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January 24th - According to The Hill, a new poll shows that a majority of respondents have a negative view of the performance of U.S. Immigration and Customs Enforcement (ICE). A poll released Friday by The New York Times and Siena College found that 63% of registered voters disapprove of ICEs handling of the situation, while only 36% approve. Of those, 55% expressed "strong disapproval," while only 24% expressed "strong approval." This poll was conducted after the shooting death of 37-year-old Renee Good by ICE officers in Minneapolis, an incident that sparked weeks of unrest in the city. As part of the Trump administrations aggressive crackdown on immigration, the Department of Homeland Security (DHS) deployed immigration officials to Minnesota. However, local officials say that citizens and other legal residents have also been treated unfairly in these operations, and tensions between protesters and federal officials remain high.Air raid sirens sounded in Kyiv, the capital of Ukraine, on January 24 local time.The Cyberspace Administration of China has issued a notice soliciting public comments on the "Guidelines for the Classification and Grading of Financial Information Service Data (Draft for Comment)".Ukrainian President Zelensky: Russia launched a large-scale attack on several regions of Ukraine early this morning, firing more than 370 drones and 21 missiles of different types, resulting in one death and dozens of injuries.January 24th - According to sources, Nvidia CEO Jensen Huang recently visited China, with his first stop being Nvidias new office in Shanghai. This afternoon, Huang was seen visiting a local farmers market in Shanghai. He will also attend the companys annual meeting and distribute red envelopes to employees. This is Huangs first visit to China in 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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