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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

S&P 500 (SPY) Remains Under Pressure As Traders Cannot Find Positive Catalysts

Jimmy Khan

Sep 01, 2022 14:48

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S&P 500 Attempts To Level Off At 3980

As there are not enough triggers for equities to recover from the recent sell-off, the S&P 500 is now trading close to the support at the level of 3980.


According to the ADP Employment Change report, which was just issued by the U.S., private firms gained 132,000 jobs in August as opposed to 268,000 in July.


The labor market is clearly slowing down, but because rising inflation is still the major issue, it is unclear if the Fed will pay heed to this slowdown.


Additionally, traders should be aware that the market-moving Non Farm Payrolls data, which will be issued on Friday, and the ADP Employment Change report often provide different image.


Technically, the S&P 500 is attempting to settle below the 3080 support level. The modest effort to recover encountered significant opposition close to the 4000 level. If the S&P 500 manages to close below 3980, there is plenty of potential for more downward momentum, and it may go swiftly below the next support around 3950.


After a strategic update, Bed, Bath & Beyond declines


Trading is turbulent today since there aren't any encouraging market triggers. After the significant sell-off in recent trading sessions, the selling pressure is, however, less fierce.


Following the publication of its strategy update, Bed, Bath & Beyond's stock is down 22%. The corporation will liquidate 150 outlets and eliminate 20% of its workforce. Bed, Bath & Beyond will begin an at-the-market offering campaign for up to 12 million shares of common stock to increase liquidity. The major cause of the sell-off is the impending stock offering.


Following the announcement of the company's third quarter fiscal 2022 results, HP is down 7%. Revenue forecasts were missed by the corporation, and guidance for the whole 2022 period was reduced.


Snap increased 10% after announcing that it will lay off 20% of its employees. Even if the news boosted Snap stock, investors should be aware that many businesses have already made layoff announcements, which will have a negative effect on employment reports in the coming months.

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