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Acting U.S. Attorney General Blanche: Its time to build a banquet hall.April 27th - As tensions in the Middle East push up oil prices, U.S. Treasury market traders are closely watching this weeks Federal Reserve meeting to assess officials views on the inflation outlook. The market widely expects the Fed to keep interest rates unchanged on Wednesday, but traders tend to believe a rate cut is still possible before the end of the year. Swap market data from Friday showed the probability of a rate cut before the end of the year has risen to around 40%. This development could pave the way for Kevin Warsh, Trumps nominee, to lead the Fed and implement more accommodative policies. Against this backdrop, traders will be listening closely for incumbent Chairman Powells remarks at the post-meeting press conference for an update on his plans after his term ends next May. Meanwhile, this week will also see a series of Treasury auctions, including 2-year and 5-year notes, to test market demand at current yield levels.According to a recent article by tech journalist Marc Gurman, Apples successor CEO John Tenus will officially take office on September 1st, followed by the release of the first foldable iPhone. This arrangement aims to establish Tenus as the face of this product line. The device focuses on durability and micro-crease technology, and is expected to cost over $2,000. In addition to the phone, Cook has also left behind approximately 10 new product pipelines, including AI smart home devices, AR glasses, and touchscreen Macs, to help him drive Apple into an unprecedented product expansion cycle during his new term.Tanker tracking data shows that Iran has loaded 4.6 million barrels of crude oil at its crude oil terminals, and another 4 million barrels of oil appear to have broken through the US blockade.According to NBC News: The FBI is knocking on doors near the suspects home.

NASDAQ, S&P 500, Dow Jones Analysis – NASDAQ Rallies As Meta Gains 28%

Jimmy Khan

Feb 03, 2023 15:22

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S&P 500

As Meta increased by 28% following the publication of the earnings report, the S&P 500 reached new heights. Although the company's revenue exceeded analyst expectations, its earnings missed them. Trades concentrated on the $40 billion buyback that Meta had announced.


The Initial Jobless Claims and Factory Orders figures were also available to dealers today.


Compared to the analyst consensus of 200,000, the initial Jobless Claims report showed that 183,000 Americans applied for unemployment benefits in a week. According to the report, the job market was still in a respectable state.


In December, factory orders grew by 1.8% month over month compared to analysts' expectations of 2.2% growth.

NASDAQ

NASDAQ increased as traders concentrated on the Meta stock's impressive performance. One may claim that the NASDAQ is ready to start a bull market since the index has increased by 20% from its December lows.


In today's trading session, Tesla, Amazon, and Alphabet are all up about 7% as investors rush to purchase mega cap stocks. Demand for tech stocks is high, and market sentiment is very bullish. Technically speaking, the chance of a retreat is rising since the RSI is in overbought zone.

Dow Jones,

Currently, Dow Jones is the least successful major index. The decline in healthcare stocks like UnitedHealth Group and Merck has a negative effect on Dow Jones' performance.


Medicare Advantage's projected reduced prices for 2024 are putting a lot of pressure on UnitedHealth Group. After the results report was released, Merck shares fell because the firm anticipates a fall in COVID-related revenues in 2023.

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