EUR/USD 1.16173
-0.401%
Gold 4466.52
-1.736%
Oil 92.679
6.420%
USD/JPY 159.680
0.266%
GBP/USD 1.34429
-0.179%
GBP/JPY 214.661
0.087%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Nikkei: BlackRock will acquire a 15% stake in the Japanese taxi app GO.The German DAX 30 index closed down 90.74 points, or 0.36%, at 25,022.32 on Monday, June 1st; the UK FTSE 100 index closed down 69.45 points, or 0.67%, at 10,339.83 on Monday, June 1st; and the French CAC 40 index closed down 36.75 points, or 0.45%, at 8,146.59 on Monday, June 1st; European The Stoxx 50 index closed down 16.18 points, or 0.27%, at 6034.36 on Monday, June 1; the Spanish IBEX 35 index closed down 178.44 points, or 0.97%, at 18189.86 on Monday, June 1; and the Italian FTSE MIB index closed down 255.25 points, or 0.51%, at 49781.50 on Monday, June 1.Iranian Foreign Ministry: The Iranian Foreign Minister spoke with the Turkish Foreign Minister to discuss and exchange views on the latest situation in the region.Iranian Foreign Ministry: The Iranian Foreign Minister and the French Foreign Minister spoke by phone to discuss and consult on the latest regional developments.June 1st - Three sources say OPEC+ oil-producing countries are likely to agree to further increase crude oil production quotas in July at their meeting on Sunday. However, the war with Iran has so far prevented some countries from meeting their previous production increase targets. A further increase in production quotas would indicate that the organization is gradually returning to normal operations, despite disruptions caused by the blockade of the Strait of Hormuz and the unexpected withdrawal of the UAE in May. According to the sources, OPEC+ is expected to increase production by approximately 188,000 barrels per day in July, the same increase agreed upon in June, which was previously revised down from 206,000 barrels per day due to the UAEs withdrawal.

NASDAQ Index, S&P 500, Dow Jones Analysis – NASDAQ Climbs Back, Dow Jones Supported By Salesforce Performance

Alice Wang

Mar 03, 2023 15:43


S&P 500

After a multi-day decline, speculators purchased equities, and the S&P 500 recovered from session lows.


Traders today concentrated on changes in the Bond market. The yield on 10-year Bonds made an effort to stabilize above 4.08% while remaining above the significant 4.00% mark.


Although rising Treasury rates are negative for equities, it appears that some speculators were ready to take advantage of the recent decline to grow their long holdings.


After surpassing expert expectations and expanding its share repurchase program, Salesforce increased its gains by 11%. Due to its Investor Day falling short of market forecasts, Tesla was one of the largest losses in the S&P 500 today.


From a broad perspective, the crucial issue is whether dealers will be able to disregard the changes in the market for government bonds in the event that Treasury rates keep rising.

NASDAQ

Despite increasing Bond rates, the NASDAQ rose back above the 11,900 mark. It appears that the primary forces behind this move were profit-taking and dip-buying.


NASDAQ needs to stabilize back above the 50 DMA at 11,965 in order to have a chance to build long-term upward momentum. NASDAQ will move toward the next support level at the 20 EMA at 12,145 if it rests above the 50 EMA.

Jones, Dow

Due to the Salesforce stock's impressive showing during today's trading period, Dow Jones made some progress.


The Dow Jones experienced solid support in the 32,500–32,800 range, which is encouraging for bears. The Dow Jones will advance toward the 33,200 level of opposition if it moves above the 33,000 mark.

Suggestion