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On May 10, local time, Russian Presidents Press Secretary Peskov said that Russia is actively developing relations with many countries and will continue to do so. Peskov pointed out that it is very difficult to isolate Russia because Russia occupies a very important position in the world. In addition, Peskov also said that Russian President Putin is willing to engage with leaders of any country in the world, and he is willing to interact to the extent that they are ready to cooperate.On May 10, California Governor Gavin Newsom criticized the U.S. federal government in a video posted on social media. He said that the U.S. governments current tariff policy "may cause the United States to lose its position as the worlds largest economy." In the video, he criticized the U.S. governments tariff policy for blocking U.S. imports and directly affecting the daily lives of ordinary people. "In a few months, people will lack school bags and Christmas toys. Tariffs will make American families even worse." Newsom said that as the state with the strongest economic power in the United States, California occupies an important position in the global economy, precisely because California is committed to "reducing trade barriers and providing quality services to American consumers", but the current tariff policy is undermining all of this, leading to rising prices and stagnation at ports.Kremlin: European countries statements have a "confrontational character".May 10th news: On the evening of May 9th local time, a US federal judge ruled that the Trump administration may not continue to advance its large-scale layoffs or major restructuring plans for multiple federal agencies based on an executive order issued in February this year.Ukrainian President Zelensky: We all agree that the conflict in Ukraine must be ended "in a dignified and peaceful manner."

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Keep Moving Higher As Appetite For Risk Grows

Cory Russell

Jan 30, 2023 15:17

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S&P 500 (SPX500)

S&P 500 is currently trying to settle above the 4080 level. Today, traders focused on the economic data from the U.S. PCE Price Index met expectations, while Consumer Sentiment and Pending Home Sales exceeded analyst forecasts. The economy remains in a decent shape despite recession worries, which is bullish for stocks.


The Fed decision, which will be released on February 1, will be the key event for markets in the near term. At this point, traders are not worried about hawkish Fed. The market expects that Fed will raise the rate by 25 bps at the next meeting and will not be able to push the rate above the 5.00% level in 2023. The encouraging economic reports did not change this consensus, which was bullish for S&P 500.


Today’s move is not broad, and several market segments are moving lower. Energy stocks got hit due to the pullback in oil markets.


American Express is the biggest gainer in the S&P 500 today. The stock is up by 12% after the strong earnings report.


Intel  is among the biggest losers in today’s trading session as the company missed analyst estimates on both earnings and revenue and presented disappointing guidance for the first quarter.

NASDAQ (NAS100)

NASDAQ rallied to new highs as Tesla gained 10% amid reports about high demand for Model Y in the U.S.


The general risk appetite is rising, which is bullish for the tech-heavy NASDAQ. Currently, NASDAQ is trying to settle above the resistance at 12,200. In case this attempt is successful, NASDAQ will move towards the next resistance level at 12,450.

Dow Jones (US30)

Dow Jones is today’s laggard due to the sell-off in Intel and Chevron shares. Chevron is down by 4% today as traders take profits near all-time highs and react to the pullback in oil markets.