dow jones companies

Exchange Rates 13.03.2023 analysis

At the close of the New York Stock Exchange, the Dow Jones was down 1.07% to hit a 3-month low, the S&P 500 was down 1.45% and the NASDAQ Composite was down 1.76%.

Unemployment in the US rose to 3.6% in February from 3.4% the previous month, while analysts believed that the figure would not change. And the number of people employed in non-agricultural sectors of the economy increased by 311,000, with a projected increase of 205,000.

Statistics on the labor market and consumer prices are of great importance for investors, since these are the two main indicators that the US Federal Reserve relies on when determining its further actions in monetary policy.

Dow Jones

The leading performer among the Dow Jones index components in today's trading was Intel Corporation, which gained 0.78 points or 2.95% to close at 27.22. JPMorgan Chase & Co rose 3.31 points or 2.54% to close at 133.65. The Travelers Companies Inc rose 1.76 points or 1.01% to close at 175.68.

The least gainers were Cate

Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

Falls On The New York Stock Exchange, Who Lost The Most?

InstaForex Analysis InstaForex Analysis 16.09.2022 08:17
At the close of the New York Stock Exchange, the Dow Jones fell 0.56% to a one-month low, the S&P 500 fell 1.13% and the NASDAQ Composite fell 1.43%. UnitedHealth Group Incorporated was the top performer in the Dow Jones Index today, up 13.14 points or 2.58% to close at 522.91. JPMorgan Chase & Co rose 1.75 points or 1.51% to close at 117.87. Goldman Sachs Group Inc rose 4.36 points or 1.33% to close at 331.62. The losers were Salesforce Inc, which shed 5.50 points or 3.43% to end the session at 154.78. Microsoft Corporation was up 2.71% or 6.84 points to close at 245.38, while Visa Inc Class A was down 2.03% or 4.04 points to close at 195. .37. Leading gainers among the S&P 500 index components in today's trading were Humana Inc, which rose 8.37% to 497.24, Wynn Resorts Limited, which gained 7.48% to close at 65.23, and shares of Paramount Global Class B, which rose 5.16% to close the session at 23.05. The losers were Adobe Systems Incorporated, which shed 16.79% to close at 309.13. Shares of Albemarle Corp shed 6.49% to end the session at 286.75. West Pharmaceutical Services Inc lost 5.91% to 273.63. Leading gainers among the components of the NASDAQ Composite in today's trading were Heartbeam Inc, which rose 85.60% to hit 2.32, Neurobo Pharmaceuticals Inc, which gained 47.21% to close at 24.82, and shares of Nabriva Therapeutics AG, which rose 40.65% to end the session at 0.27. The drop leaders were Shuttle Pharmaceuticals Inc, which shed 55.65% to close at 16.63. Shares of Eloxx Pharmaceuticals Inc lost 40.97% to end the session at 0.22. Quotes Color Star Technology Co Ltd fell in price by 39.54% to 0.07. On the New York Stock Exchange, the number of securities that fell in price (2188) exceeded the number of those that closed in positive territory (909), and quotes of 125 shares remained virtually unchanged. On the NASDAQ stock exchange, 1991 stocks fell, 1759 rose, and 265 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.42% to 26.27. Gold futures for December delivery lost 2.08%, or 35.55, to hit $1.00 a troy ounce. In other commodities, WTI October futures fell 3.84%, or 3.40, to $85.08 a barrel. Brent oil futures for November delivery fell 3.56%, or 3.35, to $90.75 a barrel. Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.20% to 1.00, while USD/JPY was up 0.23% to hit 143.48. Futures on the USD index rose by 0.06% to 109.44.     Relevance up to 05:00 2022-09-17 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/293021
US Nonfarm Payrolls Disappoint: Impact on Dollar and EUR/USD Analysis

Many Of Big Losers On The Close Of The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 27.09.2022 08:10
At the close in the New York Stock Exchange, the Dow Jones fell 1.11% to hit a 52-week low, the S&P 500 fell 1.03%, and the NASDAQ Composite fell 0.60%. Walmart Inc was the top gainer among the components of the Dow Jones index today, up 1.25 points (0.96%) to close at 131.31. Apple Inc rose 0.34 points (0.23%) to close at 150.77. Procter & Gamble Company rose 0.13 points or 0.10% to close at 135.71. The biggest losers were The Travelers Companies Inc, which shed 4.88 points or 3.14% to end the session at 150.60. Boeing Co was up 2.99% or 3.92 points to close at 127.34, while Chevron Corp was down 2.63% or 3.81 points to close at 140.96. . Leading gainers among the components of the S&P 500 in today's trading were Wynn Resorts Limited, which rose 11.99% to 66.80, Las Vegas Sands Corp, which gained 11.81% to close at 39.66. as well as Costco Wholesale Corp, which rose 2.98% to end the session at 480.30. The losers were DISH Network Corporation, which shed 6.12% to close at 14.27. Shares of The AES Corporation shed 5.48% to end the session at 22.96. Quotes of Halliburton Company decreased in price by 5.17% to 23.31. Leading gainers among the components of the NASDAQ Composite in today's trading were LAVA Therapeutics NV, which rose 97.50% to 4.74, DIRTT Environmental Solutions Ltd, which gained 42.87% to close at 0.45. as well as shares of Panbela Therapeutics Inc, which rose 25.96% to close the session at 0.34. The biggest losers were Powerbridge Technologies Co Ltd, which shed 68.57% to close at 0.50. Shares of Scienjoy Holding Corp lost 43.77% to end the session at 1.67. Quotes of Snow Lake Resources Ltd fell in price by 40.88% to 1.88. On the New York Stock Exchange, the number of securities that fell in price (2652) exceeded the number of those that closed in positive territory (536), while quotes of 132 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,592 stocks fell, 1,248 rose, and 275 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 7.82% to 32.26, hitting a new 3-month high. Gold futures for December delivery lost 1.56%, or 25.90, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 2.82%, or 2.22, to $76.52 a barrel. Futures for Brent crude for December delivery fell 2.81%, or 2.39, to $82.64 a barrel. Meanwhile, in the Forex market, EUR/USD fell 0.84% to hit 0.96, while USD/JPY edged up 0.94% to hit 144.66. Futures on the USD index rose by 0.98% to 114.07.   Relevance up to 05:00 2022-09-28 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/294320
Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

Dow Jones Index: A Corrective Decline That Will Take Years Has Begun

InstaForex Analysis InstaForex Analysis 29.09.2022 09:29
Today we will look at the long-term chart of the Dow Jones Index dating back to 1921, but the period we would like to focus on is from the 1932 low at 40.56 to the peak on January 2022 at 36,952. If our long-term count is correct, then we have a complete five-wave rally. A corrective decline that will take years has begun. Looking at the major corrections of 1932 - 2022 (90 years), we see the first correction from 1937 - 1942 (5 years). The next major correction stretched from 1966 to 1974 (8 years). Then, we had the 2000 to 2009 correction (8-9 years). Now the index is going through a correction as well. This correction is of a larger degree and therefore is likely to take at least 8 years and possibly even longer. The expected correction doesn't have to be very deep, but the rally from 40.56 to 36,952 does open up for a decline to near the bottom of wave 4 which was the 2009 low. If that is seen, then it is likely to terminate near 7,363, but a decline closer to the 50 to 61.8% corrective targets at 18,303 or maybe even closer to 13,993 is the most likely scenario, though that's also quite a distance to cover from the present 29,684 level. We are braced for hard times in the years ahead with some major changes to the society as we know it today.   Relevance up to 07:00 2022-09-30 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/294749
Behind Closed Doors: The Multibillion-Dollar Deals Shaping Global Markets

CarMax Inc And SolarEdge Technologies Inc Are The Biggest Losers At The Close In The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 30.09.2022 08:09
At the close in the New York Stock Exchange, the Dow Jones fell 1.54%, the S&P 500 fell 2.11% and the NASDAQ Composite fell 2.84%. The leading gainers among the components of the Dow Jones index today were The Travelers Companies Inc, which gained 1.76 points (1.15%) to close at 154.68. Visa Inc Class A rose 0.88 points or 0.49% to close at 180.06. Merck & Company Inc shed 0.14 points or 0.16% to close at 86.64. The losers were Boeing Co shares, which lost 8.11 points or 6.08% to end the session at 125.33. Walgreens Boots Alliance Inc was up 4.97% or 1.65 points to close at 31.55 while Apple Inc was down 4.91% or 7.36 points to end at 142. .48. Among the S&P 500 index components gainers in today's trading were Everest Re Group Ltd, which rose 3.07% to 267.41, STERIS plc, which gained 2.76% to close at 167.29, and also shares of W. R. Berkley Corp, which rose 2.73% to end the session at 65.18. The biggest losers were CarMax Inc, which shed 24.60% to close at 65.16. Shares of SolarEdge Technologies Inc lost 8.27% to end the session at 235.56. Quotes of Royal Caribbean Cruises Ltd decreased in price by 7.91% to 43.64. Leading gainers among the components of the NASDAQ Composite in today's trading were Senti Biosciences Inc, which rose 50.71% to hit 2.11, Avalon Globocare Corp, which gained 25.85% to close at 0.70, and also shares of TuanChe ADR, which rose 25.31% to close the session at 3.07. The biggest losers were Atlis Motor Vehicles Inc, which shed 54.82% to close at 33.95. Shares of Lion Group Holding Ltd lost 49.25% and ended the session at 1.01. Quotes of Twin Vee Powercats Co decreased in price by 29.01% to 2.52. On the New York Stock Exchange, the number of securities that fell in price (2631) exceeded the number of those that closed in positive territory (530), while quotes of 112 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,842 stocks fell, 956 rose, and 224 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 5.50% to 31.84. Gold futures for December delivery lost 0.07%, or 1.20, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 0.55%, or 0.45, to $81.70 a barrel. Futures for Brent crude for December delivery fell 0.55%, or 0.48, to $87.57 a barrel. Meanwhile, in the Forex market, EUR/USD rose 0.70% to hit 0.98, while USD/JPY edged up 0.21% to hit 144.46. Futures on the USD index fell 0.36% to 112.11.  Go to dashboard   Relevance up to 05:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/294915
Saxo Bank Podcast: The Risk Of An Escalation In The US-China Confrontation, The Risk Of An Escalation In The US-China Confrontation And More

Market Focus Will Likely Be On Putin’s Warnings To The West, Nike (NKE) Reported Slightly Better Revenues And More

Saxo Bank Saxo Bank 30.09.2022 08:37
Summary:  Fresh lows return in US equities with more hawkish Fed comments and fear of earnings downgrades picking up as the Q3 earnings season draws closer. Cable extended its rally despite UK PM’s commitment to fiscal plan and weakening BOE hike expectations, while the EUR gained strength on the back of hot German CPI and uptick in ECB rate hike expectations. Talks of OPEC+ production cuts are gaining momentum, and focus today will be on China PMIs. Also watch for Eurozone CPI, US PCE data as well as Putin’s speech in the day ahead. What is happening in markets? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) fall to 22-month lows US stocks sank to their lowest levels since November 2020 after another round of Fed speakers continued with hawkish remarks, while oil maintained gains on expectations of OPEC+ cuts. Nasdaq 100 was down almost 4% at one point, but trimmed the losses before closing 2.9% lower, while the broader S&P500 met a similar fate nearing 3,600 before ending 2.1% down. All 11 sectors of the S&P 500 dropped, with Utilities falling the most and followed by Consumer Discretionary. Retail favorites Tesla (TSLA) and Apple  (AAPL)  led the declines falling 6.8% and 4.9% while chip makers followed with AMD (AMD) down 6.2% with PC demand falling away. On the upside, oil stocks like Devon Energy (DVN), and Diamondback Energy (FANG) and Occidental (OXY) moved higher. Separately the European Commission announced an eight package of sanctions that would include a price cap on Russia’s oil exports. U.S. treasury yields (TLT:xnas, IEF:xnas, SHY:xnas) climbed again After plunging sharply the day before on the Bank of England move, yields of U.S. treasury securities rose, with the 10-year note yields rising 6bps to 3.79% on Thursday.  Yields initially crept higher on bounces of U.K. Gilt yields and higher German regional CPI data, but paring their rise in the afternoon.  Hong Kong’s Hang Seng (HSIU2) and China’s CSI300 (03188:xhkg) Hong Kong and mainland equity markets opened higher on Thursday and pared the gain through the day and settled moderately lower, with the Hang Seng Index down by 0.5%, and CSI300 little changed. The news of the imposition of a 3-day mandatory PCR test in the financial district, Lujiazui in Shanghai due to one new Covid-19 case triggered some fears among investors. In spite of PBoC’s supportive statement coming out from its quarterly monetary meeting saying that the central bank will expand its special lending program to ensure the delivery of delayed housing projects, Chinese developers declined, with Country Garden (02007:xhkg) plunging 11.6%, Longfor (00960:xhkg) down by 7.5%, and CIFI (00884:xhkg) tumbling 16.3%.  Chinese EV maker, Zhejian Leapmotor (09863:xhkg), tumbled 33.5% in its first day of trading after an IPO priced at the bottom of a guided range.  XPeng (09868:xhkg) dropped 5.3%.  Trading in the China Internet space was mixed with Alibaba outperforming (+2.9%). Australia’s ASX200 (ASXSP200.1) likely to follow Wall Street lower: futures suggest a 0.3% fall today, aluminum stocks to be bright spark As above, on the ASX today, it’s worth keeping an eye on aluminum related stocks on the ASX including Rio Tinto (RIO) and Alumina (AWC). Meanwhile, diversified miners including the major retail favorites, like BHP (BHP) are worth watching after the Iron Ore (SCOA) price remains supported with China ramping up housing support. This morning the iron ore price (SCOA, SCOV2) pushed up ~1.1% to US$96.50. In NY BHP closed 0.6% higher, implying the ASX primary listing of BHP will likely move up, especially after the aluminum and iron ore prices rose. Cable stays bid and Euro follows The US 10-year yields as well as the dollar could not catch a strong bid on Thursday, which helped other G10 currencies gain some ground. Sterling was the strongest on the G10 board, with GBPUSD now testing 1.12 in early Asian hours. BOE’s emergency bond-buying measures however hints at a push lower in gilt yields, and GBP will likely come back under pressure if the surge in global yield resumes. This will need a focus shift back on Fed tightening as we think there is still some room for upward repricing of terminal rate Fed expectations and higher-for-longer rates. Meanwhile, expectations for an ultra-aggressive BOE hike in November cooled slightly. EURUSD also surged above 0.98 with ECB rate hike expectations for October meeting picking up after the hot German inflation, and with the ECB downplaying the chance of an emergency move to prop up Italian bonds. EURGBP was however lower from 0.8950 to 0.88. Aluminum and aluminum stocks on watch It’s worth watching aluminium related shares across the Asian-Pacific region today after the record jump in Aluminum price on the LME after Bloomberg reported plans to discuss a potential ban on new Russian metal supplies. The metal jumped 8.5% (its biggest intraday jump in record) before paring back. Crude oil (CLU2 & LCOV2) prices maintain gains Crude oil prices maintained the momentum with OPEC+ production cuts becoming a key factor going into the next week’s meeting. OPEC+ commenced discussions around an output cut with one saying it a cut is “likely”, according to Reuters sources. This comes after previous reports that Russia will likely propose OPEC+ reduces output by around 1mln BPD. Demand conditions are likely to weaken as global tightening race heats up, and this has prompted expectations for a supply cut as well. Brent futures touched $90/barrel mark but reversed slightly later, while WTI futures rose to $83/barrel before some decline later in the session.   What to consider? German inflation sparks EZ inflation fears German inflation touched double digits, as it came above consensus at 10.9% YoY for September from 8.8% YoY previously. Germany is also preparing to borrow an additional €200 billion to finance a plan to limit the impact of soaring energy costs, which could keep consumption high even as shortages loom. Up today will be the September eurozone inflation print. Expect a new record which will increase the pressure on the European Central Bank to hike interest rates by at least 75 basis points in October. The economist consensus expects that the headline harmonized index of consumer prices (HICP) will reach 9.7% YoY against 9.1% in August. The core rate is expected to climb to 5.6% YoY against 5.5% previously. The spread between the headline and the core inflation figures is mostly explained by a decrease in oil and natural gas prices in recent months. However, this is clear that inflation is becoming broad-based, including in the services sector. This means that inflation is here to stay for long. The HICP is likely to continue increasing in the coming months. A peak in inflation in the eurozone is possible in the first quarter of 2023, in our view. This is much later than in the United States. Fed speakers push for more hikes Loretta Mester remains more hawkish than the Fed’s median dot plot, and said that rate are not in restrictive territory yet and more rate hikes will be needed. No signs of concern on economy or dollar strength were noted, while inflation remained the key point of concern for her. James Bullard also made some key comments on ‘bad idea to mess’ with the inflation target while the labor market conditions remain tight and recession is only a risk. Mary Daly was more cautious, saying officials should work to avoid "inducing a deep recession." However, she still raised the bar on expectations on the Fed funds rate saying that she is comfortable with median Fed rate path projection of 4%-4.5% by year end, 4.5%-5% in 2023 (pointing to upside risks as the dot plot suggested 4.6%, or 4.5-4.75% if we talk in ranges). US initial claims come in strong again Initial claims came in lower than expected at 193k with last week’s also revised lower to 209k from 213k. Continued claims cooled to 1.347mln from 1.376mln despite the expected rise to 1.388mln. The data shows how tight the labour market is in the US and Fed's Bullard labelled today's claims metric as "super low". Meanwhile, the third estimate of Q2 GDP was confirmed to decline 0.6%, notably with consumer spending revised higher to 2% from 1.5% previously. Australian inflation rose 7% in the year to July, based on new monthly CPI At this rate it doesn’t appear CPI will peak at just shy of the 8% the RBA forecasts, given price pressures have resumed this month from the largest inflation contributors. Based on the ABS’s new monthly CPI print, some of the largest price jumps year-on-year to July were in fuel (+29.2%) and fruit & vegetables (+14.5%). The concern is that, with La Nina set to hit Australia and population growth continuing, food and housing (rent) prices will continue to rise apace. In September alone, contributors to food prices have risen markedly, as the global supply outlook has weakened amid poor crop conditions. This could tilt the RBA back toward a more hawkish stance. Australian rents to drive higher, adding to inflation woes Australia’s population growth resumed after borders reopened and business employment remains strong for the time being, at 50-year highs. New office and residential supply is expected be subdued in 2023 as interest rates rise; which supports the notion of falling vacancy rates. According to Colliers and the ABS, Sydney CBD rents rose 3.6% to $5.22 per square foot in the June quarter, driven by competition for top-quality office space. China’s manufacturing PMIs are expected to stay in the contractionary territory China’s September official NBS Manufacturing PMI and Non-manufacturing PMI as well as the Caixin China Manufacturing PMI are scheduled to release today. The median forecast of, economists surveyed by Bloomberg for the NBS Manufacturing PMI is 49.7 for September, a modest improvement from August’s 49.4 but remains in contraction territory.  Economists cite the lockdown of Chengdu and restrictive measures in some other cities during most part of the month and the weak EPMI released earlier as reasons for expecting the NBS Manufacturing PMI to stay below 50.  The Caixin Manufacturing PMI, which has a larger weight in coastal cities in the eastern region, is expected to remain at 49.5 as export-related manufacturing activities and container throughput were weak.  The consensus estimate for the NBS Non-manufacturing PMI is 52.4, staying in the expansionary territory, supported by infrastructure construction but slowing slightly in September from August’s 52.6 due to weakness in the housing sector.  On the other hand, steel production and demand data in September suggest the PMIs may potentially surprise the upside. Buying activity up in food and Agricultural instruments, stocks and ETFs Food prices are supported higher as the global crop outlook dampens for 4 reasons; concern lingers over Ukraine’s exports being cut off, South America has been hit by rains and frosts, the US has been plagued by drought and dry conditions and as Hurricane Ian made landfall in the, US conditions are likely to go from bad to worse. And lastly - La Nina is expected to hit Australia for the third year in a row. So we are seeing clients buy into Wheat and Corn. Both prices are up 20% off their lows. Secondly, buying has been picking up in agricultural stocks like General Mills (GIS) and GrainCorp (GNC). And lastly, clients are biting into agricultural ETFs like Invesco DB Agriculture Fund (DBA) and iShares MSCI Agricultural Producers ETF (VEGI). Fed preferred inflation measure, US PCE, on the radar today The Fed’s preferred inflation measure, the PCE is due today, and it will likely echo the same message as given by the last strong CPI number which has made the Fed even more hawkish in the last few weeks since the Jackson Hole. Headline numbers may be lower due to the decline in gasoline prices, but the price pressure on services side will likely broaden further. Last week, the Fed also raised its forecasts for inflation, with the central bank now seeing core PCE at 4.5% by the end of this year (it previously projected 4.3%), moderating to 3.1% next year and at 2.1% at the end of its forecast horizon in 2025, but thinks that headline PCE prices will be at its 2% target by then. Putin's speech due today after Russia annexed parts of Ukraine Vladimir Putin will address legislators after Russia signs treaties today to absorb four occupied regions, with Ukrainian forces threatening to encircle a pocket of the Donbas region. There is also growing resistance to Putin’s decision to call up 300,000 reservists. Market focus will likely be on Putin’s warnings to the West about any potential threats of using nuclear weapons, which may mean risk aversion getting another leg up. Nike sank on concerns about inventory build-up and margins Nike (NKE) reported slightly better than expected revenues and inline earnings but below expectation gross margins and a 65% surge in inventories for the North American market.  In the earnings call, the company’s CFO pledged to take “decisive action to clear excess inventory” and such efforts will have “a transitory impact on gross margins this fiscal year”.  Investors took note of the implication on demand and profitability and sold stock to more than 9% lower in the extended hour trading. Apple fell on analyst downgrade After being sold on the company’s announcement to back off plans to increase iPhone production this year on the day before, Apple’s shares fell another 4.9% yesterday after an analyst downgrade from a U.S. investment bank.  In this Market Daily Insights piece yesterday, we mentioned the warnings from Peter Garnry, Saxo’s Head of Equity Strategy, about the likelihood that Apple’s revenue could slip into negative growth for the current quarter ending Sep 30 and you can find more details of his analysis from here. In his note, Peter also warns that analysts may be way off in their estimates for the S&P 500 for Q3 and it is highly probable that there will be significant misses to the downside followed by gloomy comments from company management about the outlook on margins.     For a week-ahead look at markets – tune into our Saxo Spotlight. For a global look at markets – tune into our Podcast. Source: https://www.home.saxo/content/articles/equities/market-insights-today-30-sept-30092022
Philippines Central Bank's Hawkish Pause: Key Developments and Policy Stance

A Peak In Inflation In The Eurozone Is Possible| H&M’s Challenging Position And Micron's Shocking Forecast

