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1. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.62% to 48,114.26 points, the S&P 500 fell 0.24% to 6,800.26 points, and the Nasdaq Composite rose 0.23% to 23,111.46 points. Johnson & Johnson and UnitedHealth Group fell more than 2%, leading the decline in the Dow Jones. The Wind U.S. Tech Big Seven Index rose 0.45%, Tesla rose more than 3%, and Facebook rose more than 1%. Chinese concept stocks were mixed, with Pony.ai rising more than 7% and Atour falling more than 3%. 2. European stock markets closed lower across the board. The German DAX index fell 0.68% to 24,064.06 points, the French CAC40 index fell 0.23% to 8,106.16 points, and the UK FTSE 100 index fell 0.68% to 9,684.79 points. Weaker-than-expected US November non-farm payroll data triggered risk aversion, with Brent crude oil falling below $60, weighing on energy stocks. Expectations of Russia-Ukraine peace talks dragged down defense stocks, and the continued contraction of the German manufacturing PMI exacerbated concerns about growth. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 1.45 basis points to 3.485%, the 3-year Treasury yield fell 2.49 basis points to 3.528%, the 5-year Treasury yield fell 2.97 basis points to 3.695%, the 10-year Treasury yield fell 3.12 basis points to 4.143%, and the 30-year Treasury yield fell 3.15 basis points to 4.813%. 4. Brent crude oil fell mainly due to signs of oversupply and progress in the Ukraine peace talks, closing at $55.18 per barrel; the Brent crude oil futures contract fell 2.79% to $58.87 per barrel. 5. International precious metals futures closed mixed, with COMEX gold futures falling 0.07% to $4332.2 per ounce and COMEX silver futures rising 0.32% to $63.80 per ounce. 6. London base metals traded mixed. LME zinc fell 1.89% to $3035.00/ton, LME nickel fell 0.63% to $14255.00/ton, LME copper fell 0.31% to $11619.00/ton, LME aluminum rose 0.58% to $2882.50/ton, LME lead rose 0.05% to $1942.00/ton, and LME tin rose 0.02% to $40955.00/ton. The London Metal Exchange issued a statement saying it plans to set and implement position limits for key and related contracts starting July 6, 2026.Key Futures Data and Events to Watch Today (December 17, 2025) Wednesday: 1. Global October WBMS Non-Ferrous Metals Supply and Demand Report; 2. Opening remarks by Williams, permanent FOMC voting member and President of the New York Fed, at the 2025 Foreign Exchange Market Structure Conference hosted by the New York Fed; 3. US EIA Crude Oil Inventories for the week ending December 12.Boeing (BA.N) has been awarded a $930 million contract by the U.S. Navy for its Super Hornet aircraft.On December 17th, Cao Cao Mobility (02643.HK) announced on the Hong Kong Stock Exchange that on December 16th, a total of 19 members of the companys management voluntarily committed to the company that they will not sell any shares of the company obtained through the exercise of options granted under the pre-IPO share incentive plan until June 24, 2026. The company believes that the voluntary commitment by these management members to restrict the sale of their shares demonstrates their confidence in the Group and is conducive to the Groups continued, stable, and healthy development.On December 17th, the European Commission announced on December 16th its plan to issue approximately €90 billion in bonds in the first half of 2026. The proceeds will be used to support Ukraine and provide loans to member states. These funds will be disbursed through the "Next Generation EU" program and the "European Security Action" mechanism. The European Commission stated that it will provide up to €33 billion in loans to Ukraine between 2024 and 2027. Analysts believe that given the internal divisions within the EU regarding the use of frozen Russian assets to support Ukraine, this large-scale bond issuance plan aims to provide Ukraine with continuous and stable financial support.

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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