressed their willingness to participate in the "volunteer alliance" proposed by France and Britain to provide security guarantees for Ukraine after the future ceasefire, and each participating country is expected to send thousands of soldiers. Macron also expressed opposition to the confiscation of Russias frozen assets in the interview, believing that this "violates international rules."March 16 news, March 16, Baidu officially released Wenxin Big Model 4.5 and Wenxin Big Model X1. At present, the two models have been launched on the official website of Wenxin Yiyan and are open to users for free. At the same time, Wenxin Big Model 4.5 has been launched on Baidu Smart Cloud Qianfan Big Model Platform, and enterprise users and developers can log in to call the API; Wenxin Big Model X1 will also be launched on Qianfan soon. Baidu Search, Wenxiaoyan APP and other products will gradually connect to Wenxin Big Model 4.5 and Wenxin Big Model X1.According to the European-Mediterranean Seismological Center, a 4.7-magnitude earthquake occurred off the coast of central Chile at 21:22 local time on March 15, with a focal depth of 27 kilometers. No casualties or property losses have been reported so far.March 16 news, local time on March 15, after US President Trump ordered the cut of funding for the parent agency of the US government-funded media organization "Voice of America" and six other federal agencies, dozens of employees of "Voice of America" were suspended. It is reported that the companys employees shared an email with Reuters, which required them to suspend their work and enjoy full salary and benefits until further notice. Trump signed an executive order on the 14th to weaken the parent agency of the US government-funded media organization "Voice of America" and six other federal agencies as the latest move by the government to reduce bureaucracy.

Dow Jones Rallies 0.7% as Walmart, Home Depot Earning Lift Retail Sector

Alice Wang

Aug 17, 2022 14:54



Wall Street is mixed as retailers rise on strong earnings and growth stocks decline on an increase in yield.


On Tuesday, US equity markets were mixed as strong earnings from major retailers and better-than-anticipated growth in the US Industrial Production in July lifted stocks that are sensitive to opinions about the state of the US economy, but a subsequent increase in US bond yields hurt rate-sensitive big tech/growth names. As a consequence, after reaching new multi-month highs over 13,700 earlier in the session, the Nasdaq 100 index was last down about 0.3%, while the Dow Jones was last up about 0.7% after reaching its best levels since mid-April in the 34,200s.


After reaching its best levels since mid-April at 4,325 earlier in the session, the S&P 500 index encountered resistance around its 200-Day Moving Average at 4,326 and was last trading almost flat on the day at the 4,300 mark. The S&P 500 is now trading almost 18% higher than its yearly lows in the 3,600s set back in June. The main US index last reached its 200DMA back on April 21.


This year's inflation surge has peaked and should now ease, evidence that the US is holding up better than expected in the face of extreme price pressures, and earnings that have held up better than expected, as most recently demonstrated by Walmart and Home Depot, have all contributed to the recent run higher. In other words, there is growing hope that the US economy will have a "soft landing," in which the Fed manages to reduce inflation without raising interest rates too high and causing a downturn.

Home Depot jumps 4.1%, while Walmart increases 5.5%

The stock prices of two of the biggest US retailers, Walmart and Home Depot, increased on Tuesday after both companies reported profit figures that were stronger than anticipated before the start of US trading. Given that the business had just recently issued a profit warning, Walmart's downward adjustment to its new full-year profit prediction wasn't as awful as anticipated. Although store traffic was down and prices were up, Home Depot nonetheless outperformed top-line profits forecasts.


Lowe's, Target, TJX Companies, and Kroger were all able to record strong intra-day gains thanks to Walmart and Home Depot's strong results. As a result, the S&P 500 GICS Consumer Staples and Consumer Discretionary sectors had increases of 1.2% and 0.9%, respectively, making them the top performers. Information technology saw a decline of 0.6%, followed by communication services (-0.3%), health care (-0.4%), energy (-0.4%), and real estate (-0.5%).


Regarding some of the well-known brands, Tesla fell closer to 1.0% while Alphabet, Apple, and Microsoft all fell by 0.5%. Due to the positive outlook for the retail industry, Amazon almost increased by 1.0%.

Suggestion