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February 4th - American Airlines Group (AAL.O) CEO Robert Isom is facing pressure from pilots who accuse him of failing to close the gap between the company and its more profitable peers. According to a letter to its members released by the pilots union, the United Pilots Association (APA), the union is considering a vote of no confidence in Isom and his management team. This action could take place as early as Friday. The APA represents approximately 16,000 pilots. The union stated that the potential vote of no confidence stems from mishandling winter storm preparations last month and American Airlines disappointing financial performance. This internal backlash comes as American Airlines faces a series of operational and strategic challenges, including reducing approximately $35 billion in debt and escalating competition with United Airlines in Chicago.The China Earthquake Networks Center officially reported that a magnitude 3.1 earthquake occurred at 19:23 on February 4 in Akqi County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.73°N, 78.38°E), with a focal depth of 10 kilometers.February 4th - Vivo confirmed that it has internally initiated a Vlog camera project at the end of 2025, with the product targeting DJIs Pocket series. The products name has not yet been officially confirmed, and it is expected to be released in 2026.The China Earthquake Networks Center officially reported that a magnitude 6.0 earthquake occurred at 18:39 on February 4 in the Kermadec Islands of New Zealand (29.85 degrees south latitude, 178.25 degrees west longitude), with a focal depth of 190 kilometers.A spokesperson for the Ukrainian Foreign Ministry stated that Russias large-scale attacks on energy facilities have hindered peace negotiations. This round of talks in Abu Dhabi will primarily focus on military and military-political issues. Ukraine hopes to understand the "true intentions" of Moscow and Washington in the peace negotiations.

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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