Saxo Bank Saxo Bank 30.09.2022 09:44
Summary:  After celebrating the injection of liquidity from the Bank of England on Wednesday, global markets swooned again yesterday, taking the major US indices. Elsewhere, sterling has recovered most of the lost ground since the announcement of last week’s tax cuts on the stabilization of the gilt market, with other major sovereign yields also easing lower. The drop in yields and a consolidation in the US dollar have supported gold, which is poking higher toward important resistance.   What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) US equities traded lower yesterday after hawkish remarks from Mester and Bullard that policy rates will stay higher for longer than what the market is expecting (pricing in). In addition, the market is increasingly at edge with the expectation that Russia will annex four regions of Ukrainian territory because the fear is that it could escalate the war to new levels. Nasdaq 100 futures are most sensitive to the hawkish Fed messages and tumbling growth outlook, so watch this index going into the weekend. Nasdaq 100 futures are trading around the 11,265 level this morning and 11,000 is naturally the big next level on the downside in case selling resumes into the weekend. Hong Kong’s Hang Seng (HSIU2) and China’s CSI300 (03188:xhkg) Hong Kong and mainland China markets were treading water ahead of the week-long National Day golden week holiday. Chinese developers rallied to recoup some of the recent losses following PBoC’s supportive statement coming out of its quarterly monetary meeting saying that the central bank will expand its special lending program to ensure the delivery of delayed housing projects. Country Garden (02007:xhkg) rebounded 10% after plunging 11% yesterday. Chinese EV maker, Zhejian Leapmotor (09863:xhkg), tumbled another 11% after having tumbled 33.5% yesterday on its first day of trading. Other Chinese EV names traded in the Hong Kong bourses plunged from 2% to 9%. Strong USD fades as bond yields punched lower The weak US dollar suggests that the market was more focused on rising US treasury yields during the recent upswing than the accompanying risk sentiment deterioration: yesterday, the USD weakened sharply as yields were flat to lower while risk sentiment was in the dumps. Hard to tell if some end-of-month/quarter rebalancing through today might be in play as well. A proper reversal of the recent USD bull move would require far more weakness, for example: EURUSD back above the 0.9900-0.9950 area and AUDUSD above perhaps 0.6700 (more on GBPUSD below). Next week features a full line-up of key US macro data and should bring a test of the USD’s status. Was that the climax for sterling bear market? Too early to draw conclusions here, as sterling has not yet recovered sufficient ground in the most important EURGBP and GBPUSD pairs to suggest that we have seen a climax reversal, although overnight, GBPUSD did reverse the entire plunge sparked by the announcement of the special budget last Friday by Chancellor Kwarteng, which started around 1.1200. Arguably, a close above 1.1200-1.1250 suggests a chance over reversal, though really 1.1500 was a more significant starting point for the recent slide. For EURGBP, the key support/pivot zone is 0.8750-0.8700. While there was nothing specifically supportive about the Bank of England’s emergency QE, if the logic is that the BoE saved the system from a financial crisis and that the exercise demonstrated that quantitative tightening will prove impossible elsewhere eventually (and therefore the BoE is only the first of many), sterling’s situation looks less bad if other central banks eventually follow suit. Gold (XAUUSD) Gold continues to rebound from key support at $1615 with the focus now being the critical resistance zone into 1,680-1,700 that is the departure point for this latest bear market move. While global bond yields and the USD will continue to lead the way as coincident indicators, the market has held up relatively well with geopolitical concerns (Putin’s N threat) and investors increasingly worried the FOMC with its hawkish actions may break the currency and bond market. Some signs of that were seen this week with some extreme moves in local bond and currency markets. Speculators hold a rare net short in COMEX gold futures and any further strength will trigger short covering, while total holdings in ETFs backed by bullion have declined to a 30-month low. Crude oil (CLX2 & LCOX2) Crude oil is heading for its first albeit small weekly gain in five and the first quarterly drop since 2020. The market remains troubled by forces pulling prices in opposite direction, and while the strong dollar, surging yields, and continued lockdowns in China have raised demand worries, the risk to supply continues to be a supporting theme. That focus returned on Thursday when OPEC+ said a production cut would be discussed at next week's meeting with Russia proposing a 1 mln barrels per day cut, a reduction towards which they are unlikely to contribute much as they are already producing below their quota. In addition, the combination of Russian sanctions and embargo and the US pausing its sales from strategic reserves will continue to dampen the downside risks. US treasuries (TLT, IEF) US treasury yields remained calm yesterday as we can infer that the recent wild ride in UK gilts had triggered contagion into US treasury yields, likely aggravating the recent rise toward 4.00% for the 10-year treasury benchmark before the BoE’s emergency efforts took major sovereign yields back lower. US macro data next week, including the ISM surveys and the September jobs report next Friday, will be key for the direction in US yields, with the major 3.50% level, the June high, the key downside pivot point. What is going on? Apple shares (AAPL:xnas) crater after the company announced it will skip production increase and on analyst downgrade Apple shares ended the day nearly 5% lower, helping to drag the broader market lower as it is world’s largest company by market capitalization. A Bank of America analyst cut the rating on the company to “neutral” from “buy”. Apple’s demand is hurt by the cost-of-living crisis and the earnings outlook last night from the chip manufacturer Micron Technology is indicating that demand is coming down fast. Fed speakers push for more hikes Cleveland Fed president Loretta Mester (voter this year) remains more hawkish than the Fed’s median dot plot and said that rates are not in restrictive territory yet and more rate hikes will be needed. No signs of concern on economy or dollar strength were noted, while inflation remained the key point of concern for her. St. Louis Fed president James Bullard, likewise a voter this year, said it was a ‘bad idea to mess’ with the inflation target while labor market conditions remain tight and recession is only a risk. San Francisco Fed president Mary Daly (voter in 2024) was more cautious, saying officials should work to avoid "inducing a deep recession." However, she still raised the bar on expectations on the Fed funds rate saying that she is comfortable with median Fed rate path projection of 4%-4.5% by year end, 4.5%-5% in 2023 (pointing to upside risks as the dot plot suggested 4.6%, or 4.5-4.75% if we talk in ranges). Eurozone inflation is set to hit a new record in September The September eurozone inflation will be released today. Expect a new record which will increase the pressure on the European Central Bank to hike interest rates by at least 75 basis points in October. The economist consensus expects that the headline harmonized index of consumer prices (HICP) will reach 9.7 % year-over-year against 9.1 % in August. The core rate is expected to climb to 5.6 % year-over-year against 5.5 % previously. The spread between the headline and the core inflation figures is mostly explained by a decrease in oil and natural gas prices in recent months. However, this is clear that inflation is becoming broad-based, including in the services sector. This means that inflation is here to stay for long. The HICP is likely to continue increasing in the coming months. A peak in inflation in the eurozone is possible in the first quarter of 2023, in our view. This is much later than in the United States.  Earnings recap (H&M, Nike, and Micron) H&M delivered a big miss yesterday on operating profit as input costs surprised to the upside. H&M is starting charging for online returns to save costs and the demand in China is still weak due to H&M’s challenging position in the country. Nike surprised positively on revenue but missed on earnings against estimates as margin compression has begun, and the company’s inventory is building up fast creating a potential headache going forward as consumer demand is expected to decline in the coming quarters. Micron delivered a shocking outlook for the current quarter with revenue expected at €4-4.5bn vs est. €6bn. CEE currencies under strain, likely on geopolitical unease CEE currencies are under significant pressure since the news of the pipeline explosions this week – this was likely triggered by the sabotage of the Nord Stream pipelines to Germany, which could be a prelude to the cutting off of other pipelines from Russia. EURHUF has pulled above 420 for the first time ever, EURPLN yesterday spiked to the highest level since the timeframe just after the breakout of war in Ukraine.  Hungary continues to not support new sanction efforts against Russian energy imports. In Prague, protests have broken out against the country’s energy policy, while EURCZK remains sedated by heavy Czech central bank intervention. US initial claims come in strong again Initial claims came in lower than expected at 193k with last week’s also revised lower to 209k from 213k. Continued claims cooled to 1.347mln from 1.376mln despite the expected rise to 1.388mln. The data shows how tight the labour market is in the US and Fed's Bullard labelled today's claims metric as "super low". Meanwhile, the third estimate of Q2 GDP was confirmed to decline 0.6%, notably with consumer spending revised higher to 2% from 1.5% previously. Aluminium prices bolt higher; fuelling a rally in major mining companies Aluminum prices on the London Metal Exchange briefly jumped by a record 8.5% on Thursday before retracing lower. The sudden burst which to a minor extent was replicated in zinc and nickel was driven by a Bloomberg report saying that the LME as an option is looking into whether and under what circumstances they might place a ban on Russian metal being cleared via the exchange. Any such move by the LME to block Russian supplies could have significant ramifications for the global metal markets given their importance as a supplier of the mentioned metals, which to a smaller extend also includes copper. What are we watching next? Change of course from UK government after recent events? UK Prime Minister Liz Truss and Chancellor Kwarteng will meet with the Office of Budget Responsibility today for emergency talks before they receive the first draft of fiscal forecasts from the OBR next week. The recent crisis in the UK gilt market and downward spiral in sterling could elicit a response and possible backtracking on some portion of the recent policy announcement, although Truss said as recently as yesterday that she will stay the course. The most recent YouGov political poll release yesterday shows the Conservatives trailing Labour by a whopping 33 points, the largest gap since the 1990’s. Election in Brazil at the weekendBrazilian voters go to the polls on Sunday, with left-leaning former president Lula leading strongly in the polls over the incumbent right-populist Bolsonaro, but with many fearing the risk of disorder and violence as Bolsonaro has already made claims of election fraud and has hinted at not wanting to leave office. A run-off election between the two candidates will be held on October 30 if neither gets more than half the popular vote this weekend. The Brazilian real is at the weak end of the recent range versus the US dollar. Fed preferred inflation measure, US PCE, on the radar today The data point is for August and comes nearly three weeks after the BLS CPI data for the month. It will likely echo the same message as given by the last strong CPI number which has made the Fed even more hawkish in the last few weeks since the Jackson Hole. Headline numbers may be lower due to the decline in gasoline prices, but the price pressure on services side will likely broaden further. At last week’s FOMC meeting, the Fed also raised its forecasts for inflation, with the central bank now seeing core PCE at 4.5% by the end of this year (it previously projected 4.3%), moderating to 3.1% next year and at 2.1% at the end of its forecast horizon in 2025, but thinks that headline PCE prices will be at its 2% target by then. Earnings calendar this week Today’s earnings release to watch is from Carnival which is expected to deliver strong results but there are significant downside risks to the outlook from fuel costs, staffing costs and the cost-of-living crisis hurting disposable income. Today: Carnival (postponed from last week), Nitori Economic calendar highlights for today (times GMT) 0755 – Germany Sep. Unemployment Change/Rate 0800 – Poland Sep. Flash CPI 0800 – Norway Daily FX Purchases 0830 – UK Aug. Mortgage Approvals 0900 – Eurozone Sep. Flash CPI 1230 – US Aug. PCE Deflator/Core Deflator 1300 – US Fed Vice Chair Brainard to speak at Fed conference on Financial Stability. 1345 – US Sep. Chicago PMI 1400 – US Final University of Michigan Sentiment Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: Apple  Spotify PodBean Sticher   Source: https://www.home.saxo/content/articles/macro/market-quick-take-sep-30-2022-30092022
Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

InstaForex Analysis InstaForex Analysis 03.10.2022 08:21
At the close of the New York Stock Exchange, the Dow Jones fell 1.71% to hit a 52-week low, the S&P 500 fell 1.51% and the NASDAQ Composite fell 1.51%. Shares of UnitedHealth Group Incorporated were among the leaders of gains among the components of the Dow Jones index today, which lost 3.79 points (0.74%) to close at 505.04. Walgreens Boots Alliance Inc fell 0.15 points or 0.48% to close at 31.40. Dow Inc shed 0.23 points or 0.52% to close at 43.93. The drop leaders were Nike Inc shares, which lost 12.21 points or 12.81% to end the session at 83.12. Boeing Co was up 3.39% or 4.25 points to close at 121.08, while Walt Disney Company was down 3.20% or 3.12 points to close at 94. 33. Leading gainers among the S&P 500 index components in today's trading were Charles River Laboratories, which rose 3.57% to hit 196.80, Weyerhaeuser Company, which gained 2.92% to close at 28.56, and shares of Twitter Inc, which rose 2.74% to end the session at 43.91. The losers were shares of Carnival Corporation, which fell 23.31% to close at 7.03. Shares of Norwegian Cruise Line Holdings Ltd lost 18.11% to end the session at 11.35. Quotes of Royal Caribbean Cruises Ltd decreased in price by 13.14% to 37.91. Leading gainers among the components of the NASDAQ Composite in today's trading were FingerMotion Inc, which rose 82.16% to hit 3.37, SAITECH Global Corp, which gained 43.36% to close at 3.24, and shares of Avenue Therapeutics Inc, which rose 39.03% to end the session at 10.08. The biggest losers were Atlis Motor Vehicles Inc, which shed 39.91% to close at 20.40. Shares of Aterian Inc lost 37.06% and ended the session at 1.24. Quotes of Edesa Biotech Inc decreased in price by 34.66% to 0.92. On the New York Stock Exchange, the number of securities that fell in price (1,758) exceeded the number of those that closed in positive territory (1,354), while quotations of 117 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,139 companies fell in price, 1,583 rose, and 228 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.69% to 31.62. Gold futures for December delivery added 0.11%, or 1.80, to $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 1.87%, or 1.52, to $79.71 a barrel. Futures for Brent crude for December delivery fell 2.13%, or 1.86, to $85.32 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.08% to 0.98, while USD/JPY advanced 0.23% to hit 144.77. Futures on the USD index fell 0.09% to 112.10. Relevance up to 05:00 2022-10-04 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/295131
UK Labor Market Shows Signs of Loosening as Unemployment Rises: ONS Report

The New Quarter (Q4) Kicked Off On A Volatile In Positive Way

Swissquote Bank Swissquote Bank 04.10.2022 10:35
The new week, the new month and the new quarter kicked off on a volatile, but a positive note. Credit Suisse closed a very ugly session with 0.90% loss only. Stocks  European indices gained, while the US indices rallied as softer-than-expected US ISM manufacturing index gave a positive spin to the market. The Dow Jones jumped the most on Monday, as oil stocks literally roared on the back of firmer oil prices. Oil bulls are betting that OPEC will announce an output cut of around a million barrels per day to ‘stabilize’ oil prices. FX Update In the FX, the US dollar retreat almost 3% since its September peak. The dollar lost more than 4.50% against the Brazilian real, as Cable rallied past the 1.13 level, after Liz Truss government took a ‘mini’ step back from their terribly unpopular fiscal spending plan, and said that they will not reduce taxes on big salaries. Elsewhere, the Reserve Bank of Australia lifted its interest rates by 25bp only, versus 50bp expected by analysts. Today's report Today, we will be watching the job openings data in the US, and hope to see a smaller number, as the Fed sees the job openings as a factor that could ease the pressure in the US jobs market. Then, will follow the ADP report on Wednesday, and the NFP, unemployment rate and the wages growth on Friday. Investors are praying for softish numbers this week to continue the rally. Watch the full episode to find out more! 0:00 Intro 0:22 Stocks rebound 1:23 Oil stocks rally on firmer oil 4:44 …but Tesla slumps 5:55 FX update: USD down, BRL & GBP up 6:33 … but Brits want to see Liz spend less 8:16 RBA cuts less & investors need soft US data to cheer up Ipek Ozkardeskaya Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #CreditSuisse #Tesla #Brazil #election #Bolsonaro #Lula #BRL #USD #GBP #OPEC #output #cut #crude #oil #US #jobs #Fed #BoE #Liz #Truss #mini #budget #SMI #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary ___ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr ___ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 ___ Let's stay connected: LinkedIn: https://swq.ch/cH
On the New York Stock Exchange A Lot Of Shares Fell, The Biggest Losers Were Bit Brother Ltd And Avenue Therapeutics Inc

On the New York Stock Exchange A Lot Of Shares Fell, The Biggest Losers Were Bit Brother Ltd And Avenue Therapeutics Inc

InstaForex Analysis InstaForex Analysis 06.10.2022 08:07
At the close of the New York Stock Exchange, the Dow Jones fell 0.14%, the S&P 500 fell 0.20%, and the NASDAQ Composite fell 0.25%. The leading performer among the components of the Dow Jones index today was Nike Inc, which gained 2.46 points or 2.78% to close at 91.10. Visa Inc Class A rose 2.02 points or 1.09% to close at 187.67. UnitedHealth Group Incorporated rose 3.90 points or 0.75% to close at 527.07. The biggest losers were Goldman Sachs Group Inc, which shed 5.87 points or 1.86% to end the session at 309.00. Shares of JPMorgan Chase & Co rose 1.38 points (1.23%) to close at 110.39, while Dow Inc shed 0.56 points (1.20%) to close at 46 .06. Leading gainers among the S&P 500 components in today's trading were Illumina Inc, which rose 6.56% to hit 218.52, Schlumberger NV, which gained 6.26% to close at 41.57, and Gap Inc, which rose 5.19% to end the session at 9.72. The biggest losers were Lumen Technologies Inc, which shed 9.45% to close at 7.28. Shares of Enphase Energy Inc shed 9.25% to end the session at 261.60. Quotes Vornado Realty Trust fell in price by 6.38% to 22.47. The leading gainers among the components of the NASDAQ Composite in today's trading were Chardan Nextech Acquisition 2 Corp, which rose 102.63% to hit 21.54, Nauticus Robotics Inc, which gained 96.27% to close at 6.32. , as well as shares of Pineapple Holdings Inc, which rose 93.01% to end the session at 2.76. The biggest losers were Bit Brother Ltd, which shed 42.97% to close at 0.18. Shares of Avenue Therapeutics Inc shed 41.59% to end the session at 8.47. Quotes Scienjoy Holding Corp fell in price by 36.99% to 1.38. On the New York Stock Exchange, the number of securities that fell in price (2102) exceeded the number of those that closed in positive territory (991), while quotes of 107 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,313 companies fell in price, 1,443 rose, and 198 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 1.79% to 28.55. Gold futures for December delivery shed 0.28%, or 4.90, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery rose 1.76%, or 1.52, to $88.04 a barrel. Futures for Brent crude for December delivery rose 2.07%, or 1.90, to $93.70 a barrel. Meanwhile, in the Forex market, EUR/USD fell 0.96% to hit 0.99, while USD/JPY edged up 0.35% to hit 144.60. Futures on the USD index rose 1.00% to 111.08.   Relevance up to 04:00 2022-10-07 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/295644
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

Chevron Corp Was The Top Gainer Among The Components Of The Dow Jones Index

InstaForex Analysis InstaForex Analysis 07.10.2022 08:31
At the close on the New York Stock Exchange, the Dow Jones fell 1.15%, the S&P 500 fell 1.02%, and the NASDAQ Composite fell 0.68%. Chevron Corp was the top gainer among the components of the Dow Jones index today, up 2.89 points or 1.82% to close at 161.42. Quotes of Caterpillar Inc rose by 0.43 points (0.24%), closing the session at 178.81. Home Depot Inc rose 0.54 points or 0.19% to close at 290.39. The losers were 3M Company shares, which lost 4.05 points or 3.52% to end the session at 111.12. International Business Machines was up 2.79% or 3.51 points to close at 122.23 while Walgreens Boots Alliance Inc was down 2.74% or 0.91 points to close at 32.25. Among the S&P 500 index components gainers today were DexCom Inc, which rose 4.53% to hit 95.21, APA Corporation, which gained 4.15% to close at 42.20, and Occidental Petroleum Corporation, which rose 4.07% to end the session at 70.50. The biggest losers were shares of Carnival Corporation, which shed 6.19% to close at 6.97. Shares of SolarEdge Technologies Inc lost 5.96% to end the session at 220.27. Shares of Generac Holdings Inc fell 5.59% to 168.69. Leading gainers among the components of the NASDAQ Composite in today's trading were Green Giant Inc, which rose 168.57% to 1.88, Atlis Motor Vehicles Inc, which gained 95.45% to close at 24.49. as well as shares of InVivo Therapeutics Holdings Corp, which rose 83.03% to close the session at 7.98. The biggest losers were Jowell Global Ltd., which shed 45.36% to close at 1.53. Shares of Cyclerion Therapeutics Inc lost 37.57% to end the session at 0.59. Quotes of Top Ships Inc decreased in price by 35.22% to 6.40. On the New York Stock Exchange, the number of securities that fell in price (2114) exceeded the number of those that closed in positive territory (997), while quotes of 125 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,093 stocks fell, 1,655 rose, and 252 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 6.90% to 30.52. Gold futures for December delivery added 0.07%, or 1.20, to $1.00 a troy ounce. In other commodities, WTI crude for November delivery rose 1.30%, or 1.14, to $88.90 a barrel. Futures for Brent crude for December delivery rose 1.57%, or 1.47, to $94.84 a barrel. Meanwhile, on the Forex market, EUR/USD fell 0.87% to 0.98, while USD/JPY edged up 0.35% to hit 145.13. Futures on the USD index rose 1.03% to 112.15.   Relevance up to 05:00 2022-10-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/295838
Kiwi Faces Depreciation Pressure: RBNZ Expected to Hold Rates Amidst Downward Momentum

The Chances Of The Fed For 75bp Rate Hike Increased After The Strong Report|European Stock Indices Are In A Downtrend

InstaForex Analysis InstaForex Analysis 08.10.2022 08:06
Stocks opened lower and Treasury yields rose as the strong report reaffirmed bets that the central bank would continue to be aggressive with its tightening campaign. Odds of a 75-basis point hike increased to a certainty following the report. Aside from the anxiety that usually precedes these numbers, traders had to digest remarks from a raft of Federal Reserve speakers who sounded unequivocally committed to crushing inflation with rate hikes. The hawkish rhetoric helped push the S&P 500 to its second straight day of losses, while lifting the dollar and Treasury yields. Oil topped $88 a barrel. European stock indices are in a downtrend with the target of updating year lows: This is the last jobs report Fed officials will have before their November policy meeting as they consider a fourth-straight 75-basis point interest rate hike. Fresh inflation data coming out next week will also play a fundamental role in their decision making. The report is projected to show the depth and breadth of the Fed's inflation problem, with a key indicator of consumer prices potentially worsening. The Moscow Exchange Index failed to hold above 2,000 and continued its decline: Key events this week: US unemployment, wholesale inventories, non-farm payrolls, Friday Bank of England Deputy Governor Dave Ramsden speaks at event, Friday Fed's John Williams speaks at event, Friday   Relevance up to 17:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/323750
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

Walgreens Boots Alliance Inc Was The Leading Gainer In The Dow Jones Index

InstaForex Analysis InstaForex Analysis 11.10.2022 08:15
At the close of the New York Stock Exchange, the Dow Jones was down 0.32%, the S&P 500 was down 0.75% and the NASDAQ Composite was down 1.04%. Walgreens Boots Alliance Inc was the leading gainer in the Dow Jones Index today, up 1.32 points or 4.33% to close at 31.84. Merck & Company Inc rose 2.88 points or 3.29% to close at 90.48. Boeing Co rose 2.11 points or 1.63% to close at 131.90. The losers were Salesforce Inc, which shed 4.65 points or 3.09% to end the session at 145.64. Microsoft Corporation was up 2.13% or 4.99 points to close at 229.25, while Walt Disney Company was down 2.06% or 2.00 points to close at 95. 16. Leading gainers among the S&P 500 index components in today's trading were Walgreens Boots Alliance Inc, which rose 4.33% to 31.84, Moderna Inc, which gained 3.44% to close at 123.42, and also shares of McCormick & Company Incorporated, which rose 3.30% to end the session at 75.86. The biggest losers were Wynn Resorts Limited, which shed 12.25% to close at 64.14. Shares of Bio-Rad Laboratories Inc shed 8.33% to end the session at 393.19. Quotes Norwegian Cruise Line Holdings Ltd fell in price by 7.91% to 11.88. Leading gainers among the components of the NASDAQ Composite in today's trading were Applied DNA Sciences Inc, which rose 70.97% to 2.12, Immunic Inc, which gained 56.57% to close at 6.20, and also shares of Green Giant Inc (NASDAQ:GGE), which rose 39.26% to end the session at 2.27. Shares of Siyata Mobile Inc were the biggest losers, losing 59.33% to close at 0.12. Shares of Minim Inc lost 29.38% and ended the session at 0.23. Quotes of Acm Research Inc decreased in price by 26.50% to 9.04. On the New York Stock Exchange, the number of securities that fell in price (2031) exceeded the number of those that closed in positive territory (1053), while quotes of 120 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,297 companies fell in price, 1,471 rose, and 191 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 3.48% to 32.45. Gold futures for December delivery lost 2.01%, or 34.40, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 1.89%, or 1.75, to $90.89 a barrel. Futures for Brent crude for December delivery fell 2.08%, or 2.04, to $95.88 a barrel. Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.40% to 0.97, while USD/JPY was up 0.27% to hit 145.73. Futures on the USD index rose 0.36% to 113.09.   Relevance up to 05:00 2022-10-12 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/296222
EUR/USD Trading Analysis and Tips: Navigating Signals and Volatility

On The New York Stock Exchange, 1818 Of Securities Fell In Price

InstaForex Analysis InstaForex Analysis 13.10.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones was down 0.10%, the S&P 500 was down 0.33% and the NASDAQ Composite was down 0.09%. The leading performer among the components of the Dow Jones index today was JPMorgan Chase & Co, which gained 1.65 points (1.62%) to close at 103.61. Quotes of Coca-Cola Co rose by 0.66 points (1.21%), closing trading at 55.14. Intel Corporation rose 0.29 points or 1.16% to close at 25.33. The biggest losers were Walgreens Boots Alliance Inc, which shed 0.67 points or 2.05% to end the session at 31.94. Walmart Inc was up 1.13% or 1.50 points to close at 131.17, while Boeing Co was down 0.87% or 1.15 points to close at 130.42. . Leading gainers among the S&P 500 index components in today's trading were Royal Caribbean Cruises Ltd, which rose 11.48% to 45.36, Norwegian Cruise Line Holdings Ltd, which gained 11.61% to close at 12. 98, as well as shares of Carnival Corporation, which rose 9.79% to close the session at 7.29. The biggest losers were Albemarle Corp, which shed 7.89% to close at 251.45. Shares of T. Rowe Price Group Inc lost 5.14% to end the session at 98.07. Quotes of Entergy Corporation decreased in price by 4.52% to 96.58. Leading gainers among the components of the NASDAQ Composite in today's trading were Pintec Technology Holdings Ltd, which rose 191.16% to hit 0.91, Agrify Corp, which gained 88.02% to close at 0.95, and also shares of 9F Inc, which rose 83.42% to close the session at 0.35. The biggest losers were Fednat Holding Co, which shed 33.87% to close at 0.22. Shares of T2 Biosystms Inc lost 30.00% and ended the session at 0.06. Kinnate Biopharma Inc lost 26.65% to 8.12. On the New York Stock Exchange, the number of securities that fell in price (1818) exceeded the number of those that closed in positive territory (1274), while quotes of 132 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,902 stocks fell, 1,820 rose, and 278 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.18% to 33.57. Gold futures for December delivery shed 0.33%, or 5.50, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 2.70%, or 2.41, to $86.94 a barrel. Futures for Brent crude for December delivery fell 2.13%, or 2.01, to $92.28 a barrel. Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.03% to 0.97, while USD/JPY edged up 0.70% to hit 146.88. Futures on the USD index rose 0.06% to 113.19.   Relevance up to 05:00 2022-10-14 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/296618
EUR: Stagflation Returns Amid Weaker Growth and Sticky Inflation

Japanese Yen (JPY) Suffers The Most, Expectations For The Chinese Economy (CPI, Export)

