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Anta Sports (02020.HK): The Company has received written approval from the shareholders of Anta International and its wholly-owned subsidiaries, Anda Holdings and Anda Investment; accordingly, all parties to the acquisition of 29.06% equity interest in PUMASE have approved the share purchase agreement and the acquisition.EU Defence and Space Commissioner Coubilius: The US demands on European defense are "reasonable".The chart shows that at 23:00 Beijing time on February 13, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. 11 of these contracts have a strike price of over 1 billion. Please manage your risk.February 13 – The Ministry of Public Security announced on February 13 that the 11th China-US Drug Intelligence Exchange Meeting was held in the United States from February 10 to 12, local time. Inter-agency drug enforcement delegations from China and the US participated in the meeting. During the meeting, both sides conducted in-depth discussions on the drug situation, the cleanup of illegal online information, cooperative cases, chemical control, and anti-money laundering related to drug trafficking. They reported on the latest developments, exchanged opinions and suggestions, and clarified the direction of cooperation. Both sides agreed to jointly promote the healthy, in-depth, and pragmatic development of China-US drug enforcement cooperation on the basis of equality and mutual respect. The China-US Drug Intelligence Exchange Meeting, which began in 2002, is hosted alternately by the drug enforcement departments of the two countries and is an important institutional meeting in the field of drug enforcement between China and the US.On Friday, February 13, the Hang Seng Index closed down 465.42 points, or 1.72%, at 26,567.12; the Hang Seng Tech Index closed down 48.56 points, or 0.9%, at 5,360.42; the H-share Index closed down 142.47 points, or 1.55%, at 9,032.71; and the Red Chip Index closed down 72.42 points, or 1.64%, at 4,338.34.

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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