EUR/USD 1.15249
0.003%
Gold 4400.57
-0.178%
Oil 81.711
0.060%
USD/JPY 159.421
0.004%
GBP/USD 1.34936
-0.004%
GBP/JPY 215.123
0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
White House: Trump signed a memorandum authorizing U.S. law enforcement agencies to use cyber tools to combat criminal organizations operating in foreign jurisdictions.Conflict Situation: 1. Iranian Revolutionary Guard Spokesperson: If Iran faces renewed threats, hundreds of thousands of miles of energy transmission lines, thousands of power plants, all US and non-US facilities, and even global infrastructure connected to the internet will be at risk. 2. Iranian Revolutionary Guard Commander Naqdi: Given favorable conditions and orders, we must be able to advance operations into enemy territory. We produce more missiles than we launch every day. Even if this war lasts for years, Irans missiles will continue to be launched until the very last day. 3. Port Authority of Mocha, Yemen: The port is completely shut down due to Houthi attacks. 4. US Central Command: As of August 12th local time, the US military has forced 59 merchant ships to divert, rendered 3 ships immobile, and boarded and inspected 2 ships. Strait of Hormuz: 1. Trump: The US has complete control over the Strait of Hormuz. 2. The Persian Gulf oil spill crisis has resurfaced, and tanker attacks have exacerbated environmental risks in the Strait of Hormuz. 3. The Japanese Prime Minister and the Iranian President discussed easing tensions in the Middle East and the passage through the Strait of Hormuz. 4. Irans Persian Gulf Straits Authority: The Strait of Hormuz remains closed and will not reopen unless Irans conditions are accepted. 5. Iranian Foreign Ministry Spokesperson Baghae: As the country with the longest coastline in the Persian Gulf and the Gulf of Oman, Iran demands that all parties benefiting from shipping through the Strait of Hormuz take responsibility for repairing environmental damage in the relevant waters. Peace Negotiations 1. Yemens Houthi rebels expressed willingness to engage in dialogue with Saudi Arabia. 2. Sources: There are currently no discussions on extending the ceasefire. 3. According to Al Arabiya TV: Pakistani mediators are seeking a 60-day extension of the (US-Iran) ceasefire. 4. Pakistan stated that it will continue to promote direct and indirect diplomatic channels between the US and Iran. Other Matters 1. Iranian Oil Minister: Irans daily natural gas production capacity is expected to recover significantly. 2. Former Mossad Director claims Israeli personnel have repeatedly "surveyed" Iranian nuclear facilities. 3. Iran claims that oil cleanup work is underway off the southern coast of Qeshm. 4. Secretary of Irans Supreme National Security Council: Iran and Pakistan are each others "strategic assets." 5. A supertanker was spotted docking at a key Saudi port for the first time in weeks. 6. Iran: The US Congress should investigate the increase in Trumps assets. 7. Iraqi Prime Minister: September 30 is the deadline for the international coalition to withdraw its troops.Venezuelas central bank: Inflation reached 19.9% in July.U.S. Commerce Secretary Rutnick: The establishment of an Apple (AAPL.O) Mac mini factory in Texas will be announced tomorrow local time.According to Fox Business, White House Council of Economic Advisers Chairman Feren stated that the CPI report weakened the case for raising interest rates.

S&P 500 Retreats Towards 3960 As Traders Focus On Target’s Results

Cory Russell

Nov 17, 2022 16:50

微信截图_20221117162019.png

Market Decline Driven by Target and Micron

As traders responded to Target's disappointing earnings report and Micron's cautionary statement, the S&P 500 retreated toward the support of 3960.


Target reported earnings that fell short of analyst expectations and announced plans to slash expenses by up to $3 billion over the next three years.


Micron stated that its capital expenditure plans had been modified in light of the market outlook's deterioration for the coming year.


As a result of the cruise line's announcement that it will issue $1 billion in convertible senior notes, Carnival was one of the worst losers in the S&P 500 today. The stock had fallen by roughly 14% as of the writing. After the epidemic, cruise firms are heavily indebted, and their debt levels will probably continue to be a big issue in the coming years.


WTI oil attempted to settle below the $85 mark today, placing substantial pressure on energy stocks. Since many of the stocks in this market category are trading close to their yearly highs, some traders seek to lock in profits.


The warning issued by Micron hurt tech stocks. The news by Micron put pressure on the stock prices of other semiconductor companies, including AMD and NVIDIA.


It should be emphasized that while Treasury yields decreased today, the stock market received no benefit from this change. It appears that the S&P 500 will require further supportive catalysts in order to stabilize above the 4000 mark.

Suggestion