Saxo Bank Saxo Bank 14.10.2022 10:48
Summary:  A choppy session in equity and bond markets despite a hot US CPI print for September pushing up Fed funds rate expectations by over 25bps on the terminal rate projections which limits the room for Fed officials to out-hawk the markets. Japanese yen suffers the biggest blow as intervention remains weak, while GBP and Gilts generally supported higher with another potential U-turn in UK fiscal plan. Further tightening from Monetary Authority from Singapore boosts the SGD, and China’s CPI will be on watch in the Asian session before Bank earnings take away the limelight later in the day. What’s happening in markets? The Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) indices plunged after hot CPI data then whipsawed higher, moving in a ~5% range Core inflation (which excludes volatile food and energy items) rose to a 40-year high in September which gives the Federal Reserve reason to continue with its aggressive interest-rate hikes. The Nasdaq 100 fell over 3% and the S&P500 fell 2.35% before both major indices whipsawed higher with the Nasdaq ending up 2.3% and the S&P500 up 2.6%. Short covering and macro trading would have played a huge role in the reason markets whipsawed higher. ETF volume accounted for 39% of the turnover, just a touch lower than the record high of 40%. In terms of sectors, financials and energy led the benchmark index higher. Amid the energy crisis, there are the most rising-free cash flows in energy markets, which offer value. U.S. treasury yields (TLT:xnas, IEF:xnas, SHY:xnas) made new highs before waning U.S. treasuries had a volatile after the hot CPI prints. Now the money market fully prices in a 75bps hike in the November FOMC and a terminal rate of 4.9% early next year. The front end of the treasury curve was hit most with 2-year yields rising to as much as 24bps to 4.53% before paring back some of the move to finish the day 17bps higher at 4.65%. 10-year yields made a new high, hitting 4.08% soon after the CPI but spent the rest of the session waning to up only 4bps to close at 3.94%, despite a weak 30-year auction in the afternoon. The sharp rally (yields falling by over 20bps across the curve) in U.K. gilts contributed to stabilising U.S treasuries. The Bank of England bought a record £4.68 billion of gilts in its emergency bond purchase programme which is set to end on Friday. Traders snapped up gilts on speculation that the Truss government will announce the reversal of some of the tax cuts in the mini-budget when the Chancellor of the Exchequer Kwasi Kwarteng returns from the IMF meeting in Washington.  Australia’s ASX200 (ASXSP200.1) may likely meet a similar fate to US equities and have a wild day of trade In Australia a similar situation is playing out with the futures market is now pricing in interest rates will peak at 3.9% next year.  We have seen the RBA express ‘peak hawkishness’, is behind it. But the market is still pricing in rate rises will continue, but at a steady pace. This means growth sectors remain pressured and value strengthens. Consider; amid the energy crisis, there are the most rising-free cash flows in energy markets, which offer value and support share price growth. This is worth perhaps reflecting on, especially given coal prices hit fresh highs and we are not at peak coal demand season (January) yet. As such energy prices seem supported higher. Hong Kong’s Hang Seng (HSIU2) China’s CSI300 (03188:xhkg) Hong Kong and mainland China equities retreated, Hang Seng Index down 1.9% and CSI300 lower by 0.8%. HSBC (00005:xhkg) outperformed and gained 0.7%. Country Garden Services (06098:xhkg), tumbling 14.1%, and Country Garden Holdings (02007:xhkg), falling 9.8% were the worst performers in the Hang Seng Index, as the China property space continued to sell off. Machinery stocks declined on weak excavator sales in China. Weaknesses in China Internet and EV stocks dragged the Hang Seng Tech Index (HSTECH.I) down by 3.4%. On the other hand, local Hong Kong developers, Sun Hung Kai Properties (00016:xhkg), up 2.7%, New World Development (00017:xhkg), up 2.2%, and CK Asset Holdings (01113:xhkg), climbing 1.2% were among the best performers in the benchmark index, following news reports saying the Hong Kong Government is considering to relax the 15% extra stamp duty that non-resident buyers need to pay when buying a property in Hong Kong. In addition, Hong Kong is considering allowing 12 people instead of the currently 4 to gather in public. Macao casino stocks dropped from 1.9% to more than 7% on the dim prospect of relaxation on zero-Covid policy in mainland China. The head of China’s Epidemic Response and Disposal Leading Group, Liang Wannian, said on TV that China had no timeline for an exit from its Covid strategy. Sands China (01928:xhkg) was also troubled by a lawsuit in the U.S. in which the claimant is seeking more than USD7.5 billion in compensation. Healthcare stocks gained at the Hong Kong and mainland bourses. In the A-share market, computing, software, and digital currency concept stocks gained, following China’s central bank’s pledge to promote the development of the digital renminbi. Weak verbal intervention in the Japanese yen USDJPY traded to a fresh record high of 147.67 overnight, and stayed above the 147 handle despite a reversal in US dollar strength later in the session. Only some weak comments were noted from Japanese authorities, with FinMin Suzuki saying that FX volatility was discussed at the G20 meeting. There was also some speculation of more Japanese intervention after some sudden price movements in the Yen yesterday as USDJPY hit a high of 147.47 before knee-jerking lower to 146.52, albeit if it was intervention it wasn't successful with USDJPY back above 147.00. That is perhaps a reason why Japanese MoF official has stayed away from confirming or denying Thursday’s intervention. BOJ Governor Kuroda kept easing bias saying not appropriate to raise rates in Japan now, and with US yields still seeing some more room on the upside, there could be more room for yen weakness. Our technical analyst highlights that if USDJPY breaks 147.65 resistance, 149.34 level is not unlikely. Crude oil (CLX2 & LCOZ2) followed the USD price action While there were enough drivers for the oil prices overnight, price action in crude oil generally followed the USD trend which initially rose after the hot US CPI report cementing expectations for another 75bps rate hike at the November meeting and a small chance of a 100bps rate hike, but it fell later as risk sentiment revived. The IEA's monthly oil market report saw its Q4 demand view lowered by 300k BPD, while its 2023 demand outlook was cut by 470k BPD (both are still expected to show growth). But supply concerns also remained with the weekly US inventory reporting tight market in distillates following a decline of 4.9mln barrels in domestic supply. Crude stocks build was significantly above expectations (9.88mln vs an expected 1.75mln), while stocks at Cushing drew down by 309k; and gasoline posted a surprise build (2.023mln vs an expected -1.825mln). US-Saudi tensions also continue to slide downhill as the White House accused Saudi Arabia of coercing other OPEC+ members into agreeing to a huge output cut, and said it had asked the kingdom for a pause.   What to consider? Hot US CPI pushing Fed tightening expectations higher – can Fed members continue to out-hawk the markets? Core US inflation jumped to a 40-year high of 6.6% y/y in September, making more jumbo Fed rate increases inevitable. Headline CPI also came in higher than expectations, at 8.2% y/y with shelter, food and medical care contributing to the biggest gains. Fed funds rate expectations have pushed higher, with a full 75bps rate hike priced in for November with increasing expectations of a 75bps rate hike in December as well. March 2023 terminal rate expectation pushed higher by about 30bps to 4.94% now. This is above the 4.6% depicted by the Fed’s dot plot, and may leave little room for the Fed members to continue to out-hawk the markets. Fed speakers George, Cook and particularly Waller will be on the wires today. Reports of another potential UK fiscal U-turn There’s no ending the drama in the UK markets, with reports of another potential U-turn in the fiscal plans of Liz Truss government. Now, there are talks that the government is mulling hiking corporation tax despite initial plans to scrap the corporation tax hike and keep it unchanged. Such reports, along with the BOE’s increased bond-buying thus week, could help put a floor on UK assets next week as the central bank halts its bond purchases today. Still, the credibility of UK authorities remains in question, and that would mean it remains hard to include Gilts in asset allocation. Treasury Secretary Yellen warned about the risk of a loss of liquidity in the U.S. treasury market U.S. Treasury Secretary Janet Yellen voiced concerns about a potential breakdown in treasuries trading when answering questions yesterday and said that the Treasury is “worried about a loss of adequate liquidity in the market”. The concern about the potential risk of a sudden loss of liquidity or even a breakdown of trading in the U.S. treasury market has recently risen among some traders as the treasury market loses the largest buyer, the Fed in quantitative tightening. After rounds of QE and large fiscal deficits, the outstanding amount of treasuries has grown to USD23.7 trillion. The daily turnover in treasuries was USD627 billion a day in September.  The turmoil across the pond in the U.K. gilts markets has also added to the worries among traders and probably policy makers in the U.S. U.S. Bank earnings, potential CET1 capital shortfalls to watch Several leading U.S. banks, including JPMorganChase (JPM:xnys), Morgan Stanley (MS:xnys), Citigroup (C:xnys), Wells Fargo (WFC:xnys), US Bancorp (USB:xnys), PNC Financial (PNC:xnys), First Republic Bank (FRC:xnyc) are reporting on Friday. The market focus will be on JPMorganChase, Morgan Stanley, and Citigroup. The key things to watch for are these banks’ net interest margins and their updates on the quality of their loan books, as well as the impact of mark-to-market losses incurred to their available-for-sale investment portfolio, which are largely treasuries and agency mortgage-backed securities, on their common equity tier-1 (CET1).  Some of the banks may be hit by falling bond prices and are facing CET1 capital shortfalls. Taiwan’s TSMC, South Korea’s SK Hynix, and Samsung Electronics secured U.S. approval for getting U.S. equipment for 1 year Taiwan Semiconductor Manufacturing Co said the company had secured a 1-year license from the U.S. government to continue to get U.S. chip-making equipment for its expansion in manufacturing capacity in China for the next 12 months.  Likewise, South Korean chip maker, SK Hynix said it had gotten a 1-year waiver from the U.S. government to import American equipment to its factories in China.  Reportedly, Samsung Electronics got a similar waiver.  On the other hand, China’s top semiconductor equipment maker Naura Technology was said to have told the company’s American engineers to stop working on research and development projects with immediate effect. The Chinese Communist Party convenes its 20th National Congress on Oct 16 General Secretary Xi Jinping will make a speech and presents the Work Report of the 19th Central Committee to the 20th National Congress of the Chinese Communist Party (CCP) on Oct 16. From Oct 16 to 22, around 2,300 delegates from all over the country will elect 205 full members and 171 alternate members of the 20th Central Committee and select the members for the 20th Central Commission for Discipline Inspection. On Oct 22, the 20th National Congress will vote to approve the Work Report of the 19th Central Committee and approve an amendment to the charter of the CCP. The 20th National Congress ends on Oct 22 and the newly elected 20th Central Committee will hold its 1st plenary session on Oct 23 and decide on the most important 25-member Politburo and its 7-member Standing Committee, as well as members of the Central Military Commission and Central Secretariat.  Nomination of Premier and Vice-premiers of the State Council are matters to be decided not this time but later in the 2nd plenary session which may be held in February 2023 and that nomination will need to be approved by the National People’s Congress in March 2023. ECB QT likely to begin in Q2 2023, lower ECB terminal rate ECB discussed possible timeline for balance sheet reduction at Cyprus meeting earlier this month. Consensus appeared to emerge for quantitative tightening to start sometime in Q2 2023. Reports suggested that the ECB could already tweak its language on reinvestments at its October meeting and then could provide a detailed plan possibly in December but more likely in February. Meanwhile, Reuters reported that an ECB staff model puts the terminal rate in Europe at 2.25%, beneath the 3% that markets are currently pricing in; however, the response from ECB policymakers was mixed, with some fearing the model contains errors. China’s CPI is expected to rise to 2.9% in September China is releasing CPI and PPI data on Friday. The median forecast in the Bloomberg survey is expecting the CPI to rise to 2.9% Y/Y in September from 2.5% Y/Y in August.  The rise is likely attributed to higher food prices, including pork prices during the month.  PPI is expected to fall to 1.0% Y/Y in September from 2.3% in August, helped by a high base last year.  China’s export growth is expected to decelerate in September The median forecast in Bloomberg’s survey of economists calls for a sharp deceleration of China’s export growth in USD terms to +4.0% Y/Y in September from +7.1% in August, citing tightened pandemic control measures and a high base of last year. China’s LNG imports are set to decline this winter Bloomberg analysts estimate that China’s LNG import in November and December will be 12.7 million metric tons, a decline of 17% from last year, citing Chinese LNG users canceling LNG import terminal access slots. Singapore avoids a technical recession, MAS re-centres currency band Solid Q3 GDP growth of 4.4% y/y in Singapore according to advance estimates, crushing estimates as construction and services industries outperformed. This reaffirmed that Singapore not only avoided a technical recession, but is on a solid recovery track after the pandemic restrictions were removed. Q/Q growth turned positive to come in strongly at 1.5% from -0.2% previously. This has given further room to the Monetary Authority of Singapore (MAS) to tighten the policy, and it announced re-centring of its currency policy band to the prevailing level. No changes to the width or slope of the band were announced, meaning the boost to the SGD could remain temporary as potentially more USD gains remain likely for now. What is the thinking about what will happen to interest rates in Australia? In Australia the futures market are now pricing in interest rates will peak at 3.9% next year. We have seen the RBA express ‘peak hawkishness’, is behind it. But the market is still pricing in rate rises will continue, but at a steady pace. This means growth sectors remain pressured and value strengthens. Consider; amid the energy crisis, there are the most rising-free cash flows in energy markets, which offer value and support share price growth. This is worth perhaps reflecting on, especially given coal prices hit fresh highs and we are not at peak coal demand season (December-January) yet. Also consider oil prices have moved off their lows. As such energy prices look supported higher for longer despite A. Most traded instruments at Saxo Australia this week The most traded stocks this week at Saxo in Australia are Tesla, Apple, Whitehaven Coal (hit new high), Coles, and Bank of Queensland results. What’s the takeaway here? We need to reflect on the trends. Trends are your friends when it comes to making profits in markets. In the banking sector; we heard from Bank of Queensland who is forecasting house prices to drop and loan growth to slow. Coal prices are moving up and continues to be supported. And in when it comes to the most transacted upon futures, in commodities; we've seen a pick-up in buying of Crude oil Futures; with the OPEC and EIA still predicting demand will outpace supply in 2023, meaning we could expect higher oil prices into next year.   For a week-ahead look at markets – tune into our Saxo Spotlight. For a global look at markets – tune into our Podcast.     Source: https://www.home.saxo/content/articles/equities/market-insights-today-14-oct-v2-14102022
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

The New York Stock Exchange: JPMorgan Chase & Co Was A Leader Among The Dow Jones Index Components

InstaForex Analysis InstaForex Analysis 17.10.2022 08:19
At the close on the New York Stock Exchange, the Dow Jones fell 1.34%, the S&P 500 index fell 2.37%, and the NASDAQ Composite index fell 3.08%. The leading performer among the Dow Jones index components today was JPMorgan Chase & Co, which gained 1.82 points or 1.66% to close at 111.19. UnitedHealth Group Incorporated rose 3.22 points or 0.63% to close at 513.13. Boeing Co rose 0.75 points or 0.57% to close at 133.15. The losers were shares of American Express Company, which lost 4.74 points or 3.35% to end the session at 136.81. Apple Inc was up 3.21% or 4.59 points to close at 138.40, while Chevron Corp was down 3.11% or 5.14 points to close at 160.14. . The leaders of growth among the components of the S&P 500 index following the results of today's trading were shares of U.S. Bancorp, which rose 3.36% to 42.76, Delta Air Lines Inc, which gained 2.30% to close at 31.08, and Wells Fargo & Company, which rose 1.86%, ending the session at 43.17. The losers were First Republic Bank, which shed 16.45% to close at 112.57. Shares of The Mosaic Company shed 9.88% to end the session at 46.86. Quotes of CF Industries Holdings Inc decreased in price by 8.40% to 98.04. Leading gainers among the components of the NASDAQ Composite in today's trading were Agrify Corp, which rose 53.75% to hit 1.45, Fednat Holding Co, which gained 48.02% to close at 0.52, and shares of Imara Inc, which rose 46.90% to end the session at 3.79. The drop leaders were shares of TOP Financial Group Ltd, which fell in price by 73.47%, closing at 5.49. Shares of Alfi Inc lost 69.90% and ended the session at 0.25. Quotes of Novo Integrated Sciences Inc decreased in price by 61.94% to 0.29. On the New York Stock Exchange, the number of depreciated securities (2506) exceeded the number of closed in positive territory (579), and quotes of 85 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,720 stocks fell, 1,005 rose, and 229 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.25% to 32.02. Gold futures for December delivery shed 1.67%, or 28.05, to hit $1.00 a troy ounce. In other commodities, WTI crude for November delivery fell 3.75%, or 3.34, to $85.77 a barrel. Futures for Brent crude for December delivery fell 2.93%, or 2.77, to $91.80 a barrel. Meanwhile, in the Forex market, EUR/USD was down 0.51% to hit 0.97, while USD/JPY was up 1.00% to hit 148.68. Futures on the USD index rose 0.82% to 113.18.     Relevance up to 05:00 2022-10-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results.   Read more: https://www.instaforex.eu/forex_analysis/296988
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

On The New York Stock Exchange, The Price Of Over 2,000 Securities Has Risen

InstaForex Analysis InstaForex Analysis 19.10.2022 08:19
At the close of the New York Stock Exchange, the Dow Jones was up 1.12%, the S&P 500 was up 1.14% and the NASDAQ Composite was up 0.90%. Salesforce Inc was the top performer among the components of the Dow Jones index today, up 6.35 points or 4.31% to close at 153.53. Quotes of American Express Company rose by 4.45 points (3.14%), closing the session at 145.99. JPMorgan Chase & Co (NYSE:JPM) rose 2.98 points or 2.57% to close at 118.84. The losers were shares of Intel Corporation, which lost 0.55 points or 2.08% to end the session at 25.87. Johnson & Johnson was up 0.58 points (0.35%) to close at 166.01, while Nike Inc was down 0.29 points (0.32%) to end at 89. 68. Leading gainers among the S&P 500 index components in today's trading were Carnival Corporation, which rose 11.28% to 8.09, Lockheed Martin Corporation, which gained 8.69% to close at 431.84, and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), which rose 8.57% to close at 14.31. The biggest losers were Moderna Inc, which shed 3.71% to close at 134.09. Shares of Hasbro Inc lost 2.88% to end the session at 65.76. Quotes of DexCom Inc decreased in price by 2.81% to 96.93. Leading gainers among the components of the NASDAQ Composite in today's trading were COMSovereign Holding Corp, which rose 170.14% to hit 0.12, Akouos Inc, which gained 88.16% to close at 13.19, and shares of Helbiz Inc, which rose by 58.07%, ending the session at around 0.42. The biggest losers were Agrify Corp, which shed 58.60% to close at 4.43. Shares of Cosmos Holdings Inc lost 47.33% and ended the session at 0.08. Quotes of Salarius Pharmaceuticals Inc decreased in price by 45.18% to 2.74. On the New York Stock Exchange, the number of securities that rose in price (2293) exceeded the number of those that closed in the red (825), while quotes of 115 shares remained virtually unchanged. On the NASDAQ stock exchange, 2441 companies rose in price, 1295 fell, and 277 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.77% to 30.50. Gold futures for December delivery lost 0.43%, or 7.10, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 2.33%, or 1.97, to $82.56 a barrel. Futures for Brent crude for December delivery fell 1.43%, or 1.31, to $90.31 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.20% to 0.99, while USD/JPY edged up 0.12% to hit 149.21. Futures on the USD index fell 0.02% to 111.88.   Relevance up to 03:00 2022-10-20 UTC+00 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/297377
Rising Tensions in Japan Amid Currency Market Concerns and BOJ Insights

Netflix Inc Was Leading Gainer While JP Morgan Chase & Co Was Down

InstaForex Analysis InstaForex Analysis 20.10.2022 08:16
At the close of the New York Stock Exchange, the Dow Jones fell 0.33%, the S&P 500 fell 0.67% and the NASDAQ Composite fell 0.85%. The components of the Dow Jones index The leading gainers among the components of the Dow Jones index today were The Travelers Companies Inc, which gained 7.40 points or 4.44% to close at 174.17. Chevron Corp rose 5.28 points or 3.24% to close at 168.00. Procter & Gamble Company rose 0.93% or 1.19 points to close at 129.56. The biggest losers were Home Depot Inc, which shed 9.57 points or 3.36% to end the session at 275.49. Dow Inc was up 2.70% or 1.25 points to close at 45.13, while JPMorgan Chase & Co was down 1.96% or 2.33 points to close at 116. .51. The S&P 500 index components Leading gainers among the S&P 500 index components in today's trading were Netflix Inc, which rose 13.09% to 272.38, Intuitive Surgical Inc, which gained 8.99% to close at 211.14, and shares of Valero Energy Corporation, which rose 5.32% to close the session at 123.96. The biggest losers were Generac Holdings Inc, which shed 25.34% to close at 110.30. Shares of M&T Bank Corp lost 13.89% and ended the session at 163.06. Quotes Northern Trust Corporation fell in price by 9.15% to 79.59. The components of the NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were Mullen Automotive Inc, which rose 57.12% to hit 0.34, Scopus Biopharma Inc, which gained 51.59% to close at 0.37, and also shares of SenesTech Inc, which rose 46.55% to close the session at 0.34. The biggest losers were Olaplex Holdings Inc, which shed 56.69% to close at 4.24. Shares of Agrify Corp lost 42.44% to end the session at 2.55. Quotes of Sientra Inc decreased in price by 37.36% to 0.38.  The number of securities that fell and rise On the New York Stock Exchange, the number of securities that fell in price (2363) exceeded the number of those that closed in positive territory (777), while quotes of 105 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,715 stocks fell, 1,085 rose, and 216 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.89% to 30.77. Commodities Gold futures for December delivery lost 1.31%, or 21.65, to hit $1.00 a troy ounce. In other commodities, WTI crude futures for December delivery rose 3.23%, or 2.65, to $84.72 a barrel. Futures for Brent crude for December delivery rose 2.53%, or 2.28, to $92.31 a barrel. FX Market Meanwhile, in the Forex market, EUR/USD fell 0.79% to hit 0.98, while USD/JPY edged up 0.43% to hit 149.90. Futures on the USD index rose 0.73% to 112.81.   Relevance up to 05:00 2022-10-21 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/297535
At The Close On The New York Stock Exchange Indices Closed Mixed

The NASDAQ Composite Was Down 0.61% And The Biggest Losers Were Talaris Therapeutics Inc

InstaForex Analysis InstaForex Analysis 21.10.2022 08:14
At the close of the New York Stock Exchange, the Dow Jones was down 0.30%, the S&P 500 was down 0.80% and the NASDAQ Composite was down 0.61%.  The Dow Jones index The leading gainer among the components of the Dow Jones index today was International Business Machines, which gained 5.79 points (4.73%) to close at 128.30. Salesforce Inc rose 3.83 points or 2.49% to close at 157.50. Verizon Communications Inc rose 0.43 points or 1.18% to close at 37.00. The biggest losers were Home Depot Inc, which shed 6.03 points or 2.19% to end the session at 269.46. Caterpillar Inc was up 2.10% or 3.87 points to close at 180.54 while Nike Inc was down 1.96% or 1.74 points to end at 86.83. .  The S&P 500 results Leading gainers among the S&P 500 components in today's trading were Lam Research Corp, which rose 7.81% to 355.87, AT&T Inc, which gained 7.72% to close at 16.74, and shares of Quest Diagnostics Incorporated, which rose 6.32% to close the session at 134.66. The biggest losers were Allstate Corp, which shed 12.90% to close at 117.71. Shares of Union Pacific Corporation shed 6.80% to end the session at 186.45. Quotes of Tesla Inc decreased in price by 6.65% to 207.28. The components of the NASDAQ Composite  Leading gainers among the components of the NASDAQ Composite in today's trading were Nextplay Technologies Inc, which rose 107.31% to hit 0.41, Cabaletta Bio Inc, which gained 50.77% to close at 1.96, and also shares of Save Foods Inc, which rose 31.33% to end the session at 1.97. The biggest losers were Talaris Therapeutics Inc, which shed 43.39% to close at 1.37. Shares of LMF Acquisition Opportunities Inc shed 34.55% to end the session at 6.82. Quotes of Gaucho Group Holdings Inc decreased in price by 30.40% to 0.21. How many fall and rise On the New York Stock Exchange, the number of securities that fell in price (2067) exceeded the number of those that closed in positive territory (1018), while quotes of 114 shares remained virtually unchanged. On the NASDAQ stock exchange, 2037 stocks fell, 1694 rose, and 240 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.54% to 29.98. Commodities Gold futures for December delivery lost 0.17%, or 2.85, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery rose 0.50%, or 0.42, to $84.94 a barrel. Futures for Brent crude for December delivery rose 0.25%, or 0.23, to $92.64 a barrel. EUR/USD Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.12% to 0.98, while USD/JPY rallied 0.19% to hit 150.18. Futures on the USD index fell 0.07% to 112.81.   Relevance up to 05:00 2022-10-22 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/297723
Unlocking the Future: Key UK Wage Data and September BoE Rate Hike Prospects

The Positive Close On The New York Stock Exchange, The Dow Jones Hit A Monthly High

InstaForex Analysis InstaForex Analysis 24.10.2022 08:00
At the close on the New York Stock Exchange, the Dow Jones rose 2.47% to hit a monthly high, the S&P 500 rose 2.37% and the NASDAQ Composite rose 2.31%. Dow Jones index  Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 10.88 points or 6.07% to close at 190.22. JPMorgan Chase & Co rose 6.10 points or 5.25% to close at 122.23. Goldman Sachs Group Inc rose 14.29 points or 4.60% to close at 325.10. The losers were shares of Verizon Communications Inc, which shed 1.65 points or 4.46% to end the session at 35.35. American Express Company rose 1.67% or 2.38 points to close at 140.04, while Procter & Gamble Company rose 1.25% or 1.59 points to close at 128.58. S&P 500 Leading gainers among the components of the S&P 500 in today's trading were Schlumberger NV, which rose 10.33% to 50.41, Freeport-McMoran Copper & Gold Inc, which gained 9.99% to close at 32. 03, as well as Huntington Bancshares Incorporated, which rose 9.47% to end the session at 14.45. The drop leaders were SVB Financial Group shares, which lost 23.95% to close at 230.03. Shares of Robert Half International Inc lost 8.55% and ended the session at 73.01. Quotes of HCA Holdings Inc decreased in price by 5.69% to 196.74. NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were Huadi International Group Co Ltd, which rose 89.27% to hit 58.92, Altamira Therapeutics Ltd, which gained 58.64% to close at 0.52 , as well as shares of Missfresh Ltd ADR, which rose by 57.50%, ending the session at around 2.52. The drop leaders were shares of Immunic Inc, which fell 77.39% to close at 2.08. Shares of Nextplay Technologies Inc lost 33.23% and ended the session at 0.28. Quotes of Kalera PLC decreased in price by 35.61% to 0.28. The number  On the New York Stock Exchange, the number of securities that rose in price (2282) exceeded the number of those that closed in the red (835), while quotes of 104 shares remained virtually unchanged. On the NASDAQ stock exchange, 2503 companies rose in price, 1265 fell, and 238 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.97% to 29.69. Gold Gold futures for December delivery added 1.40%, or 22.95, to $1.00 a troy ounce. In other commodities, WTI crude for December delivery rose 0.73%, or 0.62, to $85.13 a barrel. Futures for Brent crude for December delivery rose 1.24%, or 1.15, to $93.53 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.80% to hit 0.99, while USD/JPY shed 1.75% to hit 147.51. Futures on the USD index fell 0.90% to 111.80.     Relevance up to 04:00 2022-10-25 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/297940
At The Close On The New York Stock Exchange Indices Closed Mixed

On The NASDAQ Stock Exchange, 1925 Companies Rose

InstaForex Analysis InstaForex Analysis 25.10.2022 08:08
At the close of the New York Stock Exchange, the Dow Jones rose 1.34% to a one-month high, the S&P 500 was up 1.19% and the NASDAQ Composite was up 0.86%. The Dow Jones index Amgen Inc was the top performer among the components of the Dow Jones index today, up 9.38 points or 3.72% to close at 261.32. Quotes Coca-Cola Co rose by 1.61 points (2.88%), ending trading at 57.57. Home Depot Inc rose 7.73 points or 2.81% to close at 283.26. The least gainers were Nike Inc, which lost 0.49 points or 0.55% to end the session at 88.01. The Walt Disney Company (NYSE:DIS) was up 0.32 points or 0.31% to close at 101.72, while Chevron Corp was down 0.06 points or 0.03% to end the trading at 173.13. The S&P 500 index  Leading gainers among the S&P 500 index components in today's trading were HCA Holdings Inc, which rose 7.02% to hit 210.47, Tractor Supply Company, which gained 5.30% to close at 207.83, and also shares of Regions Financial Corporation, which rose 5.28% to close the session at 20.55. The least gainers were Las Vegas Sands Corp, which shed 10.29% to close at 35.05. Shares of Starbucks Corporation shed 5.47% to end the session at 83.76. Quotes of Wynn Resorts Limited decreased in price by 3.86% to 56.53. The NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were Applied Genetic, which rose 62.43% to hit 0.39, Vaxcyte Inc (NASDAQ:PCVX), which gained 60.35% to close at 33. 00, as well as shares of Mullen Automotive Inc, which rose 32.94% to close the session at 0.50. The least gainers were Tricida Inc, which shed 94.48% to close at 0.60. Shares of Alfi Inc lost 54.32% and ended the session at 0.11. Quotes of Huadi International Group Co Ltd decreased in price by 43.99% to 33.00. The numbers On the New York Stock Exchange, the number of securities that rose in price (1,751) exceeded the number of those that closed in the red (1,344), while quotes of 124 shares remained virtually unchanged. On the NASDAQ stock exchange, 1925 companies rose in price, 1828 fell, and 253 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.54% to 29.85. Gold Gold futures for December delivery lost 0.15%, or 2.55, to hit $1.00 a troy ounce. In other commodities, WTI crude futures for December delivery fell 0.26%, or 0.22, to $84.83 a barrel. Futures for Brent crude for January delivery rose 0.13%, or 0.12, to $91.46 a barrel. FX Market Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.14% to 0.99, while USD/JPY edged up 0.98% to hit 149.09. Futures on the USD index fell 0.04% to 111.93.     Relevance up to 05:00 2022-10-26 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/298126
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

