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Goldman Sachs repurchased 3.6 million shares of its stock for $3 billion in the fourth quarter.On January 15th, Zou Lan, spokesperson and vice governor of the Peoples Bank of China, stated that the central bank, in conjunction with the State Financial Regulatory Commission, will lower the minimum down payment ratio for commercial property purchase loans to 30% to support the reduction of inventory in the commercial real estate market. A representative from the China Index Academy stated that previously, the minimum down payment ratio for commercial properties (including shops, office buildings, hotels, and commercial complexes) was 50%. The central banks move to lower the down payment ratio to 30% directly reduces the barrier to entry for purchasing commercial properties and helps to stimulate activity in the commercial real estate market.According to Hong Kong Stock Exchange documents: Yifang Biotechnology (Shanghai) Co., Ltd.-B has submitted a listing application to the Hong Kong Stock Exchange.On January 15th, the State Administration for Market Regulation (National Standardization Administration) approved and released a batch of important national standards, covering emerging fields, transportation and green and low-carbon development, work safety, and peoples daily lives. In emerging fields, four national standards for industrial internet platforms were released, providing crucial support for the large-scale development and application of industrial internet platforms. Four national standards for digital supply chains were also released, facilitating the digital development of supply chains and enhancing the resilience of the industrial chain. Five national standards for integrated safety in smart factories were released, promoting the manufacturing industry towards a high-quality and sustainable development stage through data-driven precision management. Finally, a national standard for the technical specifications of classification and comprehensive utilization of recyclable rare earth secondary resources was released, supporting the recycling and utilization of rare earth resources.On January 15th, Xiaomi Autos official Weibo account announced a low-interest car purchase policy for the Xiaomi YU7: down payments starting from 49,900 yuan, with monthly payments as low as 2,593 yuan, effective from 00:00 on January 16th to 24:00 on February 28th. A "3-year 0% interest" policy is also available, with down payments starting from 74,900 yuan and monthly payments as low as 4,961 yuan.

S&P 500 (SPY) Gains Ground As Rebound Continues

Florala Chen

Oct 19, 2022 16:33

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S&P 500 rose more than 1% on widespread rebound

After touching the 3760 resistance level, the S&P 500 lost pace and drew back toward the 3720 level. Stocks nonetheless managed to post respectable gains for the day.


Stocks received significant support from the Industrial Production data, which showed that Industrial Production climbed by 0.4% month over month in September. But it seems that the stock market's primary driver today was the continuance of the technical bounce.


One of today's largest gainers was the cruise industry. Today's gains ranged from 7 to 11% for Royal Caribbean Cruises, Norwegian Cruise Line Holdings, and Carnival Corporation.


After exceeding analyst earnings expectations and expanding stock repurchases, Lockheed Martin saw an 8% increase. Salesforce increased by more than 4% after Starboard Value's purchase of a stake in the business.


Interestingly, despite the significant sell-off in the oil markets, top energy equities like Exxon Mobil and Chevron did not decline.


From a wide perspective, the recovery was significant, and all market sectors rose. Traders kept looking for discounts and purchasing undervalued stocks.


Following the release of its earnings report, Netflix shares climbed near $275 in the after-market session. The firm posted profits of $3.19 per share and sales of $7.48 billion, both of which were higher than analysts' estimates. Regarding the fourth-quarter forecast, Netflix said that the persistently high dollar posed a substantial obstacle. Netflix anticipates reporting revenue of $7.8 billion for the last quarter of current year.


The shares of United Airlines rose to $40 in the after-market session after the airline's earnings topped analysts' expectations. The business said that despite the difficulties of the recession, robust COVID recovery patterns will continue. Previously, traders were concerned that consumer spending would be harmed by recession worries, but it seems that demand for air travel is still high.

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