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On June 6, 2026, local time, Vice President Han Zheng met with Belarusian Prime Minister Turchin in Minsk. Han Zheng stated that Belarus is Chinas all-weather comprehensive strategic partner. Chinas determination to develop relations and deepen cooperation with Belarus is unwavering, and it will, as always, support Belarus in safeguarding its sovereignty, security, and development interests. Both sides should take high-quality Belt and Road cooperation as a guide, better leverage mechanisms such as the China-Belarus Intergovernmental Cooperation Committee, solidly advance key cooperation projects such as the China-Belarus Industrial Park, and continuously create new highlights in cooperation. China supports Belarus in playing a greater role in international affairs and is willing to closely coordinate and cooperate with Belarus in multilateral mechanisms and international organizations to jointly practice genuine multilateralism, safeguard the common interests of the global South, and inject valuable certainty into a turbulent world.Air New Zealand CEO: Plans to purchase Singapore Airlines fuel at around US$150 per barrel in fiscal year 2027.According to RIA Novosti, a fire at an oil refinery in Russias Tumen region has been extinguished.On June 6, the Ministry of Transport organized a special maritime traffic enforcement operation in the waters east of Taiwan Island, involving the Fujian Maritime Safety Administration, Guangdong Maritime Safety Administration, East China Sea Navigation Safety Center, and East China Sea Rescue Bureau. This operation aimed to fully exercise my countrys maritime administrative law enforcement jurisdiction, enhance deep-sea patrol and enforcement capabilities and traffic control in key waters, ensure maritime traffic safety, and safeguard national interests. This action was a necessary response to Japan and the Philippines unilateral announcement of initiating "maritime boundary delimitation negotiations" east of Taiwan Island, which seriously infringed upon Chinas territorial sovereignty and maritime rights.Kuwaiti military: Seven missiles from Iran were intercepted on Saturday.

S&P 500 (SPY) Tries To Gain More Ground Despite Powell’s Comments

Alice Wang

Sep 09, 2022 15:45

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S&P 500 Attempts To Maintain Its Rebound

As top tech companies are once again under pressure, the S&P 500 is fluctuating between gains and losses today. Amazon, Alphabet, and Apple are all down roughly 1%.


Today's traders concentrated on Fed Chair Jerome Powell's hawkish remarks, which emphasized the significance of the Fed's battle against inflation. Growth stocks suffered as a result of rising Treasury rates, which also placed some pressure on the S&P 500.


It should be observed that the financial and healthcare sectors both exhibit a noticeable increase in stock demand. Big banks like JP Morgan, Citigroup, and Morgan Stanley, for instance, are up today by approximately 2%.


S&P 500 retreated after failing to stabilize above the 4000 mark. The S&P 500 has found support around 3950 and resistance at 3980 at the moment. The S&P 500 will acquire further downward momentum and head toward the next support level at 3915 if it drops below the 3950 mark.


To the upside, the S&P 500 has to close above 4015 in order to have a chance of gaining long-term upward momentum. A rise over 4015 would pave the way for the 20 EMA at 4035, the next resistance level, to be tested.

Snap Rallies as Memo Highlights Ambitions for Growth

As a result of the market's response to the internal message that Snap CEO Evan Spiegel delivered, Snap is up more than 7% today. The corporation intends to increase the user base to 450 million by the end of the next year, the letter states.


Following the company's announcement of its new partnership with the cryptocurrency exchange FTX, Gamestop has also had some support today and tried to settle over the $26 mark. It remains to be seen if the new crypto relationship will increase interest in the meme stock, since Gamestop stock has been under significant pressure over the last several weeks.


From a broad perspective, the market needs more triggers to keep bouncing back. Trading will probably continue to be quite volatile before the Fed decision, which will be announced on September 21. While traders look ready to buy stocks after the major pullback, the hawkish Fed may limit their appetite for risk.

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