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Shares of major U.S. technology companies fell on the Frankfurt electronic trading platform, with Nvidia down 2%, and Microsoft and Alphabet down 2.3%.January 19th - According to statistics from the Guangdong Sub-Administration of the General Administration of Customs, in 2025, Guangdongs total import and export of goods reached 9.49 trillion yuan, a year-on-year increase of 4.4%, setting a new annual record. This accounted for 20.9% of the countrys total foreign trade, an increase of 0.1 percentage points from the previous year, ranking first among all provinces and municipalities for 40 consecutive years, contributing 24.1% to the national foreign trade growth. Specifically, exports reached 6.03 trillion yuan, an increase of 2.5%; imports reached 3.46 trillion yuan, an increase of 7.8%.January 19th - According to the China Index Academy, due to the relatively delayed Spring Festival holiday in 2026, the traditional off-season for sales will be shifted later, making the performance of the real estate market from January to early February a key window for observing the prosperity of the first quarter and even the whole year.The Indonesian rupiah fell further to 16,945 against the US dollar, a new low since early April 2025.On January 19th, George Chevelli, portfolio manager of natural resources at Ninety One, stated that there is more reason to believe that gold prices will consolidate or rise slightly rather than fall sharply. "Golds upward momentum is strong, but its fundamentals remain solid," he said. These fundamental factors include a weaker dollar, ongoing geopolitical tensions, expectations of a Federal Reserve rate cut, and escalating concerns about fiscal deficits and continued central bank demand.

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

Jimmy Khan

Nov 04, 2022 16:57

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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.

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