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Honda plans to collaborate with Mythic, a Texas-based technology company, to develop a system-on-a-chip for its software-defined vehicle (SDV).February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference introduced that the Central Document No. 1 clearly outlines the major tasks and key work in the "agriculture, rural areas, and farmers" sector this year. The main content can be summarized as "four key tasks and two supporting guarantees." The "four key tasks" are: improving the comprehensive agricultural production capacity and quality efficiency; implementing regular and precise assistance; actively promoting stable income growth for farmers; and promoting the construction of livable, workable, and beautiful villages according to local conditions. The "two supporting guarantees" are: strengthening institutional and mechanism innovation and strengthening the Partys comprehensive leadership over "agriculture, rural areas, and farmers" work.February 4th - At 10:00 AM today (February 4th), the State Council Information Office held a press conference to introduce the relevant situation regarding anchoring agricultural and rural modernization and solidly promoting the comprehensive revitalization of rural areas, and answered questions from reporters. The conference stated that in the past year, farmers living standards have significantly improved. Farmers incomes have continued to grow, with the per capita disposable income of farmers reaching 24,456 yuan in 2025, a real increase of 6% over the previous year. The income gap between urban and rural residents has narrowed from 2.56:1 in 2020 to 2.31:1, and farmers living conditions, including clothing, food, housing, and transportation, have continuously improved.According to Axios, nuclear talks between the United States and Iran are expected to begin in Oman on Friday. The Trump administration has agreed to Irans request to move the talks from Türkiye.February 4th - In 2025, courts across China vigorously promoted the clearing of overdue payments owed by government agencies and public institutions to small and medium-sized enterprises (SMEs), concluding 9,166 cases and recovering 31.142 billion yuan. Courts strictly implemented the judicial interpretation on "back-to-back" clauses (the "Reply on the Validity of Clauses Between Large Enterprises and SMEs Where Payment is Predicated on Third-Party Payment") to prevent large enterprises from abusing their dominant position to "bully" smaller enterprises. Courts nationwide directly applied this judicial interpretation to conclude 709 cases, helping SMEs recover 1.9 billion yuan in overdue payments.

Following the GDP Miss, the E-mini S&P 500 Has Given Up Some of Its Earlier Gains

Skylar Shaw

Apr 29, 2022 10:19

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Following a good earnings announcement from Meta Platforms, June E-mini S&P 500 Index futures are trading higher immediately after the cash market opens, as the benchmark index seeks to recoup from this month's sell-off.


The June E-mini S&P 500 Index is now trading at 4194.75, up 14.50 points or 0.35 percent, at 14:28 GMT. The SPDR S&P 500 Trust ETF (SPY) is now trading at $418.48, up $1.21 or 0.29 percent.


Following a beat on results, Meta's stock jumped roughly 16 percent, indicating that investors may be seeing indications of reprieve in the battered tech industry. Prior to the announcement, the stock was down 48% year to date.

Increased Wages Sentiment in the Market

In addition to Meta's gains, Qualcomm gained more than 8% on the basis of good results, while PayPal gained over 5% despite providing disappointing second-quarter outlook.


Following their quarterly releases, McDonald's, Merck, Eli Lilly, and Southwest were all up on Thursday.


Despite a positive earnings surprise, Caterpillar's stock dropped roughly 5%. After posting weaker-than-expected earnings, Teladoc's stock dropped by more than 44%.


Traders are unconcerned by the US GDP shortfall.


In economic news, the United States' Gross Domestic Product (GDP) unexpectedly fell by 1.4 percent in the first quarter from the previous year, contrary to the 1 percent rise projected by experts polled by Dow Jones. Some investors dismissed the economic downturn, citing the rise in prices and the trade imbalance as the primary causes.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 4136.75. The major trend will turn to up if the price breaks through 4509.00.


The minor trend is similarly in the negative direction. A trade through 4303.50 will shift momentum to the upside and turn the minor trend to up.

Swing Chart for the Day Technical Prognosis

Trader response to 4220.00 is expected to decide the direction of the June E-mini S&P 500 Index on Thursday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 4220.25. Taking out the intraday high of 4258.75 would signal that the buying is becoming more powerful. Look for a burst through the resistance cluster around 4299.25 – 4303.50 if this generates enough upward momentum.

Scenario that is bearish

The presence of selling will be signaled by a persistent move below 4220.00. Look for the selling to continue towards 4136.75 if this move creates enough bearish momentum.


Taking out 4136.75 indicates that the selling pressure is increasing. This might lead to a break through the next key bottom at 4129.50, then the year's low at 4094.25.

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