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Sources say U.S. officials are discussing sanctions related to "terrorism" against the UNs Palestinian refugee agency.Oracle Corporation (ORCL.N) reported disappointing cloud revenue on December 11, indicating that its recent large-scale artificial intelligence orders may take longer to materialize. Oracles second-quarter earnings showed cloud sales grew 34% to $7.98 billion, while its closely watched infrastructure business saw revenue rise 68% to $4.08 billion. However, both figures slightly missed analysts expectations. In a statement Wednesday, the company said remaining fulfillment obligations (a metric for order backlog) jumped to $523 billion in the second quarter, compared with analysts average estimate of $519 billion.On December 11th, Chris Grisanti, Chief Market Strategist at MAI Capital Management in New York, commented on the Federal Reserves interest rate decision: "The initial reaction was no surprise; rates were lowered as expected. But when you look ahead, you see a lot of uncertainty. As we move from todays rate cuts to 2026, the tailwind effect of these cuts will no longer be as reliable. This could become a problem. Further, with the Feds revised wording emphasizing the uncertainty surrounding the magnitude and timing of future rate cuts, the Fed is essentially sending a signal to the market: dont take rate cuts for granted. In my view, this means well only see more rate cuts if the economy slows significantly. As a stock investor, I hope there wont be any rate cuts in 2026, because that would mean the economy is weakening. Id rather have a robust economy than more rate cuts."Adobe (ADBE.O) expects revenue of $6.25 billion to $6.3 billion for the first quarter of next year. It projects total revenue of $25.9 billion to $26.1 billion for fiscal year 2026.Oracle (ORCL.N) fell nearly 6% in after-hours trading.

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.



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