EUR/USD 1.17619
-0.093%
Gold 5000.15
0.070%
Oil 66.454
-0.279%
USD/JPY 155.195
0.129%
GBP/USD 1.34515
-0.082%
GBP/JPY 208.764
0.058%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Indonesian minister: The United States has agreed to remove clauses related to nuclear reactor development from the trade agreement.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.54% to 49,395.16 points, the S&P 500 fell 0.28% to 6,861.89 points, and the Nasdaq Composite fell 0.31% to 22,682.73 points. Boeing fell more than 2%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 0.29%, with Apple falling more than 1%. The Nasdaq China Golden Dragon Index fell 0.35%, with LuKong falling more than 3% and BaWangChaJi falling more than 2%. 2. Most of the three major European stock indexes closed lower. The German DAX fell 0.93% to 25,043.57 points, the French CAC40 was flat at 8,429.03 points, and the UK FTSE 100 fell 0.55% to 10,627.04 points. 3. A report released by the U.S. Treasury Department shows that in December of last year, 14 major countries and regions reduced their holdings of U.S. Treasury bonds, with a total reduction of $88.4 billion. The total holdings of U.S. Treasury bonds by overseas "creditors" fell to $9.27 trillion. The top three overseas "creditors" of the U.S.—Japan, the UK, and China—all chose to reduce their holdings of U.S. Treasury bonds. Among them, Japans holdings of U.S. Treasury bonds decreased by $17.2 billion to $1.1855 trillion, while the UK significantly reduced its holdings by $23 billion, with its holdings falling to $866 billion. 4. The U.S. crude oil futures contract closed up 2.49% at $66.67 per barrel; the Brent crude oil futures contract rose 2.25% to $71.93 per barrel. 5. International precious metals futures generally closed higher. COMEX gold futures rose 0.12% to $5015.50 per ounce, and COMEX silver futures rose 1.09% to $78.44 per ounce.The yield on Japans 5-year government bond fell 1.0 basis point to 1.620%.Japans preliminary services PMI for February was 53.8, down from 53.7 in the previous month.Japans preliminary manufacturing PMI for February was 52.8, down from 51.5 in the previous month.

S&P 500 Rallied Above The 50 EMA As Treasury Yields Declined

Skylar Shaw

Oct 26, 2022 15:34

微信截图_20221026152839.png

The stock market rose to multi-week highs.

Today, the S&P 500 had significant upward momentum as Treasury rates declined from recent highs. According to the CB Consumer Confidence and Case-Shiller Home Price Index data, the economy is already beginning to feel the effects of rising interest rates. These news were positive for equities since the Fed may become less hawkish as a result of weak economic statistics.


The recovery today was widespread, and all market categories were heading upward. Because of lower Treasury rates, REITs were strongly supported.


After Amazon launched Venmo as a payment option ahead of the holiday season, PayPal saw a 7% increase. The choice made by Amazon will improve PayPal's fourth-quarter performance.


Trading speculation that the worst has already been priced in ahead of tomorrow's earnings announcement, which will be issued after the market close, helped Meta climb 6%.


Significant earnings reports that were announced after the market closed put the market's optimism to the test.


Alphabet announced profits of $1.06 per share and sales of $69.09 billion, both of which fell short of expert expectations. The company's shares came under rapid pressure and dropped below the $100 mark.


Microsoft reported $50.1 billion in sales and $2.35 per share in profitability. The business said that sales from Microsoft Cloud was $25.7 billion, up 24% from the previous year. The stock did not get much support from the robust rise in the cloud sector in the post-market session, and Microsoft dropped below the $250 threshold.


By exceeding analyst expectations for both profits and sales, Visa announced revenue of $7.8 billion and adjusted earnings of $1.93 per share. The business announced a $12 billion share buyback program as well as an increase in dividend payments to $0.45 per share. Although Visa shareholders were pleased with the dividend hike and stock repurchase, the stock remained mostly unchanged in the post-market session.


It is important for traders to be aware that these stocks will be sensitive to remarks made during the results calls, and that tomorrow's dynamics may be different from the price movement in the post-market session.

Suggestion