EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 29th, local time, continuous gunfire and explosions were reported in several areas of Niamey, the capital of Niger, starting in the early hours of the morning. Sources stated that militants attacked Diori Hamani International Airport and attempted to breach the security perimeter around the presidential palace. Local residents reported intense gun battles and explosions near the Niamey 101 Air Force Base, which is closely connected to Diori Hamani International Airport. Diori Hamani Airport was attacked twice this year by extremist groups and militants in January and June. Bana Ougana Ibrahim, a member of parliament from the Sahel National Union and a member of the National Transitional Council of Niger, stated on social media that the attackers targeted the 101 Air Force Base, but Nigerien security forces have brought the situation under control. The Nigerien government and military have not yet confirmed these reports.On August 29, the Russian Ministry of Defense announced on Saturday that Russian forces had struck a transshipment point at the port of Mykolaiv, Ukraine. The Ministry stated that the berthing area for refueling ships and the unloading point for fuel and lubricants were also targeted.Authorities say three people have been killed in a Ukrainian attack on Russia’s Belgorod region.On August 29th, Baidu AI Cloud announced a recent organizational restructuring of its product and R&D departments. The original Platform Products Business Unit was renamed the Intelligent Agent Business Unit, with its MaaS business, Qianfan brand, and related MaaS products transferred to the Infrastructure Business Unit. The Data Platform Department was renamed the Data Intelligence Department and transferred to the Intelligent Application Business Unit, formerly the Application Products Business Unit. Following the restructuring, the three business units of Baidu AI Cloud are now headed by Hou Zhenyu, Yin Dawei, and Ruan Yu, respectively: Hou Zhenyu is responsible for the Infrastructure Business Unit, managing AI Infra and Agent Infra; Yin Dawei is responsible for the Intelligent Agent Business Unit, focusing on Agent products such as Baidu Dazi, Miaoda, and Famou; and Ruan Yu is responsible for the Intelligent Application Business Unit, managing Baidu Yijian, Hogee, Shengsuan, and industry applications in transportation and finance. All three report directly to Shen Dou, Executive Vice President of Baidu Group and President of the Intelligent Cloud Business Group.On August 29th, at the site of the Gyirong landslide disaster in Shigatse, Tibet, the G216 National Highway was blocked due to the landslide, severely hindering the progress of rescue and relief work. On the 29th, the China Anneng Engineering team dispatched by the Ministry of Emergency Management continued its road clearing operations. It is understood that China Anneng has deployed 60 technical and skilled personnel and mobilized 28 sets of engineering rescue equipment, including excavators and loaders, to work tirelessly to clear the damaged sections of the G216 National Highway, allowing subsequent personnel and heavy machinery to enter and expedite rescue efforts. Rescue personnel are scientifically assessing disaster risks and monitoring surrounding hazards in real time to ensure the efficient implementation of subsequent rescue and relief work. According to on-site rescue personnel, after days of continuous road clearing operations by multiple engineering rescue teams, 2.5 kilometers of road have been cleared, with 1.8 kilometers remaining to the Gyirong border crossing.

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