The Major Indices On The New York Stock Exchange Rose

InstaForex Analysis InstaForex Analysis 26.10.2022 08:02
At the close of the New York Stock Exchange, the Dow Jones rose 1.07% to hit a monthly high, the S&P 500 rose 1.63% and the NASDAQ Composite rose 2.25%. The Dow Jones index  The top performer among the components of the Dow Jones index today was Nike Inc, which gained 3.71 points (4.22%) to close at 91.72. Quotes of American Express Company rose by 5.39 points (3.81%), closing the session at 147.02. Boeing Co rose 4.60 points or 3.24% to close at 146.65. The biggest losers were The Travelers Companies Inc, which shed 3.70 points or 2.06% to end the session at 176.09. Amgen Inc was up 1.33 points (0.51%) to close at 259.99, while UnitedHealth Group Incorporated was down 1.38 points (0.25%) to close at 540. 22. The Dow Jones index  Leading gainers among the S&P 500 index components in today's trading were Centene Corp, which rose 10.47% to 83.75, IQVIA Holdings Inc, which gained 10.17% to close at 197.83, and shares of Charles River Laboratories, which rose 9.10% to end the session at 219.12. The losers were Brown & Brown Inc, which shed 12.65% to close at 55.10. Shares of Cadence Design Systems Inc shed 5.55% to end the session at 151.32. Quotes W. R. Berkley Corp fell in price by 4.64% to 69.20.  The NASDAQ Composite Leading gainers among the components of the NASDAQ Composite in today's trading were Taysha Gene Therapies Inc, which rose 97.35% to hit 2.98, Fangdd Network Group Ltd, which gained 89.64% to close at 1.26. , as well as shares of Revelation Biosciences Inc, which rose 64.60% to close the session at 0.41. The biggest losers were Hoth Therapeutics Inc, which shed 26.37% to close at 0.24. Shares of Mana Capital Acquisition Corp lost 23.24% to end the session at 5.99. Quotes TuanChe ADR fell in price by 18.45% to 6.32. The numbers On the New York Stock Exchange, the number of securities that rose in price (2619) exceeded the number of those that closed in the red (487), while quotations of 112 shares remained practically unchanged. On the NASDAQ stock exchange, 2989 companies rose in price, 753 fell, and 241 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 4.66% to 28.46, hitting a new monthly low. Gold Gold futures for December delivery added 0.21%, or 3.55, to $1.00 a troy ounce. In other commodities, WTI crude futures for December delivery rose 0.39%, or 0.33, to $84.91 a barrel. Brent futures for January delivery fell 0.05%, or 0.05, to $91.16 a barrel. Forex Market Meanwhile, in the Forex market, EUR/USD rose 0.94% to hit 1.00, while USD/JPY fell 0.71% to hit 147.90. Futures on the USD index fell 1.03% to 110.75.   Relevance up to 04:00 2022-10-27 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/298317
The Current War Between China And The United States Over Semiconductor Chips Is Gaining Momentum

Google and Microsoft Fell, Expectations For Meta Are Low | The Bank Of Canada Will Deliver A Jumbo Rate Hike

Swissquote Bank Swissquote Bank 26.10.2022 11:11
US indices rallied yesterday on the back of soft economic data from the US, but the sentiment reversed after the Q3 results from Google and Microsoft didn't please. Both stocks fell in the afterhours trading. Rest of the earnings were mixed. Meta is the next US giant to announce earnings, and expectations are rather… low. US Yields The US 2-year yield has been easing after hitting a fresh 15-year high last week, as the US 10-year yield fell to 4.05%. The dollar index tanked around 1%, both the EURUSD and Cable advanced past their 50-DMA, which were acting as strong resistance since the start of the year, especially since the start of the war in Ukraine. Bank of Canada The USDCAD fell to a 3-week low, as the Bank of Canada (BoC) prepares to deliver another jumbo rate hike today. The BoC could deliver a 75bp hike, which would further fuel the odds of recession in Canada by next year. FX Market It’s important to note that the common denominator of the latest FX moves is the softer US dollar. And the downside moves in dollar and the US yields depend on Fed expectations – whatever the other central banks do seem accessory to the main dollar story. Fed The Fed expectations have been shaped by softish data, and some softish comments from the Fed officials recently. But there is nothing official pointing at a potential softening tone from the Fed just yet. Hence, the recent fall in the US dollar, and rebound in equities may not last. Gains remain vulnerable. And very much so, as the latest results from the US tech giants failed to make the investors smile yesterday. Watch the full episode to find out more! 0:00 Intro 0:35 Soft US data fueled optimism… 3:15 … but Big Tech earnings hurt. GOOG & MSFT fell 6.5% post-market 5:01 Other companies announced mixed results 6:30…as UPS surprised 7:00 Some come back to stocks, but stock/ bond correlation remains high 7:52 Meta earnings preview: expect nothing crazy… Ipek Ozkardeskaya Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Meta #Google #Microsoft #UPS #Spotify #GM #Visa #UBS #CocaCola #earnings #USD #EUR #GBP #CAD #BoC #rate #decision #US #home #prices #Fed #expectations #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary ___ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr ___ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 ___ Let's stay connected: LinkedIn: https://swq.ch/cH  
RBI's Strategic INR Support: Factors Behind India's Stable Currency Amidst Global Challenges

At The Close Of The New York Stock Exchange Only The Dow Jones Rose

InstaForex Analysis InstaForex Analysis 28.10.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 0.61% to hit a monthly high, the S&P 500 fell 0.61% and the NASDAQ Composite fell 1.63%. The Dow Jones index Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 15.18 points or 7.71% to close at 212.14. Boeing Co rose 5.97 points or 4.46% to close at 139.76. McDonald's Corporation rose 8.50 points or 3.31% to close at 265.11. The losers were shares of Intel Corporation, which lost 0.94 points or 3.45% to end the session at 26.27. Apple Inc was up 3.05% or 4.55 points to close at 144.80 while Nike Inc was down 2.00% or 1.85 points to close at 90.54. .  The S&P 500  Among the S&P 500 components gaining today were ServiceNow Inc, which rose 13.44% to hit 415.67, Arista Networks, which gained 9.31% to close at 119.12, and Caterpillar Inc, which rose 7.71% to end the session at 212.14. The least gainer was Meta Platforms Inc, which shed 24.56% to close at 97.94. Shares of Align Technology Inc lost 18.10% to end the session at 181.53. West Pharmaceutical Services Inc lost 13.04% to 221.22. The NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were AgroFresh Solutions Inc, which rose 71.34% to hit 2.69, HeartCore Enterprises Inc, which gained 55.67% to close at 1.51, and also shares of Altra Holdings Inc, which rose 48.37% to end the session at 59.72. The least gainers were Core Scientific Inc, which shed 78.13% to close at 0.22. Shares of Kalera PLC lost 65.43% and ended the session at 0.07. Quotes of Transcode Therapeutics Inc decreased in price by 37.39% to 0.72. The numbers On the New York Stock Exchange, the number of securities that rose in price (1,719) exceeded the number of those that closed in the red (1,357), while quotes of 128 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,941 stocks fell, 1,821 rose, and 212 remained at their previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.40% to 27.39. Gold Gold futures for December delivery lost 0.21%, or 3.50, to hit $1.00 a troy ounce. In other commodities, WTI crude futures for December delivery rose 0.73%, or 0.64, to $88.55 a barrel. Futures for Brent crude for January delivery rose 0.82%, or 0.77, to $94.56 a barrel. FX Market Meanwhile, in the Forex market, EUR/USD fell 1.14% to hit 1.00, while USD/JPY shed 0.10% to hit 146.21. Futures on the USD index rose 0.83% to 110.46.     Relevance up to 05:00 2022-10-29 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/298704
Positive Start Expected as Nvidia's Strong Performance Boosts Market Confidence

Dow Jones Saw The Biggest Profits And The German DAX Index Rebound From Declines

Conotoxia Comments Conotoxia Comments 31.10.2022 12:13
October 2022 seems to have brought respite to many asset classes. During this time, the stock, bond or cryptocurrency markets tried to pick up, while the US dollar seemed to lose value at the same time, along with the falling VIX "fear index" contract. Performance of key indices and companies In October,one of the popular futures contracts, the contract for the U.S. Dow Jones Industrial Average index saw the biggest gains. It rose by almost 13 percent during this period. Although the month is not yet over, for the moment, only Verizon ranks in the entire index since the beginning of October with a negative result. On a monthly basis, the decline is 0.92 percent. In contrast, the biggest increase in the index was achieved by Caterpillar (up more than 30 percent). The company reported that sales and revenues in the third quarter of 2022 recorded an annual increase of 21 percent, reaching $15 billion. The company's profit was $2.04 billion, an increase of 43.13 percent compared to the same quarter of the previous year, BBN reported. Operating profit rose 45.73 percent year-on-year to $2.42 billion. Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel engines, industrial gas turbines and diesel-electric locomotives. Source: Conotoxia MT5, Caterpillar, Monthly DAX also with growth in October The second popular instrument, which seemed to rebound from earlier declines, was the contract for the German DAX index. Although emerging macroeconomic forecasts for the German economy appear to be worsening, and the European Central Bank raised interest rates, the DAX rose nearly 10 percent. The company that may have gained the most was Deutsche Bank, as the month's performance was up more than 30 percent by now. The German bank reported its best results since 2016 in October. Net income for the third quarter of 2022 was €6.9 billion, up 15 percent year-on-year and the highest third-quarter income since 2016. The dollar exchange rate fell nearly 1 percent. Market hopes that the U.S. Fed will slow down interest rate hikes at the end of the year and in the first quarter of 2023 may have led the U.S. dollar to fall in October. At the moment, the USD index is trading 0.9 percent lower than at the beginning of the month at 111 points. The EUR/USD exchange rate is near parity at 1.0000, all likely in anticipation of the Fed's November 2 interest rate decision. The market seems to be expecting a 75bp hike to 3.75-4.00 percent, while the end of the hike cycle could be priced in at 4.75-5.00 percent in early 2023. October's biggest declines? It seems that among the popular contracts, the biggest drop in October may be the VIX, which fell 15 percent to 26.86 points this morning. Looking at the chart of the contract showing expected volatility on the S&P500 index, someone could  see that this month's trading may have turned around at a potential resistance level. Source: Conotoxia MT5, VIX, Weekly Will volatility continue at lower levels in November? Here, a lot may depend on the US central bank and events in Eastern Europe. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Conotoxia investment service) Read more reviews and open a demo account at invest.conotoxia.com Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,21% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

On The New York Stock Exchange Much More Securities Fell Than Rose

InstaForex Analysis InstaForex Analysis 01.11.2022 08:09
At the close in the New York Stock Exchange, the Dow Jones fell 0.39%, the S&P 500 fell 0.75% and the NASDAQ Composite fell 1.03%. The Dow Jones The leading gainers among the components of the Dow Jones index today were The Travelers Companies Inc, which gained 2.59 points (1.42%) to close at 184.55. Quotes of Goldman Sachs Group Inc rose by 3.03 points (0.89%), ending trading at 344.85. UnitedHealth Group Incorporated rose 4.11 points or 0.75% to close at 555.35. The losers were shares of Intel Corporation, which lost 0.64 points or 2.20% to end the session at 28.43. Microsoft Corporation was up 1.59% or 3.74 points to close at 232.13, while Dow Inc was down 1.58% or 0.75 points to close at 46.73 . The S&P 500  Leading gainers among the S&P 500 index components in today's trading were Wynn Resorts Limited, which rose 9.61% to hit 63.90, Coterra Energy Inc, which gained 3.49% to close at 31.15, and also shares of DaVita HealthCare Partners Inc, which rose 3.47% to end the session at 72.99. The biggest losers were Global Payments Inc, which shed 8.83% to close at 114.25. Shares of Newell Brands Inc shed 8.24% to end the session at 13.81. Quotes of Meta Platforms Inc decreased in price by 6.09% to 93.16. The NASDAQ  The leading gainers among the components of the NASDAQ Composite in today's trading were Sonnet Biotherapeutics Holdings Inc, which rose 66.38% to 1.93, Acorda Therapeutics Inc, which gained 63.36% to close at 1.07. as well as shares of Shineco Inc, which rose 37.96% to close the session at 1.09. The biggest loser was Y mAbs Therapeutics, which shed 59.80% to close at 3.61. Shares of Tusimple Holdings Inc lost 45.64% to end the session at 3.43. Quotes Bull Horn Holdings Corp. decreased in price by 45.61% to 6.50. The numbers On the New York Stock Exchange, the number of securities that fell in price (1604) exceeded the number of those that closed in positive territory (1472), while quotes of 118 shares remained virtually unchanged. On the NASDAQ stock exchange, papers of 2004 companies fell, 1753 rose, and 165 remained at the level of the previous closing. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.50% to 25.88. Gold Gold futures for December delivery lost 0.53%, or 8.65, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 1.95%, or 1.71, to $86.19 a barrel. Futures for Brent crude for January delivery fell 1.32%, or 1.24, to $92.53 a barrel. Forex Meanwhile, in the Forex market, EUR/USD was down 0.80% to hit 0.99, while USD/JPY was up 0.87% to hit 148.74. Futures on the USD index rose 0.77% to 111.45.   Relevance up to 04:00 2022-11-02 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/299126
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

The Close On The New York Stock Exchange Was Red

InstaForex Analysis InstaForex Analysis 02.11.2022 08:17
At closing time on the New York Stock Exchange, the Dow Jones was down 0.24%, the S&P 500 was down 0.41% and the NASDAQ Composite was down 0.89%. Dow Jones The leaders among Dow Jones index components in today's trading were shares of JPMorgan Chase & Co. which gained 2.28p (1.81%) to close at 128.16. Nike Inc rose 1.09 pct (1.18%) to close at 93.77. Goldman Sachs Group Inc rose 3.94p (1.14%) to close at 348.45. The least gainers were shares of Apple Inc, which fell 2.69p (1.75%) to close the session at 150.65. Salesforce Inc shares rose 2.79p (1.72%) to close at 159.80, while Microsoft Corporation dropped 3.96p (1.71%) to close at 228.17 S&P 500 The top gainers among S&P 500 index components in today's trading were ABIOMED Inc which gained 49.88% to 377.82, IDEXX Laboratories Inc which gained 9.80% to close at 394.93, and Hologic Inc which gained 9.34% to end the session at 74.13. Catalent Inc shares were the fallers, down 24.62% to close at 49.55. Shares of Zebra Technologies Corporation lost 15.86% and ended the session at 238.30. Ecolab Inc dropped 8.98% to 142.96. NASDAQ  The gainers among the components of the NASDAQ Composite index in today's trading were shares of ABIOMED Inc. which gained 49.88% to 377.82, Sonnet Biotherapeutics Holdings Inc. which gained 46.63% to close at 2.83 and shares of NLS Pharmaceutics AG which gained 44.00% to close the session at 0.74. Varonis Systems shares were the fallers, dropping 35.49% to close at 17.27. Shares of China Liberal Education Holdings lost 27.39% to end the session at 1.14. Acorda Therapeutics Inc. was down 25.22% to 0.80. On the NYSE, 1,960 securities gained more than 1,172 which closed negative and 95 were flat. On NASDAQ, 2,101 stocks gained in value, 1,680 declined, and 194 remained flat. The CBOE Volatility Index, which is based on the S&P 500 options trade, fell 0.27% to 25.81. Gold Gold futures for December delivery added 0.55%, or 8.95, to $1.00 per troy ounce. In other commodities, December WTI crude oil futures rose 2.02%, or 1.75, to $88.28 a barrel. January Brent crude futures traded up 1.83%, or 1.70, to $94.51 per barrel. FX Market Meanwhile, on the Forex market, EUR/USD remained unchanged 0.08% to 0.99, while USD/JPY dropped 0.33% to 148.23. The USD index futures rose 0.02% to 111.44.     Relevance up to 04:00 2022-11-03 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/299302
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

On The New York Stock Exchange, Over 2000 Of Securities Rose In Price

InstaForex Analysis InstaForex Analysis 07.11.2022 08:14
At the close of the New York Stock Exchange, the Dow Jones rose 1.26%, the S&P 500 rose 1.36%, and the NASDAQ Composite rose 1.28%.  Dow Jones The leading performer among the components of the Dow Jones index today was Nike Inc, which gained 5.43 points (6.01%) to close at 95.83. Quotes Dow Inc rose by 2.52 points (5.41%), ending trading at 49.01. Caterpillar Inc rose 4.37% or 9.58 points to close at 228.84. The least gainers were Salesforce Inc, which shed 6.54 points or 4.47% to end the session at 139.79. UnitedHealth Group Incorporated rose 5.46 points (1.00%) to close at 538.15, while Apple Inc shed 0.27 points (0.19%) to end at 138. 38.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Freeport-McMoran Copper & Gold Inc, which rose 11.53% to 35.20, Estee Lauder Companies Inc, which gained 8.69% to close at 210.62, as well as Newmont Goldcorp Corp, which rose 8.55% to end the session at 41.02. The least gainers were Warner Bros Discovery Inc, which shed 12.87% to close at 10.43. Shares of Live Nation Entertainment Inc shed 7.25% to end the session at 70.88. ServiceNow Inc lost 6.12% to 361.95. NASDAQ Among the components of the NASDAQ Composite Index today, the leaders of growth were Huadi International Group Co Ltd, which rose 70.26% to 180.00, Sentage Holdings Inc, which gained 34.54% to close at 4.09 , as well as shares of Digimarc Corporation, which rose 29.35% to close the session at 18.95. The least gainers were Pulmonx Corp, which shed 60.94% to close at 4.82. Shares of Funko Inc lost 59.38% and ended the session at 7.92. Quotes of Sensus Healthcare Inc decreased in price by 51.23% to 6.34. The numbers On the New York Stock Exchange, the number of securities that rose in price (2275) exceeded the number of those that closed in the red (839), while quotes of 85 shares remained virtually unchanged. On the NASDAQ stock exchange, 2070 companies rose in price, 1658 fell, and 202 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.96% to 24.55, hitting a new monthly low. Gold Gold futures for December delivery added 3.30%, or 53.90, to $1.00 a troy ounce. In other commodities, WTI crude for December delivery rose 5.08%, or 4.48, to $92.65 a barrel. Futures for Brent crude for January delivery rose 4.24%, or 4.01, to $98.68 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 2.16% to hit 1.00, while USD/JPY shed 1.12% to hit 146.60. Futures on the USD index fell 1.91% to 110.65.     Relevance up to 04:00 2022-11-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/299846
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

The Dow Jones Hit A Monthly High, The S&P 500 Index Also Rose

InstaForex Analysis InstaForex Analysis 09.11.2022 08:00
At the close on the New York Stock Exchange, the Dow Jones rose 1.02% to hit a monthly high, the S&P 500 index grew 0.56%, the NASDAQ Composite index climbed 0.49%. Dow Jones Amgen Inc was the top performer among the components of the Dow Jones in today's trading, up 15.37 points or 5.55% to close at 292.39. Quotes Boeing Co jumped by 4.71 points (2.86%), closing at 169.62. American Express Company rose 2.19% or 3.22 points to close at 150.20. The worst performers were Walgreens Boots Alliance Inc, which shed 0.30 points or 0.78% to end the session at 38.29. The Walt Disney Company was up 0.53 points (0.53%) to close at 99.90, while Chevron Corp was down 0.27 points (0.15%) to close at 185. 34. S&P 500 The top performers in the S&P 500 index today were SolarEdge Technologies Inc, which surged 19.13% to 251.73, Expeditors International of Washington Inc, which gained 9.06% to close at 104.40, as well as Welltower Inc, which increased by 8.22% to end the session at 66.51. The least gainers were Take-Two Interactive Software Inc, which shed 13.68% to close at 93.57. Shares of Medtronic PLC lost 6.25% to end the session at 80.19. Quotes of International Flavors & Fragrances Inc decreased in price by 4.96% to 91.41. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Taskus Inc, which rose 37.22% to hit 22.01, GrowGeneration Corp, which gained 35.05% to close at 4.47, and Skywater Technology Inc, which rose 31.60% to end the session at 11.37. The least gainers were Bioventus Inc, which shed 57.51% to close at 3.00. Shares of R1 RCM Inc lost 49.76% and ended the session at 7.41. Quotes of Athersys Inc decreased in price by 43.36% to 1.28. The numbers On the New York Stock Exchange, the number of securities that rose in price (1834) exceeded the number of those that closed in the red (1256), while quotes of 125 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,894 stocks fell, 1,771 rose, and 259 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 4.89% to 25.54. Gold Gold futures for December delivery added 2.15%, or 36.20, to $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 2.83%, or 2.60, to $89.19 a barrel. Brent futures for January delivery fell 2.39%, or 2.34, to $95.58 a barrel. Forex Meanwhile, in the Forex market, EUR/USD climbed 0.56% to hit 1.01, while USD/JPY fell 0.73% to hit 145.55. Futures on the USD index fell 0.46% to 109.49.     Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/300198
USD/JPY Weekly Review: Strong Dollar and Yen's Resilience in G10 Currencies

The Number Of Securities That Fell Exceeded The Number Of Those That Closed In Positive Territory

InstaForex Analysis InstaForex Analysis 10.11.2022 08:25
At the close on the New York Stock Exchange, the Dow Jones fell 1.95%, the S&P 500 fell 2.08%, and the NASDAQ Composite index fell 2.48%. Dow Jones Merck & Company Inc was the top gainer among the components of the Dow Jones in today's trading, up 0.09 points (0.09%) to close at 101.59. Quotes of McDonald's Corporation fell by 0.61 points (0.22%) to end trading at 277.79. Procter & Gamble Company lost 0.33 points or 0.24% to close at 136.48. The least gainers were Walt Disney Company, which fell 13.15 points or 13.16% to end the session at 86.75. Chevron Corp was up 4.00% or 7.41 points to close at 177.93 while Dow Inc was down 3.97% or 1.97 points to close at 47.68. . S&P 500 Leading gainers among the S&P 500 index components in today's trading were Akamai Technologies Inc, which rose 6.19% to hit 89.08, Gen Digital Inc, which gained 6.01% to close at 22.92, and also shares of Bio-Rad Laboratories Inc, which rose 5.67% to end the session at 403.49. The least gainer was Walt Disney Company, which shed 13.16% to close at 86.75. Shares of Occidental Petroleum Corporation shed 9.22% to end the session at 67.93. Quotes Norwegian Cruise Line Holdings Ltd fell in price by 8.74% to 15.77. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Merrimack Pharmaceuticals Inc, which rose 212.75% to 12.51, Outset Medical Inc, which gained 29.90% to close at 14.90, and also shares of Neurobo Pharmaceuticals Inc, which rose 29.60% to close the session at 1.62. The least gainers were Clovis Oncology Inc, which shed 71.62% to close at 0.28. Shares of Telos Corp lost 68.84% and ended the session at 3.44. Quotes of Athersys Inc decreased in price by 56.45% to 0.56. Numbers On the New York Stock Exchange, the number of securities that fell in price (2539) exceeded the number of those that closed in positive territory (564), while quotes of 97 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,848 stocks fell, 900 rose, and 221 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.15% to 9/26. Gold Gold futures for December delivery lost 0.44% or 7.60 to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 3.77%, or 3.35, to $85.56 a barrel. Futures for Brent crude for January delivery fell 3.15%, or 3.00, to $92.36 a barrel. Forex Meanwhile, in the Forex market, EUR/USD was down 0.62% to hit 1.00, while USD/JPY was up 0.52% to hit 146.41. Futures on the USD index rose 0.75% to 110.37.   Relevance up to 03:00 2022-11-11 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/300382
RBI's Strategic INR Support: Factors Behind India's Stable Currency Amidst Global Challenges

The Positive Close Of The New York Stock Exchange, A Significant Part Of The Indices Increased

InstaForex Analysis InstaForex Analysis 11.11.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 3.70% to a one-month high, the S&P 500 rose 5.54% and the NASDAQ Composite rose 7.35%. Dow Jones  Salesforce Inc was the top gainer among the components of the Dow Jones in today's trading, up 14.24 points or 10.02% to close at 156.30. Quotes of Apple Inc rose by 12.00 points (8.90%), ending trading at 146.87. Home Depot Inc rose 24.95 points or 8.70% to close at 311.70. Shares of McDonald's Corporation led the decline, losing 1.91 points (0.69%) to end the session at 275.88. Merck & Company Inc was down 0.30 points (0.30%) to close at 101.89 while Amgen Inc was up 0.47% or 1.36 points to close at 291. .01. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Invesco Plc, which rose 17.85% to hit 18.75, Caesars Entertainment Corporation, which gained 17.83% to close at 50.62, and shares of T. Rowe Price Group Inc, which rose 16.36% to close the session at 124.65. The least gainers were McKesson Corporation, which shed 4.12% to close at 370.32. Shares of Cardinal Health Inc shed 2.79% to end the session at 77.93. Quotes of Altria Group decreased in price by 2.19% to 44.22. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Fast Radius Inc, which rose 156.19% to hit 0.26, SHF Holdings Inc, which gained 85.78% to close at 3.79, and also shares of EpicQuest Education Group International Ltd, which rose 73.79% to close the session at 1.79. The least gainers were Apyx Medical Inc, which shed 60.45% to close at 1.74. Shares of Veru Inc lost 53.56% and ended the session at 6.97. Quotes of AGBA Acquisition Ltd decreased in price by 50.89% to 5.50. Numbers On the New York Stock Exchange, the number of securities that rose in price (2830) exceeded the number of those that closed in the red (347), while quotes of 80 shares remained virtually unchanged. On the NASDAQ stock exchange, 3,100 companies rose in price, 694 fell, and 216 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 9.81% to 23.53, hitting a new monthly low. Gold Gold futures for December delivery added 2.68%, or 45.95, to $1.00 a troy ounce. In other commodities, WTI crude for December delivery rose 0.55%, or 0.47, to $86.30 a barrel. Futures for Brent crude for January delivery rose 0.90%, or 0.83, to $93.48 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 2.03% to 1.02, while USD/JPY shed 3.97% to hit 140.62. Futures on the USD index fell 2.55% to 107.65.     Relevance up to 03:00 2022-11-12 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/300576
Euro-dollar Support Tested Amidst Rate Concerns and Labor Strikes

