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Bernstein raised its price target for Lockheed Martin (LMT.N) to $629 from $614.Bernstein raised its price target for SpaceX (SPCX.O) from $239 to $248.On August 7th, the Housing and Urban-Rural Development Department of Guangxi Zhuang Autonomous Region issued a notice to launch a concentrated campaign across the region to rectify the order of the real estate transaction, real estate agency, and housing rental markets. The campaign focuses on three key areas: real estate development, brokerage services, and housing rental, addressing industry bottlenecks and pain points that have drawn significant public complaints and strong reactions, and effectively protecting the legitimate rights and interests of the public in purchasing and renting homes. Regarding the rectification of irregularities in the brokerage market, Guangxi will strictly require real estate brokerage agencies to implement a transparent pricing system, strengthen monitoring of fees charged by leading real estate brokerage agencies, and guide them to reasonably reduce service fees. The campaign will focus on investigating whether companies are illegally collecting financial rebates, channel fees, or other improper benefits; whether they are misappropriating or embezzling real estate transaction funds; and whether they are using concealment, fraud, coercion, bribery, or other improper means to solicit business, induce consumers to transact, or force transactions. The campaign will investigate and punish illegal and irregular activities such as "black market" brokers and infringements on the legitimate rights and interests of personal information, and publicly expose typical cases to continuously regulate brokerage service behavior.Russian Defense Ministry: Russian forces struck 34 Ukrainian military vessels in the past week.JPMorgan Chase raised its target price for ConocoPhillips (COP.N) from $124 to $134.

S&P 500 Retreats As Tech Stocks Remain Under Pressure

Eric Stanberg

Dec 20, 2022 17:59



The S&P 500 tests new lows as traders continue to be alarmed by the aggressive Fed.


As investors continued to dump tech stocks, the S&P 500 dropped toward the 3815 level. Over 1% of the heavily tech-weighted NASDAQ Composite dropped during today's trading.


The yield-sensitive tech stocks were negatively impacted by today's increase in Treasury yields. As they lower risks, traders' top worry is still the hawkish Fed.


Large-cap stocks like Amazon and Meta are down more than 2% in today's trading session. While this is happening, energy stocks are rising as WTI oil was able to settle over the $75 level.

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