• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russian Deputy Foreign Minister: Russia and Belarus are always prepared to use all available means, including nuclear weapons, to ensure security.On June 9th, EU High Representative for Foreign Affairs and Security Policy Kallas stated on the 8th that every effort must be made to enable dialogue between Russia and Ukraine, while Europes core security interests must also be respected. However, Kallas believes now is not the right time to begin negotiations with Russia on the Ukraine issue. It is understood that there are still differing opinions within the EU regarding how to promote negotiations and when to initiate substantive contact, with some countries believing that the conditions for serious negotiations with Russia are not yet in place. The leaders of Britain, France, and Germany met with Ukrainian President Zelensky in London on the 7th and issued a joint statement expressing support for direct dialogue between Ukraine and Russia.1. U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.16% to 50,786.01 points, the S&P 500 rose 0.3% to 7,405.73 points, and the Nasdaq Composite rose 0.86% to 25,929.66 points. Travelers Group fell more than 2%, and Apple fell nearly 2%. Chip stocks rebounded, with the Philadelphia Semiconductor Index rising 5.61%, Intel rising more than 11%, and Marvell Technology rising more than 9%. The Wind U.S. Tech Big Seven Index fell 0.22%, with Google and Microsoft falling more than 1%. 2. European stock indexes closed mixed. The German DAX fell 0.58% to 24,616.22 points; the French CAC40 fell 0.23% to 8,199.29 points; and the UK FTSE 100 rose 0.05% to 10,373.20 points. 3. International precious metals futures generally closed lower. COMEX gold futures fell 0.26% to $4,353.80 per ounce, and COMEX silver futures fell 1.13% to $68.33 per ounce. 4. The most active US crude oil contract closed up 0.82% at $91.28 per barrel; the most active Brent crude oil contract rose 1.1% to $94.11 per barrel.June 9th - A survey released on Tuesday showed that British consumers increased spending in May after cutting back in April, but spending on travel declined for the third consecutive month, indicating market caution regarding the economic impact of the war with Iran. Barclays and the British Retail Consortium stated that hot weather boosted sales of clothing and other goods.UK BRC total retail sales rose 3.7% year-on-year in May, compared with -3% in the previous month.

S&P 500 Is Under Pressure As Tech Stocks Are Moving Lower

Cory Russell

Nov 30, 2022 15:30

微信截图_20221130152350.png

Lower S&P 500 Settled The Assistance At 3960

S&P 500 fell toward the 3950 mark as pressure on tech firms persisted. The heavily weighted NASDAQ Composite in the technology sector is down 0.8% today.


In light of news that iPhone Pro shipments may be fewer than anticipated as a result of protests in China, Apple is down 2%. Additionally under pressure, it appears that traders are worried about Amazon's fourth-quarter results.


Growing Treasury yields are detrimental to growth stocks. The 10-year Treasury yield is attempting to stabilize above the 3.75% mark. It will advance towards the 3.80% mark if this attempt is successful, which will be bearish for the S&P 500 and NASDAQ Composite.


Energy stock prices are rising as WTI oil prices have risen beyond $78 per barrel. Halliburton, APA Corporation, and Schlumberger are driving the recovery.


From a broad perspective, if pressure on top tech stocks persists, the S&P 500 will be unable to build long-term upward momentum. Given that tech stocks are sensitive to fluctuations in Treasury yields, traders should keep an eye on movements in the Treasury market.


The yield on 10-year Treasuries appears to have found support in the range of 3.65% to 3.70% at this time, and traders must keep an eye on whether it can gain traction in the upcoming trading sessions.