The Close Of The New York Stock Exchange Was Mostly Red

InstaForex Analysis InstaForex Analysis 15.11.2022 08:09
At the close of the New York Stock Exchange, the Dow Jones fell 0.63%, the S&P 500 fell 0.89%, and the NASDAQ Composite index fell 1.12%. Dow Jones Merck & Company Inc was the top gainer among the components of the Dow Jones index today, up 2.39 points or 2.44% to close at 100.35. Quotes of Johnson & Johnson rose by 2.66 points (1.57%), ending trading at 171.91. Visa Inc Class A rose 1.86 points or 0.91% to close at 206.86. The least gainers were Walmart Inc, which shed 4.19 points or 2.94% to end the session at 138.39. Home Depot Inc was up 2.55% or 8.02 points to close at 306.92 while Dow Inc was down 2.24% or 1.19 points to close at 51. 95. S&P 500 Leading gainers among the components of the S&P 500 in today's trading were CF Industries Holdings Inc, which rose 5.21% to hit 107.76, PENN Entertainment Inc, which gained 4.59% to close at 37.63. as well as Moderna Inc, which rose 4.57% to close the session at 179.03. The least gainers were Hasbro Inc, which shed 9.86% to close at 57.16. Shares of Bath & Body Works Inc. lost 8.17% and ended the session at 33.06. Quotes of SVB Financial Group decreased in price by 6.73% to 219.76. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Opiant Pharmaceuticals Inc, which rose 111.58% to hit 20.10, Freight Technologies Inc, which gained 113.15% to close at 0.44, and also shares of Toughbuilt Industries Inc, which rose 72.27% to end the session at 3.79. The least gainers were Satsuma Pharmaceuticals Inc, which shed 83.22% to close at 0.68. Shares of Sellas Life Sciences Group Inc lost 43.96% to end the session at 2.55. Quotes of Nuwellis Inc decreased in price by 40.00% to 0.12. Numbers On the New York Stock Exchange, the number of securities that fell in price (2188) exceeded the number of those that closed in positive territory (956), while quotes of 111 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,257 companies fell in price, 1,538 rose, and 202 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 5.37% to 23.73. Gold Gold Futures for December delivery added 0.30%, or 5.30, to $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 4.24%, or 3.77, to $85.19 a barrel. Futures for Brent crude for January delivery fell 3.57%, or 3.43, to $92.56 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged at 0.21% to 1.03, while USD/JPY advanced 0.77% to hit 139.86. Futures on the USD index rose 0.53% to 106.73.       Relevance up to 03:00 2022-11-16 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/300975
At The Close On The New York Stock Exchange Indices Closed Mixed

At The Close Of The New York Stock Exchange Most Securities Rose In Price

InstaForex Analysis InstaForex Analysis 16.11.2022 08:02
At the close of the New York Stock Exchange, the Dow Jones rose 0.17%, the S&P 500 rose 0.87% and the NASDAQ Composite rose 1.45%. Dow Jones Walmart Inc was the top performer among the components of the Dow Jones index today, up 9.05 points or 6.54% to close at 147.44. Nike Inc rose 2.32 points or 2.22% to close at 106.71. Salesforce Inc rose 3.41 points or 2.15% to close at 162.07. The least gainers were UnitedHealth Group Incorporated, which shed 10.74 points or 2.09% to end the session at 503.01. The Travelers Companies Inc was up 1.75% or 3.20 points to close at 179.50 while Verizon Communications Inc was down 1.59% or 0.61 points to close at 37.70. S&P 500 Leading gainers among the S&P 500 index components in today's trading were SVB Financial Group, which rose 9.18% to 239.93, Ceridian HCM Holding Inc, which gained 8.30% to close at 72.68. as well as Match Group Inc, which rose 6.66% to end the session at 51.92. The least gainers were Capital One Financial Corporation, which shed 7.18% to close at 103.56. Shares of Albemarle Corp shed 6.48% to end the session at 295.86. Quotes Synchrony Financial fell in price by 4.85% to 35.92.  NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Tenax Therapeutics Inc, which rose 45.74% to hit 0.14, Qurate Retail Inc Series B, which gained 37.28% to close at 7.14. , as well as shares of Exagen Inc, which rose 42.38% to close the session at 2.99. Shares of Jowell Global Ltd. were the biggest losers, losing 56.65% to close at 0.69. Shares of Fast Radius Inc lost 47.79% and ended the session at 0.10. Quotes of Kingstone Companies Inc decreased in price by 45.03% to 0.91. Numbers On the New York Stock Exchange, the number of securities that rose in price (2,346) exceeded the number of those that closed in the red (788), while quotes of 102 shares remained virtually unchanged. On the NASDAQ stock exchange, 2499 companies rose in price, 1319 fell, and 197 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 3.41% to 24.54. Gold Gold futures for December delivery added 0.29%, or 5.15, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery rose 1.12%, or 0.96, to $86.83 a barrel. Futures for Brent crude for January delivery rose 0.62%, or 0.58, to $93.72 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.25% to 1.04, while USD/JPY fell 0.51% to hit 139.16. Futures on the USD index fell 0.15% to 106.37.   Relevance up to 03:00 2022-11-17 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/301152
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The NASDAQ Stock Exchange 2,616 Companies Fell In Price

InstaForex Analysis InstaForex Analysis 17.11.2022 08:02
At the close of the New York Stock Exchange, the Dow Jones was down 0.12%, the S&P 500 was down 0.83% and the NASDAQ Composite was down 1.54%. Dow Jones McDonald's Corporation was the leading gainer among the components of the Dow Jones index today, up 4.67 points or 1.74% to close at 272.51. UnitedHealth Group Incorporated rose 8.51 points or 1.69% to close at 511.52. Home Depot Inc rose 0.96% or 2.98 points to close at 314.91. The least gainers were Salesforce Inc, which shed 6.95 points or 4.29% to end the session at 155.12. Intel Corporation was up 3.84% or 1.18 points to close at 29.53, while Dow Inc was down 2.11% or 1.09 points to close at 50.51. . S&P 500  Leading gainers among the S&P 500 index components in today's trading were TJX Companies Inc, which rose 5.19% to hit 79.02, Campbell Soup Company, which gained 3.89% to close at 50.71, and also shares of W. R. Berkley Corp, which rose 3.83% to end the session at 71.76. The least gainers were Advance Auto Parts Inc, which shed 15.06% to close at 156.24. Shares of Carnival Corporation shed 13.71% to end the session at 9.63. Quotes of Target Corporation decreased in price by 13.14% to 155.47. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were Fast Radius Inc, which rose 106.29% to hit 0.21, Qurate Retail Inc Series B, which gained 45.90% to close at 10.41 , as well as shares of InMed Pharmaceuticals Inc, which rose 36.33% to close the session at 3.79. The least gainers were shares of Dlocal Ltd, which lost 50.71% to close at 10.46. Shares of Brainsway Ltd lost 31.56% and ended the session at 2.19. Quotes of Cuentas Inc decreased in price by 28.00% to 0.25. Numbers On the New York Stock Exchange, the number of securities that fell in price (2104) exceeded the number of those that closed in positive territory (1012), while quotes of 119 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,616 companies fell in price, 1,142 rose, and 236 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 1.75% to 11/24. Gold Gold Futures for December delivery added 0.04%, or 0.65, to $1.00 a troy ounce. In other commodities, WTI crude futures for December delivery fell 1.83%, or 1.59, to $85.33 a barrel. Futures for Brent crude for January delivery fell 1.29%, or 1.21, to $92.65 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.43% to 1.04, while USD/JPY advanced 0.15% to hit 139.49. Futures on the USD index fell 0.13% to 106.15.     Relevance up to 03:00 2022-11-18 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/301333
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

Declines At The Close In The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 18.11.2022 08:03
At the close in the New York Stock Exchange, the Dow Jones fell 0.02%, the S&P 500 fell 0.31%, and the NASDAQ Composite fell 0.35%. Dow Jones The leading performer among the components of the Dow Jones index today was Cisco Systems Inc, which gained 2.20 points or 4.96% to close at 46.59. Merck & Company Inc rose 2.38 points or 2.38% to close at 102.31. Apple Inc rose 1.93 points or 1.30% to close at 150.72. The least gainers were Salesforce Inc, which shed 5.43 points or 3.50% to end the session at 149.69. The Walt Disney Company rose 2.66% or 2.50 points to close at 91.45 while American Express Company shed 1.27% or 1.93 points to close at 150. .64. S&P 500  Among the S&P 500 index components gainers in today's trading were Bath & Body Works Inc., which rose 25.18% to 38.97, Gap Inc, which gained 5.56% to close at 12.71., as well as shares of Qorvo Inc, which rose 5.25% to close the session at 97.70. The least gainers were West Pharmaceutical Services Inc, which shed 7.57% to close at 221.93. Shares of Norwegian Cruise Line Holdings Ltd shed 6.77% to end the session at 16.40. Paycom Soft quotes fell 5.73% to 318.34. NASDAQ  The leading gainers among the components of the NASDAQ Composite in today's trading were Ardelyx Inc, which rose 40.98% to hit 1.72, CytomX Therapeutics Inc, which gained 32.23% to close at 1.60, and shares of Cuentas Inc, which rose 28.00% to end the session at 0.32. The least gainers were shares of Inotiv Inc, which fell 56.97% to close at 6.82. Shares of Golden Sun Education Group Ltd lost 46.28% and closed the session at 2.31. Quotes Singularity Future Technology Ltd fell in price by 45.93% to 1.13. Numbers On the New York Stock Exchange, the number of securities that fell in price (1996) exceeded the number of those that closed in positive territory (1109), and the quotes of 147 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,280 companies fell in price, 1,467 rose, and 258 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.75% to 23.93. Gold Gold futures for December delivery lost 0.70%, or 12.40, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery dropped 4.23%, or 3.62, to $81.97 a barrel. Futures for Brent crude for January delivery fell 3.08%, or 2.86, to $90.00 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.23% to 1.04, while USD/JPY rose 0.46% to hit 140.18. Futures on the USD index rose by 0.37% to 106.55. Relevance up to 03:00 2022-11-19 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/301521
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange Most Of Securities Rose

InstaForex Analysis InstaForex Analysis 21.11.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 0.59%, the S&P 500 rose 0.48% and the NASDAQ Composite rose 0.01%. Dow Jones UnitedHealth Group Incorporated was the top performer among the Dow Jones index components in today's trading, up 14.69 points or 2.85% to close at 530.00. Quotes of Cisco Systems Inc rose by 1.20 points (2.58%), closing the session at 47.79. Merck & Company Inc rose 1.92 points or 1.88% to close at 104.23. The least gainers were Salesforce Inc, which shed 1.65 points or 1.10% to end the session at 148.04. Walgreens Boots Alliance Inc was up 0.95% or 0.38 points to close at 39.75 while Chevron Corp was down 0.60% or 1.10 points to close at 182. .99. S&P 500 Among the S&P 500 index components gainers today were Ross Stores Inc, which rose 9.86% to hit 107.59, Gap Inc, which gained 7.55% to close at 13.67, and shares of Lincoln National Corporation, which rose 4.37% to close the session at 37.73. The least gainers were Live Nation Entertainment Inc, which shed 7.85% to close at 66.21. Shares of Fortinet Inc lost 3.66% to end the session at 52.16. Diamondback Energy Inc lost 3.44% to 156.22. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were AGBA Acquisition Ltd, which rose 50.67% to hit 6.78, Paxmedica Inc, which gained 37.42% to close at 2.13, and shares of Mercurity Fintech Holding Inc ADR, which rose by 32.91%, ending the session at around 1.05. Shares of Kiora Pharmaceuticals Inc were the biggest losers, losing 35.85% to close at 3.83. Shares of Bit Origin Ltd lost 29.80% and ended the session at 0.15. Quotes of InMed Pharmaceuticals Inc decreased in price by 28.13% to 2.76. Numbers On the New York Stock Exchange, the number of securities that rose in price (1884) exceeded the number of those that closed in the red (1211), while quotes of 138 shares remained virtually unchanged. On the NASDAQ stock exchange, 1985 companies rose in price, 1772 fell, and 237 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.38% to 12/23. Gold Gold futures for December delivery lost 0.66%, or 11.65, to hit $1.00 a troy ounce. In other commodities, WTI crude for December delivery fell 1.73%, or 1.41, to $80.23 a barrel. Futures for Brent crude for January delivery fell 2.17%, or 1.95, to $87.83 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.36% to 1.03, while USD/JPY rose 0.13% to hit 140.37. Futures on the USD index rose 0.25% to 106.86. Relevance up to 03:00 2022-11-22 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/301736
At The Close On The New York Stock Exchange Indices Closed Mixed

The Minutes Of Fed May Help Shape The Upcoming Week On Wall Street

InstaForex Analysis InstaForex Analysis 21.11.2022 13:21
The minutes of the November meeting of the Federal Reserve are expected to help shape the upcoming week on Wall Street, which is shortened due to the holidays. U.S. stock and bond markets will be closed Thursday, Nov. 24, due to the Thanksgiving holiday. Also, on Black Friday, trading will close early. The report on the discussions at the U.S. central bank meeting earlier this month, due out Wednesday, will be the highlight of the economic calendar in the coming days. The earnings calendar will also be relatively sparse as the third quarter reports come to a close. Stocks posted a loss last week despite a modest gain on Friday after hawkish statements from the Federal Reserve dampened optimism. The S&P 500 fell 0.7% last week: Nasdaq Composite lost about 1.6% as central bank members said they intend to continue aggressive policy tightening. The Dow Jones Industrial Average remained virtually unchanged over the week: Minutes from the latest meeting of the Federal Open Market Committee (FOMC) show that officials are planning a half-point rate hike at their December meeting. Fed Chairman Jerome Powell said at a press conference that he and his colleagues have some avenues to mitigate rising prices, acknowledging that the inflation picture has become more complex. An aggressive increase in interest rates could lead to a recession in the U.S. economy, and Fed officials have recently become more open about this risk. Goldman Sachs raised its Fed rate forecast to a range of 5% to 5.25%, adding another 25 basis point hike in May, noting that the investment bank's exposure to its Fed outlook has turned up. "Inflation is likely to remain uncomfortably high for a while, and this could put pressure on the FOMC to deliver a longer string of small hikes next year," economists led by Jan Hatzius said. Wall Street is nearing the end of its reporting season, but the results from Dell (DELL), J.M. Smucker (SJM), Zoom Video (ZM) and Dollar Tree (DLTR) will be some of the key corporate updates in the report. According to FactSet Research, fewer companies are expressing recession fears in the third quarter compared to the second quarter. Of the S&P 500 companies that reported earnings between Sept. 15 and Nov. 16, 26% fewer companies mentioned the term "recession," with 179 mentioning the word, compared with 242 in the reporting period for the most recent quarter. Still, according to FactSet, this quarter still ranks third among companies stressing fears of a potential economic downturn, at least since 2010.     Relevance up to 10:00 2022-11-26 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/327652
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

The New York Stock Exchange: The Dow Jones Rose 1.18% To A 3-Month High

InstaForex Analysis InstaForex Analysis 23.11.2022 08:24
At the close of the New York Stock Exchange, the Dow Jones rose 1.18% to a 3-month high, the S&P 500 rose 1.36% and the NASDAQ Composite rose 1.36%.  Dow Jones The leading performer among the Dow Jones index components in today's trading was Intel Corporation, which gained 0.88 points or 3.04% to close at 29.82. Salesforce Inc rose 4.40 points or 3.04% to close at 149.25. Walgreens Boots Alliance Inc rose 1.20 points or 2.96% to close at 41.79. The least gainer was Walt Disney Company, which shed 1.37 points or 1.40% to end the session at 96.21. Amgen Inc was up 1.11 points (0.39%) to close at 287.05, while Boeing Co was down 0.44 points (0.25%) to close at 172.50.   S&P 500 Leading gainers among the components of the S&P 500 in today's trading were Best Buy Co Inc, which rose 12.78% to 79.88, Agilent Technologies Inc, which gained 8.08% to close at 156.86. as well as shares of CF Industries Holdings Inc, which rose 6.72% to close the session at 109.68. The least gainers were Dollar Tree Inc, which shed 7.79% to close at 152.37. Shares of Rollins Inc lost 6.14% to end the session at 39.53. Quotes of Medtronic PLC decreased in price by 5.30% to 77.93.  NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Cosmos Holdings Inc, which rose 86.93% to hit 0.33, Palisade Bio Inc, which gained 81.08% to close at 4.02, and also shares of Motorsport Gaming Us LLC, which rose 51.11% to close the session at 6.80. The least gainers were Eqonex Ltd shares, which lost 32.81% to close at 0.14. Shares of WiSA Technologies Inc lost 21.56% and ended the session at 0.20. Quotes of AGBA Acquisition Ltd decreased in price by 22.94% to 4.87. Numbers On the New York Stock Exchange, the number of securities that rose in price (2345) exceeded the number of those that closed in the red (761), while quotes of 110 shares remained virtually unchanged. On the NASDAQ stock exchange, 2259 companies rose in price, 1542 fell, and 236 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 4.79% to 21.29, hitting a new 3-month low. Gold Gold futures for December delivery added 0.07%, or 1.15, to $1.00 a troy ounce. In other commodities, WTI crude for January delivery rose 1.41%, or 1.13, to $81.17 a barrel. Futures for Brent crude for January delivery rose 1.22%, or 1.07, to $88.52 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.62% to hit 1.03, while USD/JPY shed 0.65% to hit 141.20. Futures on the USD index fell 0.63% to 107.05.     Relevance up to 04:00 2022-11-24 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/302134
Tokyo Raises Concerns Over Yen's Depreciation, Considers Intervention

The US Dollar Seems To Have Lost To All Major World Currencies

Conotoxia Comments Conotoxia Comments 24.11.2022 10:28
Americans celebrate Thanksgiving today, which may translate into less activity for investors overseas. However, before that happens, the market seems to be still alive with yesterday's "minutes" from the latest FOMC meeting. The minutes are a record of events and statements at the meeting of the Federal Open Market Committee, which makes decisions on interest rates in the United States. They show that the vast majority of Fed officials felt that a slowdown in the rate of increase in the federal funds rate would probably be appropriate soon, as this would allow the Committee to better assess progress toward achieving its goals of maximum employment and price stability. Policymakers also noted that with inflation showing no signs of abating and the economy's supply-demand imbalance persisting, the ultimate level of the federal funds rate that would be needed to achieve the Committee's goals is somewhat higher than they had previously expected. The Federal Reserve raised the target range for the federal funds rate by 75 basis points to 3.75%-4% at its November 2022 meeting, marking the sixth consecutive rate hike and the fourth consecutive 75bp increase. As a result, the cost of dollar funding has risen to its highest level since 2008, Tradingecnomics calculated. Slower hikes - how are the dollar exchange rate and indexes reacting? The dollar index fell below 106 points on Thursday morning, slipping for the third day in a row toward the lowest levels since mid-August. For the week as a whole, the dollar seems to have lost to all major world currencies. Meanwhile, the British pound was able to record the biggest strengthening, gaining more than 1.7 percent, followed by the New Zealand dollar, which saw a historic interest rate hike yesterday. In third place on a weekly basis is the Swiss franc, with a strengthening of about 1.5 percent. Thus, it seems that the dollar's rally after the US interest rate hike may have slowed or come to an end, and now the market could at least move to a larger correction in price and time after the USD's one-year appreciation. Source: Conotoxia MT5, USDIndex, Daily The chances of a slower pace of interest rate hikes may have appealed to investors on Wall Street, where the green has taken hold. Particular attention may be paid to the Dow Jones index, which is now just a few percent short of reaching new highs. Yesterday, the Dow closed more than 100 points higher, while the S&P 500 and Nasdaq rose 0.6% and 1%, respectively. For the month as a whole, Caterpillar posted the biggest gains in the 30-company index, rising more than 23 percent, while the shares of aircraft manufacturer Boeing achieved a similar result. Meanwhile, only three companies in the entire index recorded a decline. They were UnitedHealth Group, The Walt Disney Co and Salesforce.com Inc. In their case, the declines were in the range of -2.2 to -5.2%, according to data from the BBN service. Source: Conotoxia MT5, Caterpillar, Weekly Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.21% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.    
BOC Rate Hike Odds Rise to 28.8% as Canada's Economy Shows Resilience

Employees Of Amazon Are Planning Protests On Friday

InstaForex Analysis InstaForex Analysis 28.11.2022 08:00
There are no statistical releases scheduled for Friday. In this case, the session will be shortened and will end at 21:00 GMT+2. In this regard, trading activity is likely to be lower than usual on the holiday-thinned market. On Thursday, the exchanges did not work because of the public holiday, Thanksgiving Day. Meanwhile, a number of important indicators will be published in the near future, including revised data on US GDP for the third quarter as well as data on the labor market for November. In addition, the country begins the season of active shopping before the holidays. Dow Jones Industrial Average by 18:02 GMT+2 increased by 0.4% and reached 34,333.97 points. Among the components of the index, the top gainers were Home Depot Inc, up 1.8%, UnitedHealth Group up 1.4% and 3M Co. - by 1.2%. The value of the Standard & Poor's 500 by this time increased by 0.06% - up to 4029.69 points. At the same time, the Nasdaq Composite index fell by 0.39% since the market opened and amounted to 11,241.63 points. Stock quotes for retailers Walmart Inc. and Target Corp. decrease respectively by 0.2% and 0.8% at the beginning of trading. Amazon.com Inc. price fell 1.1% on reports that employees at the online retailer's warehouses around the world, including the US, Germany and France, are planning protests on Friday demanding higher wages. Shares of Ford Motor dropped 0.3% on news that the company is recalling more than 634,000 SUVs worldwide due to malfunctions. Tesla's value is 1.2% down. The company announced that it is recalling about 80,000 electric vehicles in China due to problems with software and seat belts. In addition, Apple Inc. papers are trading lower, having decreased - by 1.6%, Nike Inc. - by 0.6%, Intel Corp. - by 0.5%. At the same time, the share price of Chevron Corp. has grown by 0.3%. According to media reports, the United States is preparing to grant this company a license to produce oil in Venezuela. Chevron will regain partial control of oil production in Venezuelan fields, in which the company has retained stakes through joint ventures with state-owned Petroleos de Venezuela SA.     search   g_translate     Relevance up to 03:00 2022-11-29 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/302664
At The Close On The New York Stock Exchange Indices Closed Mixed

The Main Indices Fell At The Close Of The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 30.11.2022 08:17
At the close of the New York Stock Exchange, the Dow Jones rose 0.01%, the S&P 500 fell 0.16%, and the NASDAQ Composite fell 0.59%. Dow Jones Dow Inc was the top gainer among the components of the Dow Jones index today, up 1.15 points or 2.32% to close at 50.65. Quotes of American Express Company rose by 3.55 points (2.35%), closing the session at 154.42. Boeing Co rose 3.49 points or 2.03% to close at 175.32. Shares of Apple Inc became the losers, the price of which fell by 3.05 points (2.11%), ending the session at 141.17. Salesforce Inc was up 1.31% or 2.01 points to close at 151.68, while Visa Inc Class A was down 1.04% or 2.20 points to close at 209. .06. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Under Armor Inc A, which rose 4.79% to hit 9.84, Celanese Corporation, which gained 4.75% to close at 105.56, and also shares of Ralph Lauren Corp Class A, which rose 4.36% to close the session at 112.66. The biggest losers were Illumina Inc, which shed 3.84% to close at 208.57. Shares of PayPal Holdings Inc lost 2.87% to end the session at 77.64. Enphase Energy Inc lost 2.83% to 303.39. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Otonomy Inc, which rose 113.82% to hit 0.23, Apollo Endosurgery Inc, which gained 67.83% to close at 10.07, and shares of OncoSec Medical Inc, which rose 50.98% to end the session at 3.85. The biggest losers were Digital Brands Group Inc, which shed 34.17% to close at 4.74. Shares of Eqonex Ltd lost 33.88% and ended the session at 0.09. Quotes of Secoo Holding Ltd decreased in price by 32.49% to 1.60. Numbers On the New York Stock Exchange, the number of securities that rose in price (1866) exceeded the number of those that closed in the red (1241), while quotes of 108 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,888 stocks fell, 1,862 rose, and 205 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 1.44% to 21.89. Gold Gold futures for December delivery added 0.47%, or 8.15, to $1.00 a troy ounce. In other commodities, WTI crude futures for January delivery rose 1.90%, or 1.47, to $78.71 a barrel. Brent crude futures for February delivery rose 0.95%, or 0.80, to $84.69 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.07% to 1.03, while USD/JPY fell 0.18% to hit 138.70. Futures on the USD index rose 0.11% to 106.75.     Relevance up to 03:00 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/303091
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

There Was Good Close On The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 01.12.2022 08:11
At the close of the New York Stock Exchange, the Dow Jones rose 2.18% to a 6-month high, the S&P 500 rose 3.09% and the NASDAQ Composite index rose 4.41%. Dow Jones The leading gainers among the components of the Dow Jones index today were shares of Microsoft Corporation, which gained 14.81 points (6.16%) to close at 255.14. Salesforce Inc rose 8.57 points or 5.65% to close at 160.25. Apple Inc rose 4.86% or 6.86 points to close at 148.03. The least gainers were Walmart Inc, which shed 0.55 points or 0.36% to end the session at 152.42. 3M Company rose 0.13% or 0.16 points to close at 125.97, while Caterpillar Inc rose 0.55% or 1.29 points to close at 236.41. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Estee Lauder Companies Inc (NYSE:EL), which rose 9.70% to 235.79, Netflix Inc, which gained 8.75% to close at 305.53, as well as shares of Hewlett Packard Enterprise Co, which rose 8.57% to close the session at 16.79. The least gainers were NetApp Inc, which shed 5.82% to close at 67.61. Shares of Charles River Laboratories shed 4.56% to end the session at 228.57. Hormel Foods Corporation fell 2.47% to 47.00. NASDAQ The top performers on the NASDAQ Composite Index today were Biophytis, which rose 92.03% to hit 0.67, Corbus Pharmaceuticals Holding, which gained 60.08% to close at 0.19, and Biodesix Inc, which rose 47.06% to end the session at 2.00. The least gainers were Aeglea Bio Therapeutics Inc, which shed 65.98% to close at 0.41. Shares of CN Energy Group Inc lost 44.93% and ended the session at 0.82. Pacifico Acquisition Corp lost 42.81% to 5.41. Number On the New York Stock Exchange, the number of securities that rose in price (2686) exceeded the number of those that closed in the red (442), while quotes of 105 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,913 companies rose in price, 872 fell, and 199 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 5.98% to 20.58. Gold Gold futures for February delivery added 1.99% or 34.75 to hit $1.00 a troy ounce. In other commodities, WTI crude for January delivery rose 2.86%, or 2.24, to $80.44 a barrel. Futures for Brent crude for February delivery rose 2.93%, or 2.47, to $86.72 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.76% to hit 1.04, while USD/JPY fell 0.44% to hit 138.07. Futures on the USD index fell 0.75% to 105.96.     Relevance up to 03:00 2022-12-02 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/303272
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange Gained More Securities Than Lost

