EUR/USD 1.18390
-0.097%
Gold 4954.61
-0.732%
Oil 63.306
-0.407%
USD/JPY 153.137
-0.245%
GBP/USD 1.36074
-0.160%
GBP/JPY 208.384
-0.391%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
ExxonMobil Australia (XOM.N) said it has taken steps to either not use specific benefit claims or to cover up or remove such claims when not using “synergistic” fuel.February 17th - According to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), in recent years, SASAC has been committed to promoting the integrated development of technological innovation and industrial innovation, guiding central enterprises to accelerate the commercialization of scientific and technological achievements, promoting the deep integration of the industrial chain and innovation chain, and contributing to the development of new-type productive forces. It is understood that in the next step, central enterprises will focus on the deep integration of technological innovation and industrial innovation, prioritizing three aspects: increasing efforts in technological breakthroughs to solidify the technological foundation for high-quality development; strengthening forward-looking planning in industry to promote the industrialization of future technologies and the future-oriented development of key areas; and accelerating precise matching in the transformation process, speeding up the construction of intelligent service platforms for the commercialization of achievements, continuously promoting the construction of pilot-scale testing capabilities and service openness, and accelerating the transformation of scientific and technological achievements into real productive forces.Market news: ExxonMobil (XOM.N) has reached a settlement with the Australian Competition and Consumer Commission regarding the use of the "Synergy" brand at nine gas stations in Queensland.February 17th - The third round of trilateral talks between Russia, the United States, and Ukraine will be held today (February 17th) in Geneva, Switzerland. According to Swiss sources, the talks will be held behind closed doors, and the media will not be allowed inside. Russian Presidential Press Secretary Dmitry Peskov stated on February 16th that this round of talks will discuss a wider range of issues, including territorial disputes. There are also reports that bilateral contacts between Russian and Ukrainian representatives are possible during the talks.On February 17th, Russian Foreign Ministry spokeswoman Maria Zakharova stated in an interview on the 16th that negotiations on the Ukraine issue must take into account the interests of all parties. Zakharova stated that Russia has always advocated for a peaceful resolution to the current situation. Since 2014, Russia has consistently advocated for the implementation of the Minsk agreements. Even after 2022, Russia has repeatedly emphasized that a political and diplomatic solution has always been the priority, and it has never refused to hold negotiations. Zakharova stated that Russia has never refused to hold negotiations in Moscow, but there is an important precondition: the negotiations must be based on genuine mutual respect, take into account the interests of all parties, and aim to achieve results. The negotiations must yield results, not become a cover for any provocative actions.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

微信截图_20221104163926.png


As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.

Suggestion