• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Artificial Intelligence: 1. Ant Financial released its trillion-level flagship thinking model, Ring-2.6-1T. 2. Baidu released Wenxin 5.1, with pre-training costs only 6% of the industry average. New Energy Vehicles: 1. The China Association of Automobile Manufacturers (CAAM) and eight automakers denied online rumors of being summoned for talks. 2. NIO released its April report on intelligent assisted driving, showing total assisted driving mileage exceeding 170 million kilometers. 3. Cui Dongshu of the China Passenger Car Association (CPCA) reported that my countrys automobile exports reached 3.28 million units from January to April this year, a year-on-year increase of 52%, setting a new record in recent years. Other: 1. Moderna, a US pharmaceutical giant, is developing a Hantavirus vaccine. 2. my countrys fourth-generation domestically developed superconducting quantum computer, "Origin Wukong-180," went online. 3. More than 100 Chinese institutions will jointly build a "space cloud" ecosystem. 4. The research vessel "Exploration One" arrived in Guangzhou, achieving several important scientific discoveries. 5. Alibaba did not participate in DeepSeeks financing negotiations; market sources denied rumors of a "breakdown." 6. General Administration of Customs: In the first four months of this year, my countrys electric vehicle exports increased by 68.1%; industrial robot exports increased by 30%.Tesla (TSLA.O): The Fremont factory has completed the production of the last Model S and the last Model X.1. Putin says the ceasefire in Ukraine stemmed from security warnings to Kyiv. 2. Putin: Russia has not received any prisoner exchange proposals from Ukraine. 3. Guterres welcomes the three-day ceasefire and prisoner exchange between Russia and Ukraine. 4. Putin: The door to negotiations with Europe has never been closed. 5. Putin: Russia will meet Slovakias energy needs. 6. Japans Ministry of Economy, Trade and Industry: Japan is considering sending officials to Russia as early as the end of May. 7. Putin: Meetings are possible in third countries, but only if a lasting peace agreement is reached. 8. Zelenskyy speaks with the President of the European Council to discuss issues including Ukraines accession to the EU. 9. Kremlin spokesman: There is still a long way to go to reach a peace agreement (with Ukraine). 10. Russian Ministry of Defense: Has responded to Ukraines violation of the ceasefire. Ukraine has attacked Russian military and civilian targets with drones and artillery.U.S. State Department: U.S. Secretary of State Marco Rubio met with the Prime Minister and Foreign Minister of Qatar. The United States supports Qatars defense efforts and emphasized the importance of continued close coordination to deter threats and promote stability and security in the Middle East.May 10th - The UK local elections concluded on May 9th, revealing a major defeat for the ruling Labour Party, which lost a significant number of local council seats. The opposition Conservative Party also suffered heavy losses, while the far-right Reform Party performed strongly. The local elections, held on May 7th, involved approximately 5,000 seats in 136 local councils across England, as well as all seats in the Scottish and Welsh Parliaments. According to British media reports, more than 20 Labour MPs in the House of Commons have publicly called for Starmers resignation or a timetable for his departure. Several cabinet members, including Chancellor of the Exchequer Reeves and Defence Secretary Healy, have publicly expressed their support for Starmer.

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.