InstaForex Analysis InstaForex Analysis 05.12.2022 08:07
At the time of closing on the New York Stock Exchange, Dow Jones rose 0.10%, the S&P 500 index fell by 0.12%, the NASDAQ Composite index fell by 0.18%. Dow Jones The growth leaders among the components of the Dow Jones index were Boeing Co shares, which went up by 7.09 p. (4.03%), closing at the mark of 182.87. Nike Inc quotes increased by 1.43 p. (1.29%), completing tenders at 112.20. Dow Inc papers increased in price by 0.48 p. (0.94%), closing at 51.55. Salesforce Inc shares were the leaders of the fall, the price of which fell by 2.44 p. (1.66%), completing the session at the mark of 144.56. Intel Corporation shares rose 0.42 p. (1.41%), closing at 29.41, and Goldman Sachs Group Inc decreased in price by 3.23 p. (0.84%) and completed bidding at 380 , 58.  S&P 500  The leaders among the S&P 500 index components in today's trading were shares of Enphase Energy Inc, which gained 7.01% to 336.00, SolarEdge Technologies Inc, which gained 4.40% to close at 308.77, and shares of Huntington Ingalls Industries Inc, which gained 4.24% to close the session at 240.68. The least gainers were the PayPal Holdings Inc shares, which decreased in price by 4.93%, closing at 74.66. Valero Energy Corporation shares lost 3.76% and completed the session at 127.07. Arista Networks quotes decreased by 3.39% to 135.04. Nasdaq  Growth leaders among the components of the Nasdaq Composite index were Shuttle Pharmaceuticals Inc, which went up by 65.07% to 2.41, Yunhong CTI LTD, which gained 46.69%, closed at 0.56, as well as Anavex Life Sciences shares Corp, which increased by 35.85%, completing the session at a mark of 12.05. The leaders of the fall were shares of Theratechnologies Inc, which declined 36.02% to close at 1.35. Shares of Biovie Inc lost 31.80% and ended the session at 5.49. Redhill Biopharma Ltd. fell 27.21% to 0.27. Numbers On the NYSE, 1,672 gained more securities (1,409) than lost (1,409), while 119 stocks were essentially flat. On NASDAQ, 2,141 stocks gained, 1,547 declined, and 268 remained flat. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.93% on June 19, hitting a new 6-month low. Gold Futures for gold futures with delivery in February lost 0.19%, or 3.45, reaching $ 1.00 per troy ounce. As for other goods, the prices for WTI oil with supply in January decreased by 1.31%, or 1.06, to $ 80.16 per barrel. Futures for Brent oil futures with delivery in February fell 1.23%, or 1.07, to $ 85.81 per barrel. Forex Meanwhile, on the Forex market EUR/USD did not change significantly 0.17% to 1.05, while USD/JPY fell 0.74% to 134.27. The USD index futures were down 0.22% to 104.46 Relevance up to 03:00 2022-12-06 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/303619
Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

It Was A Negative Close In The New York Stock Exchange For 2185 Securities

InstaForex Analysis InstaForex Analysis 07.12.2022 08:00
At the close in the New York Stock Exchange, the Dow Jones fell 1.03%, the S&P 500 fell 1.44%, and the NASDAQ Composite fell 2.00%.  Dow Jones  UnitedHealth Group Incorporated was the top performer among the Dow Jones index components in today's trading, up 4.28 points or 0.80% to close at 539.32. The Travelers Companies Inc rose 0.69% or 1.29 points to close at 188.50. Procter & Gamble Company rose 0.19 points or 0.13% to close at 149.28. The least gainers were Walt Disney Company shares, which lost 3.64 points or 3.79% to end the session at 92.29. Boeing Co was up 3.60% or 6.67 points to close at 178.43, while Chevron Corp was down 2.58% or 4.55 points to close at 172.01.  S&P 500  Among the S&P 500 index components gainers today were Textron Inc, which rose 5.25% to 73.57, Lumen Technologies Inc, which gained 3.85% to close at 5.40, and shares of Exelon Corporation, which rose 2.68% to end the session at 42.87. The least gainers were NRG Energy Inc, which shed 15.08% to close at 34.68. Shares of Enphase Energy Inc shed 7.77% to end the session at 309.73. Paramount Global Class B was down 6.97% to 18.15. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Summit Therapeutics PLC, which rose 194.27% to hit 2.31, Pacifico Acquisition Corp, which gained 59.01% to close at 8.03, and also shares of Eterna Therapeutics Inc, which rose 43.87% to end the session at 4.46. The least gainers were Gossamer Bio Inc, which shed 74.60% to close at 2.36. Shares of INVO Bioscience Inc lost 35.62% to end the session at 0.47. Quotes of MEI Pharma Inc decreased in price by 33.52% to 0.26. Numbers On the New York Stock Exchange, the number of securities that fell in price (2185) exceeded the number of those that closed in positive territory (891), while quotes of 121 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,618 companies fell in price, 1,099 rose, and 217 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 6.84% to 22.17. Gold Gold futures for February delivery added 0.15%, or 2.65, to $1.00 a troy ounce. In other commodities, WTI January futures fell 3.46%, or 2.66, to $74.27 a barrel. Brent oil futures for February delivery fell 3.86%, or 3.19, to $79.49 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.24% to 1.05, while USD/JPY was up 0.22% to hit 137.04. Futures on the USD index rose 0.28% to 105.53   Relevance up to 02:00 2022-12-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/303957
ECB's Hawkish Hike: Boosting EUR/USD and Shaping Global Monetary Policy

On The New York Stock Exchange, The Dow Jones Did Not Rise In Price

InstaForex Analysis InstaForex Analysis 08.12.2022 08:00
At the close of the day on the New York Stock Exchange, the Dow Jones did not rise in price, the S&P 500 index fell 0.19%, the NASDAQ Composite index fell 0.51%. Dow Jones The leading performer among the components of the Dow Jones index today was 3M Company, which gained 1.77 points (1.42%) to close at 126.35. Merck & Company Inc rose 1.16 points or 1.06% to close at 110.09. Amgen Inc rose 0.87% or 2.47 points to close at 285.76. The biggest losers were Salesforce Inc, which shed 2.79 points or 2.09% to end the session at 130.48. Apple Inc. shares rose 1.97 points (1.38%) to close at 140.94, while Boeing Co was down 1.93 points (1.08%) to close at 176.50.  S&P 500  Leading gainers among the S&P 500 index components in today's trading were State Street Corp, which rose 8.19% to hit 80.45, Campbell Soup Company, which gained 6.02% to close at 56.18, and also shares of Bank of New York Mellon, which rose 4.13% to close the session at 44.61. The biggest losers were M&T Bank Corp, which shed 7.72% to close at 147.97. Shares of Brown Forman lost 7.30% to end the session at 68.27. Expedia Inc (NASDAQ:EXPE) dropped 6.32% to 90.79. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Prometheus Biosciences Inc, which rose 165.67% to hit 95.80, Transcode Therapeutics Inc, which gained 133.44% to close at 0.98, and also shares of Vor Biopharma Inc, which rose 41.86% to end the session at 6.10. The biggest losers were Ensysce Biosciences Inc, which shed 53.36% to close at 1.04. Shares of Versus Systems Inc lost 46.98% and ended the session at 0.79. Bruush Oral Care Inc Unit fell 46.95% to 0.50. Numbers On the New York Stock Exchange, the number of securities that fell in price (1608) exceeded the number of those that closed in positive territory (1466), while quotes of 134 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,196 companies fell in price, 1,487 rose, and 198 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.30% to 22.68. Gold Gold futures for February delivery added 0.91%, or 16.30, to $1.00 a troy ounce. In other commodities, WTI futures for January delivery fell 2.40%, or 1.78, to $72.47 a barrel. Futures for Brent crude for February delivery fell 2.28%, or 1.81, to $77.54 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair was unchanged 0.38% to 1.05, while USD/JPY fell 0.38% to hit 136.52. Futures on the USD index fell 0.40% to 105.12.   Relevance up to 03:00 2022-12-09 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/304121
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange, 1727 Of Securities Rose In Price

InstaForex Analysis InstaForex Analysis 09.12.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 0.55%, the S&P 500 rose 0.75%, and the NASDAQ Composite rose 1.13%. Dow Jones The leading performer among the components of the Dow Jones index today was Nike Inc, which gained 3.03 points (2.80%) to close at 111.36. Quotes of Cisco Systems Inc rose by 0.81 points (1.68%), closing the auction at 48.99. Boeing Co rose 2.58 points or 1.46% to close at 179.08. The least gainers were Goldman Sachs Group Inc, which shed 1.84 points (0.51%) to end the session at 358.08. American Express Company was up 0.65 points (0.42%) to close at 154.12, while 3M Company was down 0.35 points (0.28%) to close at 126. 00. S&P 500 Leading gainers among the S&P 500 index components in today's trading were SVB Financial Group, which rose 6.89% to 222.64, NVIDIA Corporation, which gained 6.51% to close at 171.69, and shares of Ceridian HCM Holding Inc, which rose 5.05% to end the session at 65.83. The least gainers were Lincoln National Corporation, which shed 10.86% to close at 31.45. Shares of Avery Dennison Corp shed 6.54% to end the session at 179.22. Quotes of Aptiv PLC decreased in price by 4.47% to 93.42. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Pharvaris BV, which rose 356.57% to hit 11.46, Rent the Runway Inc, which gained 74.26% to close at 2.37, and also shares of Qutoutiao Inc, which rose 59.66% to end the session at 0.83. Eiger Biopharmaceuticals Inc was the biggest loser, shedding 69.53% to close at 1.17. Relmada Therapeutics Inc lost 47.84% to end the session at 2.17. Design Therapeutics Inc (NASDAQ:DSGN) was down 33.33% at 8.46. Numbers On the New York Stock Exchange, the number of securities that rose in price (1,727) exceeded the number of those that closed in the red (1,352), while quotes of 123 shares remained virtually unchanged. On the NASDAQ stock exchange, 2154 companies rose in price, 1554 fell, and 218 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 1.72% to 22.29. Gold Gold futures for February delivery added 0.18%, or 3.25, to $1.00 a troy ounce. In other commodities, WTI January futures fell 0.44%, or 0.32, to $71.69 a barrel. Futures for Brent crude for February delivery fell 1.13%, or 0.87, to $76.30 a barrel. Forex Meanwhile, on the Forex market, EUR/USD rose 0.50% to hit 1.06, while USD/JPY edged up 0.01% to hit 136.62. Futures on the USD index fell 0.28% to 104.76. Relevance up to 03:00 2022-12-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/304270
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

On The New York Stock Exchange All Indices Fell In Price

InstaForex Analysis InstaForex Analysis 12.12.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones was down 0.90%, the S&P 500 was down 0.74% and the NASDAQ Composite was down 0.70%. Dow Jones The leading performer among the components of the Dow Jones index today was Walt Disney Company, which gained 0.83 points (0.90%) to close at 93.38. Verizon Communications Inc rose 0.30 points or 0.81% to close at 37.40. Salesforce Inc rose 0.98 points or 0.75% to close at 131.11. The least gainers were Chevron Corp shares, which lost 5.54 points or 3.19% to end the session at 168.00. Amgen Inc was up 2.42% or 6.92 points to close at 278.65 while Walmart Inc was down 2.33% or 3.47 points to close at 145.31.  S&P 500  Leading gainers among the S&P 500 index components in today's trading were Paramount Global Class B, which rose 5.08% to hit 19.02, Tesla Inc, which gained 3.23% to close at 179.05, and also shares of Netflix Inc, which rose 3.14% to close the session at 320.01. The least gainers were were Schlumberger NV, which shed 5.91% to close at 46.97. Shares of Etsy Inc lost 5.74% to end the session at 126.78. Quotes of Halliburton Company decreased in price by 5.33% to 33.01. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were HTG Molecular Diagnostics Inc, which rose 117.57% to hit 0.54, ClearOne Inc, which gained 73.40% to close at 1.40, and also shares of China Jo-Jo Drugstores Inc, which rose 51.20% to end the session at 3.31. Shares of Grom Social Enterprises Inc were the biggest losers, losing 66.28% to close at 1.30. Shares of Autolus Therapeutics Ltd shed 38.13% to end the session at 1.85. Quotes Appreciate Holdings Inc fell in price by 33.43% to 2.73. Numbers On the New York Stock Exchange, the number of securities that fell in price (2143) exceeded the number of those that closed in positive territory (958), while quotes of 98 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,359 companies fell in price, 1,374 rose, and 226 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.42% to 22.83. Gold Gold futures for February delivery added 0.36%, or 6.50, to $1.00 a troy ounce. In other commodities, WTI January futures rose 0.10%, or 0.07, to $71.53 a barrel. Futures for Brent crude for February delivery rose 0.72%, or 0.55, to $76.70 a barrel. Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.25% to 1.05, while USD/JPY was up 0.02% to hit 136.68. Futures on the USD index rose 0.17% to 104.93.     Relevance up to 03:00 2022-12-13 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/304437
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The NASDAQ Stock Exchange 2118 Companies Rose In Price

InstaForex Analysis InstaForex Analysis 14.12.2022 08:05
At the close of the New York Stock Exchange, the Dow Jones rose 0.30%, the S&P 500 index rose 0.73%, the NASDAQ Composite index rose 1.01%. Dow Jones Chevron Corp was the top performer among the components of the Dow Jones index today, up 3.78 points or 2.23% to close at 173.53. Salesforce Inc rose 2.51 points or 1.89% to close at 135.62. Merck & Company Inc rose 1.94 points or 1.78% to close at 110.91. The least gainers were Amgen Inc, which shed 4.52 points or 1.63% to end the session at 272.26. UnitedHealth Group Incorporated was up 1.40% or 7.64 points to close at 538.22, while McDonald's Corporation was down 0.85% or 2.34 points to close at 274. 28. S&P 500 Among the S&P 500 index components gainers in today's trading were Moderna Inc, which rose 19.63% to 197.54, Halliburton Company, which gained 7.87% to close at 37.00, and Match Group Inc, which rose 7.67% to end the session at 46.89. The least gainers were United Airlines Holdings Inc, which shed 6.94% to close at 41.17. Trimble Inc lost 6.38% to end the session at 55.03. Quotes of American Airlines Group decreased in price by 5.21% to 13.46. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were OpGen Inc, which rose 84.80% to hit 0.23, Vincerx Pharma Inc, which gained 60.93% to close at 1.08, and shares of Netcapital Inc, which rose by 58.27%, ending the session at around 2.20. Shares of Quotient Ltd became the leaders of the decline, which decreased in price by 50.01%, closing at 0.34. Shares of Argo Blockchain PLC ADR lost 37.21% and ended the session at 0.43. Quotes of Harpoon Therapeutics Inc decreased in price by 36.87% to 0.89. Numbers On the New York Stock Exchange, the number of securities that rose in price (2162) exceeded the number of those that closed in the red (934), while quotes of 113 stocks remained virtually unchanged. On the NASDAQ stock exchange, 2118 companies rose in price, 1630 fell, and 206 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 9.80% to 22.55. Gold Gold futures for February delivery added 1.65%, or 29.55, to hit $1.00 a troy ounce. In other commodities, WTI crude for January delivery rose 2.95%, or 2.16, to $75.33 a barrel. Futures for Brent crude for February delivery rose 3.33%, or 2.60, to $80.59 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.89% to hit 1.06, while USD/JPY shed 1.48% to hit 135.63. Futures on the USD index fell 1.09% to 103.62 Relevance up to 03:00 2022-12-15 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/304804
At The Close On The New York Stock Exchange Indices Closed Mixed

On The New York Stock Exchange 2,473 Shares Declined More Than The Gain Of 595

InstaForex Analysis InstaForex Analysis 16.12.2022 08:00
At closing bell on the New York Stock Exchange, the Dow Jones fell 2.25 percent to a one-month low, the S&P 500 index shed 2.49 percent and the NASDAQ Composite fell 3.23 percent. Dow Jones The leaders among Dow Jones index components in Thursday trading were shares of Verizon Communications Inc. which gained 0.32p (0.85%) to close at 37.77. Chevron Corp dropped 1.29p (0.75%) to close at 171.04. Walmart Inc shares shed 1.31p (0.89%) to close at 145.36. International Business Machines were the least gainers, with shares falling 7.50p (5.00%) to close the session at 142.36. Shares of Apple Inc soared 6.71p (4.69%) to 136.50, while Intel Corporation dropped 1.11p (3.93%) to 27.15. S&P 500 The gainers among S&P 500 index components in today's trading were Lennar Corporation shares, which gained 3.82% to 94.29, DR Horton Inc. which gained 3.49% to close at 90.45 and Align Technology Inc. which gained 3.15% to close the session at 201.97. Western Digital Corporation shares were the least gainers, dropping 10.10% to close at 32.21. Shares of Nucor Corp lost 9.35% and closed the session at 134.10. Warner Bros Discovery Inc. dropped 8.93 percent to 10.00. NASDAQ The top gainers among NASDAQ Composite index components in today's trading were Core Scientific Inc, which gained 72.00% to 0.43, Imv Inc, which gained 66.55% to close at 3.64, and Scopus Biopharma Inc, which gained 44.85% to close the session at 0.34. Third Harmonic Bio Inc shares were the least gainers, down 78.28% to close at 4.30. Shares of Axcella Health Inc lost 50.78% and closed the session at 0.44. Novavax Inc's stock declined 34.30% to 11.32. Numbers On NYSE, 2,473 shares declined more than the gain of 595, while 113 remained almost flat. On NASDAQ, 2,775 stocks declined, while 961 gained and 197 remained flat. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 7.99% to 22.83. Gold Gold futures for February delivery lost 1.75% or 31.80 to hit $1.00 a troy ounce. In other commodities, WTI crude for January delivery fell 1.37%, or 1.06, to $76.22 a barrel. Futures for Brent crude for February delivery fell 1.58%, or 1.31, to $81.39 a barrel. Forex Meanwhile, in the Forex market, EUR/USD fell 0.53% to hit 1.06, while USD/JPY edged up 1.74% to hit 137.82. Futures on the USD index rose 0.79% to 104.23. Relevance up to 03:00 2022-12-17 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/305167
At The Close On The New York Stock Exchange Indices Closed Mixed

The US Stock Market Finished Trading On The Back Of Negative Dynamics

InstaForex Analysis InstaForex Analysis 19.12.2022 08:07
US stocks closed lower, Dow Jones down 0.85% The US stock market finished trading Friday lower on the back of negative dynamics from the sectors of utilities, consumer goods and oil and gas. Dow Jones At the close of the New York Stock Exchange, the Dow Jones fell 0.85% to a one-month low, the S&P 500 fell 1.11% and the NASDAQ Composite index fell 0.97%. Caterpillar Inc was the top performer among the components of the Dow Jones in today's trading, up 0.89% or 2.06 points to close at 232.72. Boeing Co rose 0.98 points (0.53%) to close at 184.70. Dow Inc rose 0.27 points or 0.55% to close at 49.80. The least gainers were American Express Company shares, which lost 3.92 points or 2.61% to end the session at 146.30. Nike Inc was up 2.36% or 2.56 points to close at 105.95 while McDonald's Corporation was down 2.06% or 5.61 points to close at 266.12.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Adobe Systems Incorporated, which rose 2.99% to 338.54, Meta Platforms Inc, which gained 2.82% to close at 119.43, and also shares of Universal Health Services Inc, which rose 2.49% to close the session at 135.83. The least gainers were shares of Ford Motor Company, which fell 6.98% to close at 12.12. Shares of Moderna Inc shed 6.74% to end the session at 193.29. Quotes of CarMax Inc decreased in price by 6.04% to 61.44. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Cosmos Holdings Inc, which rose 178.91% to hit 23.01, Nanthealth LLC, which gained 98.95% to close at 5.70, and shares of Trean Insurance Group Inc, which rose 91.51% to end the session at 5.97. Shares of Synaptogenix Inc became the least gainers, which decreased in price by 74.63%, closing at 1.20. Shares of Agrify Corp lost 69.87% and ended the session at 0.25. Quotes of Axcella Health Inc decreased in price by 63.08% to 0.16. Numbers On the New York Stock Exchange, the number of securities that fell in price (2161) exceeded the number of those that closed in positive territory (893), and quotes of 105 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,231 companies fell in price, 1,478 rose, and 188 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.92% to 22.62. Gold Gold futures for February delivery added 0.84%, or 15.05, to $1.00 a troy ounce. In other commodities, WTI futures for January delivery fell 2.34%, or 1.78, to $74.33 a barrel. Futures for Brent crude for February delivery fell 2.64%, or 2.14, to $79.07 a barrel. Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.37% to 1.06, while USD/JPY fell 0.78% to hit 136.68. Futures on the USD index rose by 0.23% to 104.44 Relevance up to 03:00 2022-12-20 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/305334
Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

On The New York Stock Exchange, Most Of Securities Fell In Price

InstaForex Analysis InstaForex Analysis 20.12.2022 08:00
At the close on the New York Stock Exchange, the Dow Jones fell 0.49% to a one-month low, the S&P 500 fell 0.90%, and the NASDAQ Composite fell 1.49%.  Dow Jones The leading performer among the Dow Jones index components in today's trading was Walgreens Boots Alliance Inc, which gained 0.27 points (0.69%) to close at 39.32. Chevron Corp rose 1.16 points or 0.69% to close at 169.88. JPMorgan Chase & Co rose 0.77 points or 0.60% to close at 130.06. The least gainers were Walt Disney Company, which shed 4.30 points or 4.77% to end the session at 85.78. Nike Inc was up 2.74% or 2.90 points to close at 103.05, while Home Depot Inc was down 1.86% or 6.01 points to close at 317. 33.  S&P 500  Leading gainers among the S&P 500 index components in today's trading were NRG Energy Inc, which rose 1.58% to 31.54, Wells Fargo & Company, which gained 1.53% to close at 41.82. as well as Quest Diagnostics Incorporated, which rose 1.48% to end the session at 151.45. The least gainers were Warner Bros Discovery Inc, which shed 6.66% to close at 9.25. Shares of Under Armor Inc A shed 6.01% to end the session at 9.54. Quotes of CarMax Inc decreased in price by 5.45% to 58.09. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were Madrigal Pharmaceuticals Inc, which rose 268.07% to hit 234.83, Axcella Health Inc, which gained 165.27% to close at 0.43, and also shares of Soleno Therapeutics Inc, which rose 103.86% to end the session at 1.85. Shares of Cosmos Holdings Inc became the drop leaders, which fell in price by 67.01%, closing at 7.59. Shares of Pingtan Marine Enterprise Ltd shed 11.72% to end the session at 0.58. Quotes of Schmitt Industries Inc decreased in price by 44.88% to 0.46. Numbers On the New York Stock Exchange, the number of securities that fell in price (2222) exceeded the number of those that closed in positive territory (876), while quotes of 90 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,698 companies fell in price, 1,051 rose, and 177 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.93% to 22.41. Gold Gold futures for February delivery lost 0.21%, or 3.85, to hit $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 1.85%, or 1.38, to $75.84 a barrel. Futures for Brent crude for February delivery rose 1.45%, or 1.15, to $80.19 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.21% to 1.06, while USD/JPY rose 0.19% to hit 136.95. Futures on the USD index practically did not change 0.00% to 104.33 Relevance up to 03:00 2022-12-21 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/305503
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

A Positive Close On The New York Stock Exchang, 2414 Securities Rose In Price

InstaForex Analysis InstaForex Analysis 22.12.2022 08:00
At the close of the day on the New York Stock Exchange, the Dow Jones rose 1.60%, the S&P 500 rose 1.49%, the NASDAQ Composite index rose 1.54%. Dow Jones The leading performer among the components of the Dow Jones index today was Nike Inc, which gained 12.57 points or 12.18% to close at 115.78. Quotes Boeing Co rose by 7.71 points (4.09%), ending trading at 196.00. Caterpillar Inc rose 2.80% or 6.59 points to close at 241.73. The leaders of the fall were Walgreens Boots Alliance Inc, which shed 0.93 points or 2.35% to end the session at 38.60. The Walt Disney Company rose 0.10 points (0.11%) to close at 86.92, while McDonald's Corporation rose 0.91 points (0.34%) to close at 268. 16. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Nike Inc, which rose 12.18% to 115.78, APA Corporation, which gained 5.76% to close at 46.67, and Etsy Inc, which rose 5.69% to end the session at 134.33. The leaders of the fall were Host Hotels & Resorts Inc, which shed 6.09% to close at 15.88. Shares of Walgreens Boots Alliance Inc shed 2.35% to end the session at 38.60. Quotes Western Digital Corporation fell in price by 2.18% to 31.38. NASDAQ The top gainers among the components of the NASDAQ Composite in today's trading were Gorilla Technology Group Inc, which rose 69.79% to 4.74, SINTX Technologies Inc, which gained 57.16% to close at 11.74. as well as shares of Rekor Systems Inc, which rose 56.45% to close the session at 0.93. The leaders of the fall were Meiwu Technology Co Ltd, which shed 83.43% to close at 0.32. Shares of Core Scientific Inc lost 75.53% and ended the session at 0.05. Quotes Icecure Medical Ltd fell in price by 46.92% to 1.38. Numbers On the New York Stock Exchange, the number of securities that rose in price (2414) exceeded the number of those that closed in the red (679), while quotes of 99 shares remained virtually unchanged. On the NASDAQ stock exchange, 2469 companies rose in price, 1219 fell, and 186 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 6.56% to 20.07. Gold Gold futures for February delivery lost 0.04%, or 0.65, to hit $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 2.90%, or 2.21, to $78.44 a barrel. Futures for Brent crude for February delivery rose 2.91%, or 2.33, to $82.32 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.08% to 1.06, while USD/JPY was up 0.47% to hit 132.32. Futures on the USD index rose 0.24% to 103.85. Relevance up to 03:00 2022-12-23 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/305885
Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

