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February 6th - According to the Central Social Work Department, in order to develop a high-quality social work plan for the 15th Five-Year Plan period, the department is now soliciting suggestions from all sectors of society.Both WTI and Brent crude oil prices rose by more than 2% intraday, currently trading at $64.43 per barrel and $68.39 per barrel, respectively.Amazon shares plunged 11% in after-hours trading on Thursday, primarily dragged down by market concerns over its massive $200 billion capital expenditure plan. This is the largest expenditure among all major tech companies, a significant increase from Amazons capital spending last year and more than $50 billion higher than analysts expectations. In response to market concerns, Amazon CEO Andy García stated that he is confident in the companys cloud business achieving a "strong return on investment," but did not provide a specific timeline. García explained that the company needs such a large capital investment to meet the extremely high demand for Amazon AI computing power, which requires a large amount of infrastructure such as data centers, chips, and network equipment. "This is not a reckless gamble to blindly pursue revenue growth," García said. "We are confident that these investments will bring strong returns on capital. This has already been proven in the core AWS business, and we believe it will be the same in the AI field." García said, "AWS could have grown even faster if there had been more computing power available. Therefore, we are expanding capacity very flexibly and very aggressively."According to RIA Novosti, the Russian Ministry of Defense stated that its troops have captured the Popivka stronghold in eastern Ukraine.According to Hong Kong Stock Exchange filings, JPMorgan Chases long position in CATL (03750.HK) decreased from 8.62% to 8.57% on February 2, 2026.

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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