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The API crude oil inventory data for the week ending July 17 will be released in ten minutes.On July 22, Iranian President Pezechzian emphasized on the 21st that Iran must maintain internal unity and cohesion and should not unjustly belittle the results of the negotiations. Speaking at the National Industry and Mining Day celebrations, Pezechzian said that Iran has made steady progress on important issues such as the reopening of the Strait of Hormuz and the resumption of oil exports during the negotiations. Despite the US breach of contract, Irans achievements in these processes have "far exceeded expectations." Pezechzian said that discussions about the methods and results of the negotiations are welcome within Iran, but the results should not be belittled with unfounded statements. He stressed that maintaining unity and internal cohesion is crucial to Irans current situation.Market sources indicate that U.S. Chairman of the Joint Chiefs of Staff General Dan Kane has not explicitly stated whether a U.S.-Iran conflict would include ground troop operations.The Dow Jones Industrial Average rose 385.56 points, or 0.74%, to close at 52,224.82 on Tuesday, July 21; the S&P 500 rose 65.91 points, or 0.89%, to close at 7,509.19; and the Nasdaq Composite rose 329.13 points, or 1.29%, to close at 25,837.21.July 22nd - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.74%, the S&P 500 up 0.89%, and the Nasdaq Composite up 1.29%. SK Hynix (SKHY.O) rose 13.7%, Micron Technology (MU.O) rose 12%, SanDisk (SNDK.O) rose 14%, Nvidia (NVDA.O) rose nearly 2%, and SpaceX (SPCX.O) rose 3%. The Nasdaq China Golden Dragon Index closed down 0.69%, and NetEase (NTES.O) fell more than 3%.

NASDAQ, S&P 500, Dow Jones Analysis – Traders Keep Buying Tech Stocks

Skylar Shaw

Jan 10, 2023 15:11

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S&P 500 (SPX500)

After the recent advance, traders began to take gains, and the S&P 500 slipped away from session highs. Treasury rates attempted to climb higher but lost steam and dropped to fresh lows, giving equities in today's trading session even more support.


The movement today was significant, and most market categories advanced throughout the trading session. However, the stock sell-offs in Baxter International and Regeneron Pharmaceuticals put pressure on the healthcare sector.


Despite the solid recovery in the oil and natural gas markets, energy equities have also seen small increases. The S&P 500's top performer today was Tesla, which is up more than 7%.

NASDAQ (NAS100) 

As chip stocks increased, the NASDAQ stabilized close to the 11,200 mark. Today's trading session has seen gains of 7% for AMD and NVIDIA.


Investors are purchasing equities that saw significant declines in 2022. Investors are prepared to wager on a robust comeback after stocks like AMD and NVIDIA dropped to fair valuation levels.


The Fed is still hawkish, and the economy might enter a recession, so it is unclear if the present rising momentum will last. The market is now positive, nevertheless, and the demand for riskier assets continues rising.

Dow Jones (US30)

The Dow Jones is now the least successful of the main U.S. indexes. Healthcare companies Merck, Johnson & Johnson, and Amgen are the greatest losses in the Dow Jones index.


Although it should be emphasized that the dynamics of tech companies will decide whether the general market advances higher in the following trading sessions, today's weakness of the Dow Jones is somewhat concerning for the wider market. All indexes will rise if traders keep purchasing tech equities.

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