Thursday Brought Declines At The Close In The New York Stock Exchange

InstaForex Analysis InstaForex Analysis 23.12.2022 08:01
At the close in the New York Stock Exchange, the Dow Jones fell 1.05%, the S&P 500 index fell 1.45%, the NASDAQ Composite index fell 2.18%. Dow Jones The leading gainer among the components of the Dow Jones index today was Verizon Communications Inc, which gained 0.53 points (1.40%) to close at 38.31. Nike Inc rose 0.93 points (0.80%) to close at 116.71. Procter & Gamble Company rose 0.35 points or 0.23% to close at 152.19. The least gainers were Boeing Co shares, which fell 7.75 points or 3.95% to end the session at 188.25. Intel Corporation was up 3.21% or 0.86 points to close at 25.97, while Microsoft Corporation was down 2.55% or 6.24 points to close at 238.19.  S&P 500 Leading gainers among the S&P 500 components today were FedEx Corporation, which rose 3.35% to 175.69, VF Corporation, which gained 2.95% to close at 26.21, and Warner Bros Discovery Inc, which rose 2.10% to end the session at 9.23. The least gainers were shares of Tesla Inc, which decreased in price by 8.88%, closing at 125.35. Shares of Lam Research Corp lost 8.65% and ended the session at 409.11. Quotes of Applied Materials Inc decreased in price by 7.84% to 97.60. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were IsoPlexis Corp, which rose 102.87% to hit 1.40, E-Home Household Service Holdings Ltd, which gained 91.76% to close at 1, 35, as well as Core Scientific Inc, which rose 72.94% to end the session at 0.09. The least gainers were Akso Health Group DRC shares, which were virtually unchanged at 0.00% to close at 0.39. Shares of Dragonfly Energy Holdings Corp lost 40.75% to end the session at 14.86. Quotes Pacifico Acquisition Corp fell in price by 35.06% to 1.13. Numbers On the New York Stock Exchange, the number of securities that fell in price (2,350) exceeded the number that closed on the plus side (735), while 101 stocks were virtually unchanged. On NASDAQ, 2,439 stocks were down, 1,256 were up, and 189 remained flat. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 9.47% to 21.97. Gold Gold futures for February delivery shed 1.41%, or 25.65, to hit $1.00 a troy ounce. In other commodities, WTI crude for February delivery fell 0.03%, or 0.02, to $78.27 a barrel. Brent oil futures for February delivery fell 0.56%, or 0.46, to $81.74 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.09% to 1.06, while USD/JPY fell 0.08% to hit 132.37. Futures on the USD index rose 0.25% to 104.11. Relevance up to 03:00 2022-12-24 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/306064
August CPI Forecast: Modest Inflation Increase Expected Amidst Varied Price Trends

At The Close On The New York Stock Exchange All Indices Fell

InstaForex Analysis InstaForex Analysis 28.12.2022 08:00
At the close on the New York Stock Exchange, the Dow Jones rose 0.11%, the S&P 500 index fell 0.41% and the NASDAQ Composite fell 1.38%.  Dow Jones The gainers among Dow Jones index components in today's trading were shares of Verizon Communications Inc. which gained 0.84p (2.19%) to close at 39.25. Caterpillar Inc. gained 3.27p (1.36%) to close at 243.14. Chevron Corp. gained 2.23 pct (1.26%) to close at 179.63. Shares of the Walt Disney Company were the least gainers, with their price dropping 1.64p (1.86%), ending the session at 86.37. Shares of Apple Inc soared 1.83p (1.39%) to close at 130.03, Goldman Sachs Group Inc dropped 3.54p (1.02%) and closed the session at 341.97.  S&P 500 index The top gainers among the S&P 500 index components in today's trading were shares of Wynn Resorts Limited, which gained 4.47% to 84.33, VF Corporation, which gained 4.18% to close at 27.16, and Las Vegas Sands Corp, which gained 4.17% to close the session at 48.46. Shares of Tesla Inc were the least gainers, down 11.41% to close at 109.10. Moderna Inc shares lost 9.50% and closed the session at 180.17. NVIDIA Corporation shares were down 7.14% to 141.21. NASDAQ  The top gainers among NASDAQ Composite index components in today's trading were shares of Elys Game Technology Corp, which gained 111.91% to 0.37, Lightjump Acquisition Corp, which gained 100.00% to close at 19.00, and shares of Quotient Ltd, which gained 94.74% to close the session at 0.37. The least gainers were shares of Tuesday Morning Corp, which fell 46.12% to close at 0.83. Shares of Mingzhu Logistics Holdings Ltd lost 44.57% and closed the session at 0.97. Lion Group Holding Ltd. was down 36.45 percent to 0.68. Numbers On NYSE the number of securities, which fell in price (1697) exceeded the number of securities, which closed on the plus side (1401). On NASDAQ, 2,517 stocks were down, 1,251 were up, and 139 remained flat. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 3.74% to 21.65. Gold Gold futures for February delivery added 0.98%, or 17.65, to $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 0.16%, or 0.13, to $79.69 a barrel. Futures for Brent crude for March delivery rose 0.43%, or 0.36, to $84.86 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.05% to 1.06, while USD/JPY was up 0.49% to hit 133.51. Futures on the USD index fell 0.12% to 103.89. Relevance up to 03:00 2022-12-29 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/306511
At The Close On The New York Stock Exchange Indices Closed Mixed

On The New York Stock Exchange, The Number Of Securities That Fell Was Much Higher Than Those That Rose

InstaForex Analysis InstaForex Analysis 29.12.2022 08:00
At the close of the New York Stock Exchange, the Dow Jones was down 1.10%, the S&P 500 was down 1.20% and the NASDAQ Composite was down 1.35%. Dow Jones JPMorgan Chase & Co was the top gainer among the components of the Dow Jones in today's trading, up 0.72 points (0.55%) to close at 132.46. Quotes of Goldman Sachs Group Inc fell by 1.10 points (0.32%) to close at 340.87. Johnson & Johnson shed 0.77 points or 0.43% to close at 176.66. Shares of Apple Inc were the least gainers, the price of which fell by 3.99 points (3.07%), ending the session at 126.04. The Walt Disney Company was up 2.55% or 2.20 points to close at 84.17, while Dow Inc was down 2.34% or 1.20 points to close at 49. 99.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Generac Holdings Inc, which rose 5.61% to 96.26, Tesla Inc, which gained 3.31% to close at 112.71, and shares of Illumina Inc, which rose 1.08% to end the session at 190.81. The least gainers were SolarEdge Technologies Inc, which shed 5.87% to close at 275.84. Shares of APA Corporation shed 5.16% to end the session at 45.18. Quotes of Southwest Airlines Company decreased in price by 5.16% to 32.19. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were Kala Pharmaceuticals Inc, which rose 218.37% to hit 12.48, Minerva Surgical Inc, which gained 66.15% to close at 0.27, and also shares of Transcode Therapeutics Inc, which rose 51.82% to end the session at 0.61. The least gainers were Minerva Neurosciences Inc, which shed 39.15% to close at 1.43. Shares of Model Performance Acquisition Corp lost 35.54% to end the session at 8.78. Quotes Lightjump Acquisition Corp fell in price by 37.11% to 11.95. Numbers On the New York Stock Exchange, the number of securities that fell in price (2407) exceeded the number of those that closed in positive territory (717), while quotes of 69 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,412 companies fell in price, 1,348 rose, and 156 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.26% to 22.14. Gold Gold futures for February delivery lost 0.59%, or 10.70, to hit $1.00 a troy ounce. In other commodities, WTI crude for February delivery fell 1.08%, or 0.86, to $78.67 a barrel. Futures for Brent crude for March delivery fell 1.20%, or 1.02, to $83.66 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.24% to 1.06, while USD/JPY edged up 0.72% to hit 134.45. Futures on the USD index rose 0.34% to 104.24.     Relevance up to 03:00 2022-12-30 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/306666
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

At The Close On The New York Stock Exchange All Indices Rose

InstaForex Analysis InstaForex Analysis 30.12.2022 08:01
At the close on the New York Stock Exchange, the Dow Jones rose 1.05%, the S&P 500 index rose 1.75%, the NASDAQ Composite index rose 2.59%. Dow Jones The leading performer among the components of the Dow Jones index today was Walt Disney Company (NYSE:DIS), which gained 3.01 points or 3.58% to close at 87.18. Salesforce Inc rose 4.07 points or 3.17% to close at 132.54. Apple Inc rose 2.83% or 3.57 points to close at 129.61. The least gainers were Walgreens Boots Alliance Inc, which lost 0.11 points (0.29%) to 37.47 by the end of the session. Merck & Company Inc. shares rose 0.26 points (0.23%) to close at 110.82, while Boeing Co rose 0.53 points (0.28%) to close at 188. .91. S&P 500  Leading gainers among the S&P 500 index components in today's trading were SVB Financial Group, which rose 8.40% to 234.63, Tesla Inc, which gained 8.08% to close at 121.82, and shares of Warner Bros Discovery Inc, which rose 6.31% to end the session at 9.43. The least gainers were shares of Cardinal Health Inc, which shed 1.12% to close at 77.72. Shares of CF Industries Holdings Inc shed 0.96% to end the session at 85.51. AmerisourceBergen fell 0.78% to 166.05. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Hoth Therapeutics Inc, which rose 143.64% to hit 10.72, Kala Pharmaceuticals Inc, which gained 99.04% to close at 24.84, and also Palisade Bio Inc (NASDAQ:PALI), which rose 77.90% to close at 3.22. The least gainers were FStar Therapeutics Inc, which shed 40.38% to close at 4.09. Shares of Jasper Therapeutics Inc lost 21.97% to end the session at 0.46. Quotes of Th International Ltd decreased in price by 20.00% to 2.60. Numbers On the New York Stock Exchange, the number of securities that rose in price (2651) exceeded the number of those that closed in the red (450), while quotes of 73 shares remained virtually unchanged. On the NASDAQ stock exchange, 3,095 companies rose in price, 646 fell, and 141 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.16% to 21.44. Gold Gold futures for February delivery added 0.34%, or 6.15, to $1.00 a troy ounce. In other commodities, WTI crude for February delivery fell 0.37%, or 0.29, to $78.67 a barrel. Futures for Brent crude for March delivery fell 0.31%, or 0.26, to $83.73 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.56% to 1.07, while USD/JPY shed 1.12% to hit 132.96. Futures on the USD index fell 0.48% to 103.68. Relevance up to 03:00 2022-12-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/306809
At The Close On The New York Stock Exchange Indices Closed Mixed

At The Close Of The New York Stock Exchange, The NASDAQ Composite Had The Biggest Growth

InstaForex Analysis InstaForex Analysis 09.01.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 2.13%, the S&P 500 rose 2.28%, and the NASDAQ Composite rose 2.56%. Dow Jones The leading performer among the Dow Jones index components in today's trading was Intel Corporation, which gained 1.17 points or 4.25% to close at 28.73. Walgreens Boots Alliance Inc rose 1.42 points or 4.04% to close at 36.61. Dow Inc rose 2.11 points or 3.99% to close at 55.02. The biggest losers were UnitedHealth Group Incorporated, which gained 0.04 points (0.01%) to end the session at 490.00. Home Depot Inc was down 0.65% or 2.06 points to close at 317.53, while Chevron Corp was up 0.75% or 1.32 points to close at 176. 56. S&P 500 The leading performers in the S&P 500 index today were Costco Wholesale Corp, which rose 7.26% to 482.87, Old Dominion Freight Line Inc, which gained 6.83% to close at 300.70. , as well as shares of IDEXX Laboratories Inc, which rose 6.82% to close the session at 447.77. The biggest losers were Baxter International Inc, which shed 7.84% to close at 48.45. Shares of Waters Corporation shed 7.15% to end the session at 322.21. Quotes of Thermo Fisher Scientific Inc decreased in price by 3.94% to 535.00. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Swvl Holdings Corp, which rose 115.36% to hit 0.30, Medavail Holdings Inc, which gained 80.19% to close at 0.56, and also shares of Golden Sun Education Group Ltd, which rose by 77.78%, ending the session at around 2.24. The biggest losers were Fate Therapeutics Inc, which shed 61.45% to close at 4.24. Shares of Nabriva Therapeutics AG shed 44.84% to end the session at 1.30. Quotes of Graphite Bio Inc decreased in price by 39.54% to 1.85. Numbers On the New York Stock Exchange, the number of securities that rose in price (2655) exceeded the number of those that closed in the red (459), while quotes of 79 shares remained virtually unchanged. On the NASDAQ stock exchange, 2689 companies rose in price, 1087 fell, and 190 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 5.92% to 21.13. Gold Gold futures for February delivery added 1.66%, or 30.50, to hit $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 0.14%, or 0.10, to $73.77 a barrel. Futures for Brent crude for March delivery fell 0.14%, or 0.11, to $78.58 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 1.18% to 1.06, while USD/JPY shed 0.99% to hit 132.09. Futures on the USD index fell 1.12% to 103.65.       Relevance up to 03:00 2023-01-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/307765
At The Close On The New York Stock Exchange Indices Closed Mixed

At The Close On The New York Stock Exchange Only The NASDAQ Composite Index Rose

InstaForex Analysis InstaForex Analysis 10.01.2023 08:04
On Thursday this week, investors will be waiting for the publication of data on consumer prices in the US. Analysts believe that annual inflation in the country slowed down to 6.5% in December from 7.1% per annum recorded in November. The statistics may give traders a hint as to what to do next with the US Federal Reserve, whose next two-day meeting will take place on January 31 and February 1. About 77% of analysts expect the regulator's discount rate to increase by 25 basis points to 4.5-4.75%. In addition, as early as this Friday, the largest US banks will report on their financial results for the previous year. At the close on the New York Stock Exchange, the Dow Jones fell 0.34%, the S&P 500 index fell 0.08%, the NASDAQ Composite index rose 0.63%.  Dow Jones The leading performer among the Dow Jones index components today was Salesforce Inc, which gained 6.59 points or 4.69% to close at 147.10. Quotes of Intel Corporation rose by 0.58 points (2.02%), closing trading at 29.31. Goldman Sachs Group Inc rose 4.92 points or 1.41% to close at 353.00. The least gainers were Merck & Company Inc, which shed 4.46 points or 3.88% to end the session at 110.38. Johnson & Johnson rose 2.59% or 4.67 points to close at 175.58 while The Travelers Companies Inc shed 2.45% or 4.75 points to close at 189.12. S&P 500 Leading gainers among the components of the S&P 500 in today's trading were Tesla Inc, which rose 5.93% to 119.77, Norwegian Cruise Line Holdings Ltd, which gained 5.90% to close at 13.81. as well as shares of NVIDIA Corporation, which rose 5.18% to close the session at 156.28. The least gainers were Baxter International Inc, which shed 7.74% to close at 44.70. Shares of Regeneron Pharmaceuticals Inc shed 7.69% to end the session at 680.49. Quotes of Northrop Grumman Corporation decreased in price by 4.99% to 495.41. NASDAQ  The leading gainers among the components of the NASDAQ Composite in today's trading were CinCor Pharma Inc, which rose 143.97% to 28.74, Amryt Pharma Holdings Ltd, which gained 107.29% to close at 14.51. as well as Albireo Pharma Inc, which rose 92.16% to end the session at 43.85. The least gainers were shares of Calithera Biosciences Inc, which shed 81.77% to close at 0.66. Shares of Peak Bio Inc shed 27.27% to end the session at 2.56. Quotes of Cerus Corporation decreased in price by 28.04% to 2.72. Numbers On the New York Stock Exchange, the number of securities that rose in price (1868) exceeded the number of those that closed in the red (1202), while quotes of 102 shares remained practically unchanged. On the NASDAQ stock exchange, 2192 companies rose in price, 1561 fell, and 172 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 3.98% to 21.97. Gold Gold futures for February delivery added 0.33%, or 6.10, to hit $1.00 a troy ounce. In other commodities, WTI crude futures for February delivery rose 1.42%, or 1.05, to $74.82 a barrel. Futures for Brent crude for March delivery rose 1.46%, or 1.15, to $79.72 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.82% to 1.07, while USD/JPY shed 0.19% to hit 131.82. Futures on the USD index fell 0.68% to 102.94. Relevance up to 03:00 2023-01-11 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/307907
US Inflation Rises but Core Inflation Falls to Two-Year Low, All Eyes on ECB Rate Decision on Thursday

The World Bank Cut Its Global Growth Forecast To 1.7%, Copper Continues To Get Support From China’s Reopening

Saxo Bank Saxo Bank 11.01.2023 09:05
Summary:  Despite Powell’s relative silence on policy outlook, there were other Fed and non-Fed speakers that continued to sound hawkish and raising alarms on inflation. Bonds slumped although equities and USD struggled to find direction in pre-US CPI positioning moves. Some optimism seen on European growth outlook while the World Bank still cautious about a global recession. Australia’s November CPI was hotter-than-expected, aiding further gains for the AUD which is underpinned by China’s reopening and policy stimulus.   What’s happening in markets? Nasdaq 100 (NAS100.I) and S&P 500 (US500.I) rise and trade near key technical levels After two Fed speakers reminding markets US rates could rise to over 5%, JPMorgan CEO Jamie Dimon joined the party, saying there’s 50% chance rates could go to 6%, while money managers BlackRock and Fidelity (among others) warned that markets are underestimating the ultimate rate peak. The World Bank slashed growth forecasts in half, saying new adverse shocks could tip the global economy into a recession. It estimates GDP will rise 1.7% this year, (that’s almost half the pace forecast in June). So this sets the stormy tone for the major indices in 2023. That said, JPMorgan's trading desk says there a two-in-three chance Thursday’s inflation data for December (released on US Thursday), could be on the soft side and spark a 1.5-2% S&P500 rally. On Tuesday the major US indices rose in choppy conditions; the Nasdaq 100 (USNAS100.I) rose for the third day, adding 0.9%, edging closer toward its 50 day moving average, the S&P 500 (US500.I) fluctuated around 3,900, which is a possible technical key resistance level. Others signs of caution were see in bonds, as the two-year US Treasury yield rose to 4.25%, the 10-year jumped 9 bps to 3.62%, while gold nudged up, to 8-month highs, $1,881, while the US dollar advanced modestly. Ten of the 11 sectors within the S&P 500 gained on Tuesday, led by communication services, consumer discretionary, and materials. The only sector that declined was consumer staples. US Treasuries (TLT:xnas, IEF:xnas, SHY:xnas) sold off on supply Fed Chair Powell’s speech did not have much impact on Treasuries as he did not discuss U.S. monetary policy specifically and only noted generally “restoring price stability when inflation is high can require measures that are not popular in the short term”. Yields on Treasuries rose as European government bonds sold off on supply from Italy and Belgium and ahead of today’s supply from Germany. Yields on 10-year bunds rose 8bps. Traders also sold Treasuries going into the auction of USD40 billion 3-year Treasury notes, bringing yields to the intraday high right before the auction. The 3-year auction went well with strong demand and saw Treasury yields off their intraday highs afterward. Yields on the 2-year finished the session 4bps higher at 4.25% and those on the 10-year were 9bps cheaper at 3.62%. What should you be watching in equities across APAC? As in what's the big picture with China's reopening and what does it mean to investors? The Australian share market (ASXSP200.I) opened 0.7% higher, with other APAC markets expected to also open most higher. Japan’s futures suggest the Nikkei could rise the most across APAC today. But big picture, we think the most important thing for investor right now, is to consider, that… China’s economic recovery could be the dictator for the course of commodity assets, travel, and property. Not just China tech and consumer spending. China’s pivot away from its Covid Zero stance, led by a sooner-than-expected January 8 lifting of quarantines for cross-border travel, is poised to fast track its international air-transport recovery in 2023. But China’s recovery is not just about travel reviving. Chinese developers have also been seen kicking off recoveries in early 2023, having hit a bottom for contracted sales last year. As China’s economic recovery surges, stocks remain supported and are indeed rallying. A similar trend occurred in 2020 when mainland China reopened after a series of lockdowns following a breakout in Wuhan. But, reflecting on global trends, you’d think China has a better chance of putting Covid behind it this time around… which could support commodities and travel in particular. But, let’s see. Hong Kong’s Hang Seng (HIF3) and China’s CSI300 (03188:xhkg) trod water After a strong first week in the new year, Hong Kong and China stocks trod water on Tuesday. Hang Seng Index edged down 0.3% and CSI300 was nearly flat. Bilibili (09626) fell 4.3% after the company issued ADSs at a 7% discount to buy back convertible bonds. Chinese automakers rallied, especially EV names. Li Auto (02015:xhkg), Nio (09866:xhkg), and XPeng (09868:xhkg) surged each surged over 6%. BYD (01211:xhkg) pared all its initial weaknesses following the news that Berkshire Hathaway had reduced its stake to 13.97% from 14.06% and gained 2.9%. According to its CEO, Li Auto’s Model L7 is gaining market shares from Tesla’s Model 3 and Model Y. BYD reportedly will raise the prices of its EVs, as opposed to Tesla’s price cuts in China. Social media stories speculate that some Chinese cities are going to relax passenger car licensing restrictions in order to boost consumption. Shares of Geely (00175:xhkg) were up 6%, GAC (02238:xhkg) +3.1%, and BAIC (01958:xhkg) up 2.2%. Macao casino operators outperformed with Sands (01928:xhkg) rising 4.8%, MGM (02282:xhkg) up 3.6%, and SJM (00880:xhkg) up 3.1%. In A-shares, automakers, retailing, electric equipment, and beauty care names gained while financial, petrochemical, and steeling makers were among the biggest losers. FX: Dollar range-bound as it eyes the US CPI Lack of data and anu relevant commentary from Fed Chair Powell left the USD struggling to find direction in the pre-CPI trade. EURUSD was the outperformer, with better growth outlook underpinning, but it continued to find resistance at 1.0760. USDJPY is back above 132 amid higher yields, while AUDUSD rose back above 0.69 following the higher-than-expected November CPI. USDCNH also still below 6.7900. The Aussie dollar rallies after hotter than expected CPI and retail data The Aussie dollar rose 0.3% to 0.6911 US, with inflation and retail sales coming in hotter than expected, which shows the RBA has room to keep rising rates, and as such this theoretically supports the AUD. Core or trimmed CPI (which the RBA looks at) rose from 5.3% YoY to 5.6% YoY in November - hotter than 5.5% YoY expected. Retail sales rose 1.4% in November, beating the 0.6% expected, while also importantly showing Aussie retail sales strongly recovered from the October drop in sales. Some traders have a view the Aussie dollar will push up over the medium term, in lieu of China’s reopening notion which is likely to add to Australia’s GDP, with hot sauce coming from China buying Australian coal for the first time in two years. Crude oil (CLG3 & LCOH3) choppy amid China optimism and inventory build Crude oil prices wobbled on Tuesday as the market remained buoyed by optimism of China demand recovery. European session was supported by upbeat Eurozone outlook. Meanwhile, EIA raised its forecast for demand growth in 2023 to 1.05mb/d. However, it also expects US output to rise to meet this demand, with US shale oil providing the bulk of the gains. The API report showed a strong inventory build of 14.9mn barrels in crude as against expectations of a 2.2mn draw, and focus now turns to EIA figures today. WTI futures touched $76/barrel before sliding back below $75, while Brent reversed from $81. Copper continues to march higher Copper continues to get support from China’s reopening and policy support to fuel economic recovery. Gains were further boosted by Chair Powell staying away from a pushback on easing financial conditions, and the weaker USD as a result. Having retraced close to 50% of the 2022 sell off, HG copper is now seeing resistance ahead of $4.08 (LME $8900), potentially opening up some scope for a correction to check the strength of support. Focus in that regard being $3.84, the 200 DMA, the break above which started this latest runup.  Read next: The EUR/USD Pair Is Still Above 1.0700$, The USD/JPY Pair Was Little Changed| FXMAG.COM What to consider? Powell stays away from policy guidance With some expectations that Powell would likely pushback on the easing financial conditions, equity markets celebrated the lack of any clear guidance on policy direction. Fed Chair Powell did not comment on the current US economic or monetary policy outlook in his prepared remarks, only stating that restoring price stability when inflation is high can require measures not popular in the short term. The pushback on market’s rate cut expectations from Kashkari (voter) was more direct, saying that "They are going to lose the game of chicken." Bowman, also a voter, was also relatively hawkish with comments hinting at more work to do on inflation. When a sufficiently restrictive rate level is reached, the Fed needs to hold the policy rate there "for some time". The story is shifting on Europe Softer energy prices, the lack of black-out and resilient hard data (notably in Germany) are pushing forecasters to review their 2023 recession calls. Goldman Sachs is the first international bank to drastically revised upward its growth forecasts, from minus 0.1 % in 2023 to 0.6 %. Said differently, the U.S. based bank does not expect a recession in the eurozone this year anymore. Early Q4 indications are out this Friday with the preliminary 2022 FY growth estimate. This should certainly confirm a milder-then-expected economic downturn. A mild recession (meaning drop in GDP of 0.1 or 0.2 %) is still our baseline this year. But we agree that the economy is surprisingly resilient. We also believe there will be no extreme macro and market events in 2023 – which could be positive from a growth perspective. If the economy performs much better, this will however give ECB policymakers more confidence in hiking rates as laid out in December by Christine Lagarde. World Bank warns of a global recession The World Bank cut its global growth forecast to 1.7% this year, down from an estimate of 3.0% in June. This marks the third weakest pace of global growth in nearly 30 years, overshadowed by only the 2009 and 2020 downturns. Growth estimate for 2024 was also slashed, down to 2.7%, as persistent inflation and high interest rates weigh. Meanwhile, the agency urged for global action to mitigate the risks of a global recession and debt distress. Growth of aggregate financing slowed to 9.6% Y/Y in China while loans to corporate picked up In December, the growth of outstanding aggregate financing, the broad measure of credit in China, decelerated to 9.6% Y/Y from 10.0% Y/Y in November. New aggregate financing declined to RMB1,310 billion in December (below consensus RMB1,850 billion) from RMB1,987 billion in November, dragged by a decline in new bond issuance from local governments and a net bond redemption by corporate. New RMB loans rose to RMB1,400 billion (above consensus RMB1,200 billion) from RMB1,214 billion in November and were also above RMB1,130 billion in December 2021. The growth of RMB loans picked up to 11.1% Y/Y in December from 11.0% in November. The better-than-expected growth in RMB loans was driven by new loans to the corporate sector which rose to RMB1,264 billion in December from RMB884 billion in November and above RMB 662 billion a year ago, as the Chinese authorities had asked banks to extend credits to support the housing market and other key industries. New loans to households came in weak, falling to RMB175 billion in December from RMB263 billion in November and RMB372 billion in December a year ago. The daily number of domestic flights in China rose to over 10,000, the first time since August China’s Lunar New Year travel season started last Saturday 7 January with 9,454 flights or a 2.26% growth from the first day of the same travel season last year. The number of daily flights increased to 10,123 on 8 January, an 13.65% increase from the same period last year and above 10,000 for the first time since August 2022. China suspends short-term visas for visitors from Japan and South Korea In retaliation to travel restrictions imposed on visitors from China, China stops issuing short-term visas for visitors from Japan and South Korea. Restrictions from both sides could be a temporary setback to the trend of the reopening of the Chinese economy but it is likely to be resolved in the near term. Microsoft may invest USD10 billion in OpenAI Microsoft is reportedly in discussion to make an investment of USD 10 billion in Open AI, the creator of AI bot ChatGPT. This would be Microsoft’s second investment, after acquiring a USD1 billion stake in 2019. Microsoft is expected to integrate ChatGPT into the software giant’s search engine.   For a look ahead at markets this week – Read/listen to our Saxo Spotlight. For a global look at markets – tune into our Podcast.   Source: Market Insights Today: Powell’s silence on policy puts the focus back on US CPI – 11 January 2023 | Saxo Group (home.saxo)
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

