EUR/USD 1.16602
0.305%
Gold 4199.32
-0.152%
Oil 59.354
1.566%
USD/JPY 155.526
-0.217%
GBP/USD 1.32863
0.562%
GBP/JPY 206.641
0.360%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 3rd, Suiheng A announced its proposed interim profit distribution plan for 2025: a cash dividend of RMB 0.60 per 10 shares (inclusive of tax) to all shareholders, with no bonus shares or capital reserve transfers. According to the companys financial report for the first three quarters of 2025, the consolidated net profit attributable to shareholders of the listed company for the first three quarters of 2025 was RMB 439 million, with retained earnings at the end of the period of RMB 3.142 billion; the parent companys net profit was RMB 388 million, with retained earnings at the end of the period of RMB 2.543 billion. The companys distributable profit to shareholders is RMB 2.543 billion.On December 3rd, Guangzhou Hengyun A announced that it plans to invest 2.751 billion yuan in the Hengyun Power Plant coal-fired power unit capacity upgrade project. Of this, 30% (825 million yuan) will be equity investment, with the remainder financed through bank loans. The project plans to upgrade two 210MW coal-fired power units into one 420MW ultra-supercritical cogeneration coal-fired unit, and simultaneously equip it with new energy storage, photovoltaic, charging piles, and sludge co-firing facilities. It is estimated that after completion, the project will generate 1.89 billion kWh of electricity annually, provide 6 million gigajoules of heat annually, and generate an average annual net profit of 88.3058 million yuan.KWG Group Holdings Limited (01813.HK): The court has ordered the winding-up petition hearing to be postponed to December 8, 2025, to be heard by a High Court judge specializing in corporate cases.According to Hong Kong Stock Exchange filings: On November 27, JPMorgan Chase increased its long position in Vanke (02202.HK) from 4.72% to 5.23%.According to Hong Kong Stock Exchange filings, Xiaomi spent HK$301.8 million to repurchase 7.5 million Class B shares on December 3.

S&P 500 Pulls Back From Session Highs As Apple Tests Weekly Lows

Cory Russell

Nov 07, 2022 15:23


Apple drives the S&P 500 to weekly lows

As the unemployment rate jumped from 3.5% in September to 3.7% in October, the S&P 500 gained support at the start of today's trading session. Traders were eager to wager that the Fed would become less hawkish as the unemployment rate rose. S&P 500, however, immediately lost impetus and went in the direction of the 3725 level support.


While the sell-off was still going on, Apple dropped below the $135 mark. The S&P 500 recently came under significant pressure due to the sharp decline in Apple stock. Tesla meanwhile drew nearer to its yearly lows.


PayPal experienced a 5% decline following the release of subpar fourth quarter guidance. The company anticipates that lower consumer spending will have an impact on its earnings, which is negative for the stock.


Ahead of the weekend, basic commodities equities have significant support, while tech companies are generally trending lower. Commodity markets are rising today on expectations that China may ease its zero-COVID policy. Freeport-McMoRan, the largest copper producer, increased 10% as copper prices rose above $3.60. As gold prices rose above the $1670 mark, gold producer Newmont Corporation saw a 7% increase.


The S&P 500 was under a lot of pressure this week despite gains in energy and basic commodities companies due to the sharp sell-off in tech shares. If the top technology stocks continue to decline, the market as a whole will not be able to recover.

Strong Resistance Awaited S&P 500 Near The 50 EMA

The S&P 500 keeps trying to close below the 3725 support level. The S&P 500 will go toward support at 3690 if it is able to settle below this point. The S&P 500 will be pushed toward the support at 3650 if the support at 3690 is successfully tested. If the S&P 500 falls below this mark, it will move in the direction of the next support at 3625.


To the upside, the S&P 500 must continue to trade above the level of 3725 in order to have a chance of gaining upward momentum soon. The S&P 500's subsequent resistance level is at 3760. The next resistance at 3805 can be tested if the test of the resistance at 3760 is successful. Since the 50 EMA is close by, the S&P 500 will probably encounter significant resistance between 3805 and 3815.

Suggestion