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Futures News on February 4: During the holiday, gold continued its pre-holiday upward trend, performed strongly, and hit a record high, opening up new upward space. The driving factors are: first, the market expects the Fed to remain easing; second, Trumps tariff policy will lead to uncertainty in the global economy. Whether it is the strong dollar or the high volatility of US stocks, it highlights the markets uneasiness and risk aversion; third, Trumps previous promise to end the Russian-Ukrainian conflict as soon as possible has completely failed, and the geopolitical environment has not improved as expected, which is quite different from the previous market expectations and is also a big boost for gold. Overall, gold will still be mainly bought on dips.EU Trade Commissioner: I believe we can resolve trade issues with the United States through negotiations.The Hang Seng Index in Hong Kong closed at 20,789.96 points on February 4 (Tuesday), up 572.7 points, or 2.83%. The Hang Seng Tech Index in Hong Kong closed at 4,977.38 points on February 4 (Tuesday), up 239.92 points, or 5.06%. The CSI 300 Index closed at 7,643.63 points on February 4 (Tuesday), up 259.52 points, or 3.51%. The H-share Index closed at 3,612.71 points on February 4 (Tuesday), up 36.78 points, or 1.03%.Germanys DAX30 index opened up 92.31 points, or 0.43%, at 21,497.43 points on February 4 (Tuesday); Britains FTSE 100 index opened down 16.80 points, or 0.20%, at 8,566.76 points on February 4 (Tuesday); Frances CAC40 index opened up 15.47 points, or 0.20%, at 7,870.39 points on February 4 (Tuesday); Europes STOXX 50 index opened up 14.44 points, or 0.28%, at 5,232.35 points on February 4 (Tuesday); Spains IBEX35 index opened up 22.30 points, or 0.18%, at 12,230.00 points on February 4 (Tuesday); Italys FTSE MIB index opened up 119.02 points, or 0.33%, at 36,338.00 points on February 4 (Tuesday).SERES: In January, SERES produced 17,513 vehicles, a year-on-year decrease of 44.88%; in January, SERES sold 16,432 vehicles, a year-on-year decrease of 47.02%.

S&P 500 Drops 0.8% As Tesla Falls To New Lows

Jimmy Khan

Jan 04, 2023 14:22

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Tesla, Apple, and Energy Stocks Are Leading the Sell-Off

In the first trading day of the year, the S&P 500 came under a lot of stress. The heavily tech-focused NASDAQ Composite fell by more than 1%.


As traders responded to the sell-offs in the oil and natural gas markets, the energy sector led the decline. Ones of the greatest loses in the S&P 500 were APA Corporation, followed by EQT Corporation and Coterra Energy.


The S&P 500's worst-performing stock today was Tesla, which dropped to new lows after the publication of the unimpressive Q4 deliveries report. The price of Tesla shares has decreased by roughly 15% so far today.


Apple was one of the largest losers as well. As a result of news that it reduced orders for Apple Watch, MacBooks, and AirPods, the stock fell by 4%. NVIDIA, which is down 2.5%, has been the semiconductor stock market's biggest decliner.


From a broad perspective, investors are not prepared to take on more risk at the beginning of the year. Recession fears were emphasized by today's Manufacturing PMI survey, which revealed that the indicator fell for the third consecutive month. Today, traditional safe-haven investments including the US currency, gold, and Treasury bonds saw gains.

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