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The European-Mediterranean Seismological Centre has revised the magnitude of the earthquake in the Flores region of Indonesia from 7.4 to 6.9.The European-Mediterranean Seismological Centre reports a 7.4-magnitude earthquake in the Flores region of Indonesia.August 15th - Following the exposure of the pressure on the US Patriot interceptor stockpile during the Iraq War, defense companies such as Boeing, Lockheed Martin, Northrop Grumman, and Raytheon are racing to develop lower-cost, faster-producible missiles. In the past, the US defense industry continuously added advanced guidance and propulsion systems to missiles, resulting in a unit price exceeding $4 million and production cycles of several years. Now, the Pentagon is demanding that companies "change or be eliminated," hoping to counter cheap threats such as drones at a lower cost. Lockheed Martin has launched a low-cost version of the ACE interceptor, costing only about $2 million per missile, less than half the cost of the enhanced PAC-3 MSE; Boeing is developing an "ultra-low-cost" guidance head, planning to reduce its cost percentage; Northrop Grumman has launched the Strike Hunter system; and Raytheon is expanding the application of its Coyote low-cost anti-drone missile. The US Army states that not all targets require the most advanced and expensive interceptor systems. However, most low-cost solutions will still require several years before mass production.Market news: Jane Street reported poor performance in July, with trading revenue showing its first monthly loss since 2016.Market news: JaneStreet said in a memo to employees on Friday that its 2026 revenue "is down about 25% from its peak at the end of June".

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

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