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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.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.

S&P 500 (SPY) Tries To Settle Below 3600

Skylar Shaw

Oct 11, 2022 15:05

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At the beginning of the week, the S&P 500 declines


At the start of the week, the S&P 500 is still under significant pressure as traders sell equities due to recession concerns.


Tech stocks are leading the decline. The new export regulations intended to limit China's access to cutting-edge technology might result in huge losses for the businesses in this industry. Stocks like NVIDIA and Intel are now testing annual lows as a consequence.


Concerns regarding coronavirus-related measures in Macau have caused the price of casino stocks like Wynn Resorts and Las Vegas Sands to drop by roughly 10%.


Cruise stock prices are still under pressure due to economic concerns. Today's trade has seen losses of 5–8% for Norwegian Cruise Line, Carnival Corporation, and Royal Caribbean Cruises.


It should be noted that consumer defensive equities like Kroger, Kraft Heinz, and Altria are somewhat in demand.


In the overall picture, the market is heading towards annual lows and there has been a significant sell-off. The rapid rate rises by the Fed are causing traders to worry that they may put too much pressure on the economy and result in a catastrophic recession rather than a "soft landing."

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