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December 22nd - Recently, in the Israeli-controlled areas east of the "Yellow Line," the withdrawal line established in the first phase of the Gaza ceasefire agreement, several Palestinian armed factions are attempting to expand their influence and gain dominance, vying to fill the vacuum left by the departure of Hamas. It is reported that at least five armed factions are currently active in the Israeli-controlled areas, openly stating their intention to play a role in the Gaza Strip after Hamass downfall. Fearing a threat to their position in Gaza, Hamas is cracking down on these factions, while the people of Gaza fear that the region may slide into civil war.On December 22nd, local time, the Russian Ministry of Defense released a war report stating that over the past day, Russian forces had secured more advantageous defensive lines and positions in all directions, advancing deeper into Ukrainian defenses. Russian forces targeted Ukrainian defense industry enterprises, energy, transportation, and warehousing infrastructure supporting Ukrainian troops, long-range drone assembly sites, and temporary outposts of Ukrainian troops and foreign mercenaries. On the 21st, the Ukrainian Armed Forces stated that, affected by the rapid advance of Russian forces, Ukrainian troops had withdrawn from several positions near the Russian-Ukrainian border in Krasnopyria, Sumy Oblast. Currently, Ukrainian forces are continuing operations along the border, eliminating Russian manpower, and Russian forces are currently under Ukrainian fire.Conflict Status: 1. Ukraine claims infrastructure in Odessa region was attacked. 2. Russia has deployed its 5,500-kilometer Hazel missile to Belarus. Other Developments: 1. French Presidential Palace: The method of dialogue between the French and Russian presidents will be determined within days. 2. US intelligence indicates that Putins war objectives in Ukraine remain unchanged. 3. The Ukrainian delegation held a series of meetings with the US and EU; the US envoy described them as "productive." 4. Kremlin: Putin is ready to engage in dialogue with French President Macron if both sides share a common political will. On December 22, Biren Technology announced on the Hong Kong Stock Exchange that it plans to issue 247,692,800 H shares in its Hong Kong listing (subject to the exercise of the offering adjustment right and over-allotment option), with a pricing range of HK$17 to HK$19.6 per share. Trading of the H shares is expected to commence on January 2, 2023.Ukrainian negotiator Umerov: He will hold another meeting with the US team on Sunday.

NASDAQ ‘Technical Bounce’ Fails to Overcome Rate Hike Driven Selling Pressure

Cory Russell

Aug 30, 2022 15:06

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Monday's mid-session lows for the tech-weighted NASDAQ Composite are being met with lower activity. Earlier in the session, the index tried to reach a one-month low before recovering more than half of that loss. Investors' concerns about the Federal Reserve's intention to keep increasing interest rates in its battle against inflation, even at the expense of an economic downturn, are feeding the selling pressure.


Oversold technical conditions, a slight decline in U.S. Treasury yields from a steep price earlier in the session, and a weaker U.S. Dollar are likely behind today's rebound rally.


The NASDAQ Composite is at 12058.12 at 18:20 GMT, down 83.49 or -0.69%. Trading prices for the Invesco QQQ Trust are $305.50, down $1.94 or -0.63%.


The Federal Reserve Chairman Jerome Powell's succinct and direct statements in Jackson Hole, Wyoming, on Friday seemed to put an end to optimism that the central bank would reverse its aggressive pace of rate rises in the coming months, which led to a significant decline in the technology-driven index.

Moving NASDAQ Composite Stocks

After exceeding expectations in the most recent quarter's top and bottom lines, Pinduoduo increased by 18%. The massive Chinese e-commerce company said its performance were aided by a rebound in customer confidence.


The price of Netflix's ad tier might range from $7 to $9 per month, according to a Bloomberg story, which has led to a 1.1% increase in the company's stock price.


Following the announcement that U.S. merchants on its site would need to validate their bank accounts or provide their login and password to fintech company Plaid, Etsy saw a 1.2% increase in its stock price.

The near future

As Friday's U.S. Non-Farm Payrolls data and the beginning of a lengthy U.S. holiday weekend approach, volume is very low. Volume may continue to decline as the majority of the main players are anticipated to begin taking a back seat, creating the prospect of very violent price fluctuations that have little bearing on the short-term makeup of the market.

Breaking News Lately: Suit Against Tesla Is a Class Action

According to the complaint, a Tesla Model 3 owner from California sued the electric car manufacturer in a proposed class action for automobiles halting abruptly for inexistent barriers, calling it a "frightening and hazardous nightmare."

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