InstaForex Analysis InstaForex Analysis 12.01.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones was up 0.80%, the S&P 500 was up 1.28% and the NASDAQ Composite was up 1.76%. According to forecasts, annual inflation in the US slowed to 6.5% from 7.1% in November. Analysts note that the expected slowdown in inflation, coupled with an improvement in the situation in supply chains and an easing of covid restrictions in China, creates the basis for optimism in the markets. The publication of the consumer price index is expected on Thursday. Dow Jones The leading performer among the Dow Jones index components in today's trading was Microsoft Corporation, which gained 6.92 points or 3.02% to close at 235.77. Quotes of Home Depot Inc rose by 8.37 points (2.61%), closing the auction at 329.00. Apple Inc rose 2.76 points or 2.11% to close at 133.49. The least gainers were shares of Verizon Communications Inc, which shed 0.77 points or 1.84% to end the session at 41.18. Salesforce Inc was up 1.72% or 2.54 points to close at 144.90, while Procter & Gamble Company was down 0.81% or 1.23 points to close at 150. .66.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Bio-Rad Laboratories Inc, which rose 6.53% to 461.17, Etsy Inc, which gained 6.11% to close at 134.69. as well as SolarEdge Technologies Inc, which rose 5.84% to close the session at 302.15. The least gainer was Teleflex Incorporated, which shed 7.60% to close at 239.77. Shares of DexCom Inc lost 4.26% and ended the session at 106.16. Quotes of Intuitive Surgical Inc decreased in price by 4.20% to 259.96. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Atlis Motor Vehicles Inc, which rose 276.12% to 10.08, Broadwind Energy Inc, which gained 96.90% to close at 4.45. as well as shares of Bed Bath & Beyond Inc, which rose 68.60% to close the session at 3.49. The least gainers were Tantech Holdings Ltd, which shed 28.10% to close at 2.20. Shares of American Virtual Cloud Technologies Inc lost 24.65% to end the session at 1.07. Quotes of Kala Pharmaceuticals Inc decreased in price by 20.27% to 21.00. Numbers On the New York Stock Exchange, the number of securities that rose in price (2,342) exceeded the number of those that closed in the red (728), while quotes of 101 shares remained virtually unchanged. On the NASDAQ stock exchange, 2499 companies rose in price, 1223 fell, and 181 remained at the level of the previous close. Broadwind Energy Inc (NASDAQ:BWEN) rose to a 52-week high, up 96.90% or 2.19 points to end at 4.45. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.48% to 9/21. Gold Gold futures for February delivery added 0.23%, or 4.35, to $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 3.30%, or 2.48, to $77.60 a barrel. Futures for Brent crude for March delivery rose 3.47%, or 2.78, to $82.88 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.21% to 1.08, while USD/JPY rose 0.14% to hit 132.43. Futures on the USD index fell 0.01% to 102.97.     Relevance up to 03:00 2023-01-13 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/308278
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange The Dow Jones Rose 0.64% To Hit A Monthly High

InstaForex Analysis InstaForex Analysis 13.01.2023 08:00
At the close on the New York Stock Exchange, the Dow Jones rose 0.64% to hit a monthly high, the S&P 500 index rose 0.34%, the NASDAQ Composite index rose 0.64%. Dow Jones The leading performer among the components of the Dow Jones index today was Walt Disney Company, which gained 3.48 points or 3.61% to close at 99.81. Salesforce Inc rose 4.70 points or 3.24% to close at 149.60. Boeing Co rose 6.29 points or 3.02% to close at 214.32. Shares of Coca-Cola Co were the leaders of the fall, the price of which fell by 0.80 points (1.29%), ending the session at 61.21. Walgreens Boots Alliance Inc was up 1.24% or 0.46 points to close at 36.66, while Walmart Inc was down 0.90% or 1.32 points to close at 144. 81. S&P 500 The top gainers among the S&P 500 index components in today's trading were American Airlines Group, which gained 9.71% to 16.83, United Airlines Holdings Inc, which gained 7.52% to close at 51.30, and Cognizant Technology Solutions Corp Class A shares, which gained 5.85% to close the session at 65.10. The least gainers were Charles River Laboratories, which shed 5.95% to close at 232.25. Bio-Techne Corp lost 5.14% to end the session at 82.17. Quotes of Illumina Inc decreased in price by 5.05% to 193.75. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Arrival Vault USA Inc, which rose 100.00% to hit 0.54, Akerna Corp, which gained 66.67% to close at 1.65, and also shares of Moxian Inc, which rose by 73.32%, ending the session at around 1.04. The leading gainers were Oramed Pharmaceuticals Inc, which shed 76.46% to close at 2.54. Atlis Motor Vehicles Inc lost 35.32% to end the session at 6.52. Quotes of Universe Pharmaceuticals Inc decreased in price by 25.30% to 0.90. Numbers On the New York Stock Exchange, the number of securities that rose in price (2353) exceeded the number of those that closed in the red (733), while quotes of 91 shares remained virtually unchanged. On the NASDAQ stock exchange, 2633 companies rose in price, 1063 fell, and 181 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 10.72% to 18.83, hitting a new 6-month low. Read next: The USD/JPY Pair Drop To 130, The Aussie Pair Keeps Trading Above 0.69$| FXMAG.COM  Gold Gold futures for February delivery added 1.17%, or 22.05, to $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 1.20%, or 0.93, to $78.34 a barrel. Futures for Brent crude for March delivery rose 1.50%, or 1.24, to $83.91 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.91% to 1.09, while USD/JPY shed 2.43% to hit 129.24. Futures on the USD index fell 0.94% to 101.96.   Relevance up to 03:00 2023-01-14 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/308486
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

The Positive Close In The New York Stock Exchange, All Indices Rose

InstaForex Analysis InstaForex Analysis 16.01.2023 08:00
Also on Friday, the largest US banks published their financial results for the fourth quarter and all of last year. The net profit of all four banking giants decreased in 2022. In this regard, shares of Wells Fargo are depreciating by 3.8%, Bank of America - by 2.8%, JP Morgan - by 1.3%, Citigroup - by 0.8%. At the close in the New York Stock Exchange, the Dow Jones rose 0.33% to hit a monthly high, the S&P 500 index rose 0.40%, the NASDAQ Composite index rose 0.71%. Dow Jones The leading performer among the components of the Dow Jones index today was JPMorgan Chase & Co, which gained 3.52 points or 2.52% to close at 143.01. Quotes of Caterpillar Inc rose by 3.39 points (1.33%), closing the session at 258.46. Apple Inc rose 1.33 points or 1.00% to close at 134.74. The least gainers were UnitedHealth Group Incorporated (NYSE:UNH), which shed 6.10 points or 1.23% to end the session at 489.57. Shares of Intel Corporation rose 0.18 points (0.59%) to close at 30.11, while Walt Disney Company shed 0.41 points (0.41%) to close at 99. 40. S&P 500  Leading gainers among the components of the S&P 500 in today's trading were Illumina Inc, which rose 3.80% to 201.11, Wells Fargo & Company, which gained 3.25% to close at 44.22, and also shares of Stanley Black & Decker Inc, which rose 3.06% to end the session at 88.91. The least gainers were Northrop Grumman Corporation, which shed 5.44% to close at 461.43. Shares of Ford Motor Company lost 5.29% to end the session at 12.72. Quotes of General Motors Company decreased in price by 4.75% to 36.51. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were iPower Inc, which rose 50.42% to hit 0.77, Moxian Inc, which gained 45.21% to close at 1.51, and shares SmileDirectClub Inc, which rose 46.77% to end the session at 0.70. The least gainers were Catalyst Biosciences Inc, which shed 32.69% to close at 0.26. Shares of Bed Bath & Beyond Inc shed 30.15% to end the session at 3.66. Quotes of AGBA Acquisition Ltd decreased in price by 21.52% to 4.12. Numbers On the New York Stock Exchange, the number of securities that rose in price (1848) exceeded the number of those that closed in the red (1178), while quotes of 117 shares remained virtually unchanged. On the NASDAQ stock exchange, 2343 companies rose in price, 1320 fell, and 185 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.55% to 18.35, hitting a new 52-week low. Gold Gold futures for February delivery added 1.25%, or 23.75, to $1.00 a troy ounce. In other commodities, WTI crude for February delivery rose 2.03%, or 1.59, to $79.98 a barrel. Futures for Brent crude for March delivery rose 1.64%, or 1.38, to $85.41 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.12% to 1.08, while USD/JPY fell 1.06% to hit 127.85. Futures on the USD index fell 0.10% to 101.89.   Relevance up to 03:00 2023-01-17 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/308651
At The Close On The New York Stock Exchange Indices Closed Mixed

At The Close On The New York Stock Exchange Indices Closed Mixed

InstaForex Analysis InstaForex Analysis 18.01.2023 08:00
At the close on the New York Stock Exchange, the Dow Jones fell 1.14%, the S&P 500 fell 0.20%, the NASDAQ Composite index rose 0.14%. Dow Jones McDonald's Corporation was the top performer among the components of the Dow Jones index today, up 5.22 points or 1.94% to close at 274.11. Chevron Corp rose 2.93 points or 1.65% to close at 180.49. Apple Inc rose 1.18 points or 0.88% to close at 135.94. The least gainers were Goldman Sachs Group Inc, which shed 24.08 points or 6.44% to end the session at 349.92. The Travelers Companies Inc (NYSE:TRV) was up 4.60% or 8.92 points to close at 185.00 while Verizon Communications Inc was down 2.41% or 1.01 points. and finished trading at 40.85. S&P 500  Leading gainers among the S&P 500 components in today's trading were Tesla Inc, which rose 7.43% to 131.49, Morgan Stanley, which gained 5.91% to close at 97.08, and NVIDIA Corporation, which rose 4.75% to end the session at 177.02. The least gainers were Emerson Electric Company, which shed 6.82% to close at 91.24. Shares of Goldman Sachs Group Inc lost 6.44% to end the session at 349.92. Mohawk Industries Inc lost 6.30% to 111.18. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Celyad SA, which rose 137.80% to hit 1.90, Calyxt Inc, which gained 90.25% to close at 0.35, and Avenue Therapeutics Inc, which rose 63.11% to end the session at 1.99. Shares of Viveve Medical Inc were the least gainers, losing 70.54% to close at 0.26. Shares of Edesa Biotech Inc lost 42.06% to end the session at 1.46. Quotes of Angion Biomedica Corp fell in price by 30.88% to 0.70. Numbers On the New York Stock Exchange, the number of securities that rose in price (1,579) exceeded the number of those that closed in the red (1,484), while quotes of 99 shares remained virtually unchanged. On the NASDAQ stock exchange, 1960 companies rose in price, 1775 fell, and 168 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.67% to 19.36. Gold Gold futures for February delivery lost 0.53%, or 10.25, to hit $1.00 a troy ounce. In other commodities, WTI crude for March delivery rose 1.42%, or 1.14, to $81.25 a barrel. Futures for Brent crude for March delivery rose 2.56%, or 2.16, to $86.62 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.23% to 1.08, while USD/JPY fell 0.28% to hit 128.18. Futures on the USD index rose by 0.18% to 102.13 Relevance up to 03:00 2023-01-19 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/309013
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

The Close Of The New York Stock Exchange Was Red For All Indices

InstaForex Analysis InstaForex Analysis 20.01.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones fell 0.76%, the S&P 500 fell 0.76%, and the NASDAQ Composite index fell 0.96%. Dow Jones UnitedHealth Group Incorporated was the top performer among the components of the Dow Jones index today, up 8.12 points or 1.71% to close at 484.36. Quotes Merck & Company Inc rose by 1.11 points (1.02%), ending trading at 109.90. Chevron Corp rose 1.77 points or 1.00% to close at 179.00. The least gainers were Home Depot Inc, which shed 12.81 points or 3.96% to end the session at 310.88. 3M Company was up 3.52% or 4.32 points to close at 118.43, while American Express Company was down 2.37% or 3.57 points to close at 146. 85. S&P 500 Among the S&P 500 index components gainers in today's trading were Comerica Inc, which rose 5.91% to 69.84, M&T Bank Corp, which gained 5.49% to close at 153.81, and shares of Truist Financial Corp, which rose 4.31% to end the session at 47.71. The least gainers were Enphase Energy Inc, which shed 10.92% to close at 222.97. Shares of SolarEdge Technologies Inc lost 10.32% to end the session at 286.72. Quotes Northern Trust Corporation fell in price by 8.60% to 90.46. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Neurosense Therapeutics Ltd, which rose 76.19% to hit 2.22, Salarius Pharmaceuticals Inc, which gained 52.99% to close at 3.58, and also shares of Cuentas Inc, which rose 40.48% to end the session at 0.59. The least gainers were Jupiter Wellness Inc, which shed 38.81% to close at 0.62. Shares of Aceragen Inc lost 33.33% and ended the session at 5.76. Quotes of SurModics Inc decreased in price by 29.35% to 26.38. Numbers On the New York Stock Exchange, the number of securities that fell in price (1842) exceeded the number of those that closed in positive territory (1204), while quotes of 91 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,337 stocks fell, 1,353 rose, and 190 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.88% to 20.52. Gold Gold futures for February delivery added 1.41%, or 26.90, to $1.00 a troy ounce. In other commodities, WTI crude for March delivery rose 1.22%, or 0.97, to $80.77 a barrel. Futures for Brent crude for March delivery rose 1.51%, or 1.28, to $86.26 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.38% to 1.08, while USD/JPY fell 0.38% to hit 128.38. Futures on the USD index fell 0.28% to 101.82   Relevance up to 03:00 2023-01-21 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/309378
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange More Securities Rose In Prices

InstaForex Analysis InstaForex Analysis 24.01.2023 08:10
At the close of the New York Stock Exchange, the Dow Jones rose 0.76%, the S&P 500 rose 1.19%, and the NASDAQ Composite rose 2.01%. Dow Jones Shares of Intel Corporation led the way among the components of the Dow Jones index today, up 1.05 points or 3.59% to close at 30.27. Salesforce Inc rose 4.62 points or 3.05% to close at 155.87. Apple Inc rose 2.35% or 3.24 points to close at 141.11. The least gainers were Procter & Gamble Company, which shed 1.92 points or 1.34% to end the session at 141.05. Verizon Communications Inc was up 0.93% or 0.37 points to close at 39.63 while Amgen Inc was down 0.86% or 2.27 points to close at 260. 97. S&P 500 Leading gainers among the components of the S&P 500 in today's trading were Advanced Micro Devices Inc, which rose 9.22% to hit 76.53, Western Digital Corporation, which gained 8.66% to close at 41.79. as well as shares of Tesla Inc, which rose 7.74% to end the session at 143.75. The least gainers were Xylem Inc, which shed 7.95% to close at 101.42. Shares of SBA Communications Corp shed 3.55% to end the session at 286.27. Schlumberger NV fell 2.60% to 55.86. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Gbs, which rose 293.13% to hit 1.03, Helbiz Inc, which gained 109.13% to close at 0.43, and VERB TECHNOLOGY COMPANY INC, which rose 69.65% to end the session at 0.39. The least gainers were Catalyst Pharmaceuticals Inc, which shed 29.04% to close at 14.76. Shares of Atlis Motor Vehicles Inc shed 25.11% to end the session at 3.40. Quotes of Ontrak Inc decreased in price by 21.23% to 0.83. Numbers On the New York Stock Exchange, the number of securities that rose in price (2196) exceeded the number of those that closed in the red (841), while quotes of 122 shares remained virtually unchanged. On the NASDAQ stock exchange, 2362 companies rose in price, 1346 fell, and 201 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.20% to 19.81. Commodities Gold futures for February delivery added 0.23%, or 4.35, to hit $1.00 a troy ounce. In other commodities, WTI crude for March delivery rose 0.01%, or 0.01, to $81.65 a barrel. Futures for Brent crude for March delivery rose 0.57%, or 0.50, to $88.13 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.15% to 1.09, while USD/JPY rose 0.84% to hit 130.65. Futures on the USD index rose by 0.01% to 101.79. Relevance up to 04:00 2023-01-25 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/309717
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange Only The Dow Jones Index Rose

InstaForex Analysis InstaForex Analysis 26.01.2023 08:10
At the close on the New York Stock Exchange, the Dow Jones rose 0.03%, the S&P 500 index fell 0.02%, the NASDAQ Composite index fell 0.18%.  Dow Jones The leading performer among the components of the Dow Jones index today was Walt Disney Company, which gained 2.12 points or 2.00% to close at 108.12. McDonald's Corporation rose 3.44 points or 1.28% to close at 273.00. Walgreens Boots Alliance Inc rose 0.38 points or 1.06% to close at 36.28. The least gainers were 3M Company shares, which lost 2.07 points or 1.80% to end the session at 112.93. The Travelers Companies Inc was up 1.30% or 2.51 points to close at 190.74 while Amgen Inc (NASDAQ:AMGN) was down 1.22% or 3.16 points or ended trading at 256.54. S&P 500 Leading gainers among the components of the S&P 500 in today's trading were MarketAxess Holdings Inc, which rose 10.25% to 363.28, Capital One Financial Corporation, which gained 8.99% to close at 116.09. as well as Warner Bros Discovery Inc, which rose 8.59% to end the session at 14.53. The least gainers were Nextera Energy Inc, which shed 8.71% to close at 76.59. Shares of Nasdaq Inc lost 5.85% and ended the session at 58.30. Quotes of Intuitive Surgical Inc decreased in price by 5.50% to 243.80. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were Minerva Surgical Inc, which rose 65.90% to 0.38, Alvarium Tiedemann Holdings Inc, which gained 65.41% to close at 15.40. as well as shares of GeoVax Labs Inc, which rose 58.89% to close the session at 1.11. Shares of Grom Social Enterprises Inc became the leaders of the decline, which fell in price by 35.63%, closing at 2.06. Shares of Helbiz Inc lost 29.76% and ended the session at 0.29. Quotes of Waitr Holdings Inc decreased in price by 27.79% to 0.42. Numbers On the New York Stock Exchange, the number of securities that rose in price (1651) exceeded the number of those that closed in the red (1387), while quotes of 132 shares remained virtually unchanged. On the NASDAQ stock exchange, 1906 companies rose in price, 1745 fell, and 194 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.63% to 19.08. Gold Gold futures for February delivery added 0.60%, or 11.70, to $1.00 a troy ounce. In other commodities, WTI crude for March delivery rose 0.46%, or 0.37, to $80.50 a barrel. Futures for Brent crude for March delivery rose 0.30%, or 0.26, to $86.39 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.28% to 1.09, while USD/JPY fell 0.46% to hit 129.55. Futures on the USD index fell 0.27% to 101.40. Relevance up to 04:00 2023-01-27 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/310098
Pound Slides as Market Reacts Dovishly to Wage Developments

In Europe Investors Reacted Positively To Reports

Jakub Novak Jakub Novak 26.01.2023 14:10
The sharp growth of US tech stocks boosted market sentiment amid optimistic earnings forecasts from electric car maker Tesla Inc. Futures contracts on the Nasdaq 100 index rose by about 0.5%. Tesla jumped more than 8% during premarket trading in New York after beating earnings and sales estimates. Futures on the S&P 500 index added 0.3%, and the industrial Dow Jones gained 0.2%. Europe stocks In Europe, investors reacted positively to reports from Nokia Oyj Telecommunications Group and chipmaker STMicroelectronics NV, which helped the Stoxx 600 index gain more than 0.5%. Although companies are not boasting of high figures they are not disastrous either, which keeps the demand for risky assets, including stocks. The January growth is exaggerated given the recession risks. However, next week's Federal Reserve meeting may confirm that the market and investors were right. China The buoyant market sentiment was also linked to China, where data on holiday and tourism spending showed that the country's recovery is gaining momentum. On the first trading day after the Lunar New Year, the Hang Seng Index jumped by 2.4% and closed at its highest level since March 1, 2022. US GBP Expectations of a soft landing of the US economy and that the Federal Reserve is nearing the end of its rate hike cycle are also pushing investors to buy cheaper assets. US GDP reports for Q4 this year are expected today, as well as employment data, which will help determine the Fed's future policy course. Euro The euro is down slightly, but it is getting continued support from statements by European Central Bank officials, who continue to argue in favor of further significant policy tightening in the coming months. Bond yields in the Eurozone rose by several points. Oil and Bitcoin Oil prices continued to rise amid expectations of a rebound in demand in China. Bitcoin fell by more than 2%, wiping out much of Wednesday's gains. S&P 500 index As for the S&P 500 index, the situation remains on the side of bulls. The index may continue to grow but bulls need to protect the support level of $4,010 as well as take control over $4,038. After that, we may expect a more confident spurt to $4,064. At the same time, it would be difficult to reach above $4,091. If the pair declines and we see weak activity from bulls at $4,010, they will have to protect $3,980 and $3,960. Breaking through this level, the index may be pushed to $3,923.   Relevance up to 12:00 2023-01-27 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/333364
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The NASDAQ Stock Exchange 2,131 Companies Rose In Price

InstaForex Analysis InstaForex Analysis 30.01.2023 08:07
At the close of the New York Stock Exchange, the Dow Jones rose 0.08%, the S&P 500 rose 0.25%, and the NASDAQ Composite rose 0.95%. Dow Jones The leading performer among the components of the Dow Jones index today was American Express Company, which gained 16.43 points or 10.54% to close at 172.31. Visa Inc Class A rose 6.73 points or 3.00% to close at 231.44. Walgreens Boots Alliance Inc rose 0.67 points or 1.84% to close at 37.17. The least gainers were shares of Intel Corporation, which lost 1.93 points or 6.41% to end the session at 28.16. Chevron Corp was up 4.44% or 8.34 points to close at 179.45 while The Travelers Companies Inc was down 1.74% or 3.35 points to close at 188. .76. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Tesla Inc, which rose 10.99% to 177.88, American Express Company, which gained 10.54% to close at 172.31, and shares of L3Harris Technologies Inc, which rose 7.92% to end the session at 212.10. The least gainers were Hasbro Inc, which shed 8.11% to close at 58.61. Shares of KLA Corporation shed 6.85% to end the session at 399.37. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were BuzzFeed Inc, which rose 85.17% to 3.87, Applied UV Inc, which gained 52.88% to close at 1.59, and shares of Lucid Group Inc, which rose 43.00% to end the session at 12.87. The least gainers were Nemaura Medical Inc, which shed 42.31% to close at 1.65. Shares of Jack Creek Investment Corp. lost 33.79% and ended the session at 12.44. Quotes of Akerna Corp fell in price by 31.46% to 1.22. Numbers On the New York Stock Exchange, the number of securities that rose in price (1,738) exceeded the number of those that closed in the red (1,303), while quotes of 114 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,131 companies rose in price, 1,535 declined, and 173 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 1.17% to 18.51. Commodities Gold futures for February delivery lost 0.09%, or 1.80, to hit $1.00 a troy ounce. In other commodities, WTI crude for March delivery fell 1.91%, or 1.55, to $79.46 a barrel. Futures for Brent crude for March delivery fell 1.18%, or 1.03, to $86.44 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.19% to 1.09, while USD/JPY fell 0.30% to hit 129.82. Futures on the USD index rose 0.08% to 101.72.   Relevance up to 04:00 2023-01-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/310476
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

The Close On The New York Stock Exchange Was Positive For All Indices

InstaForex Analysis InstaForex Analysis 01.02.2023 08:22
At the close on the New York Stock Exchange, the Dow Jones rose 1.09%, the S&P 500 index rose 1.46%, the NASDAQ Composite index rose 1.67%. Dow Jones The leading performer among the components of the Dow Jones index today was Home Depot Inc, which gained 9.93 points or 3.16% to close at 324.17. UnitedHealth Group Incorporated rose 13.40 points or 2.76% to close at 499.19. Dow Inc rose 1.40 points or 2.42% to close at 59.35. The least gainers were Caterpillar Inc, which shed 9.21 points or 3.52% to end the session at 252.29. McDonald's Corporation was up 3.49 points (1.29%) to close at 267.40, while International Business Machines was down 0.57 points (0.42%) to close at 134. 73. S&P 500 Leading gainers among the S&P 500 components in today's trading were Smith AO Corporation, which rose 13.72% to 67.73, International Paper, which gained 10.66% to close at 41.82, and shares of PulteGroup Inc, which rose 9.42% to end the session at 56.89. The least gainers were Phillips 66, which shed 5.77% to close at 100.28. Shares of Corning Incorporated shed 4.89% to end the session at 34.61. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were Motorsport Gaming Us LLC, which rose 713.69% to hit 21.40, Mobile Global Esports Inc, which gained 161.93% to close at 2.58 , as well as shares of Atlas Technical Consultants Inc, which rose 121.76% to close the session at 12.13. Shares of Sidus Space Inc were the least gainers, losing 53.94% to close at 0.41. Shares of Nuvve Holding Corp lost 40.43% and ended the session at 1.37. Evoke Pharma Inc lost 29.74% to 4.04. Numbers On the New York Stock Exchange, the number of securities that rose in price (2579) exceeded the number of those that closed in the red (477), while quotes of 90 shares remained virtually unchanged. On the NASDAQ stock exchange, 2824 companies rose in price, 865 fell, and 175 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.76% to 19.39. Gold Gold futures for February delivery added 0.27%, or 5.20, to $1.00 a troy ounce. In other commodities, WTI crude for March delivery rose 1.54%, or 1.20, to $79.10 a barrel. Brent oil futures for April delivery rose 1.28%, or 1.08, to $85.58 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.20% to 1.09, while USD/JPY fell 0.23% to hit 130.15. Futures on the USD index fell 0.19% to 101.89.   Relevance up to 04:00 2023-02-02 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/310903
US Inflation Rises but Core Inflation Falls to Two-Year Low, All Eyes on ECB Rate Decision on Thursday

Essential Factors To Watch For 2023 And Stock Indices Are The Short-Term Bond Yields

Santa Zvaigzne Sproge Santa Zvaigzne Sproge 02.02.2023 14:34
„The future’s so bright, I gotta wear shades”, or about shares and ETFs „The future’s so bright, I gotta wear shades” is the title that, unfortunately, we cannot use to forecast 2023. Although, the new year will have to really work hard to surprise anyone who has lived through the past couple of years. It appears that all investors’ eyes are on China and its success in resuming economic activity. A rebounding China will boost imports of oil, commodities and raw materials while fueling demand for airline tickets, hotel rooms and foreign real estate. „Surely it will push up global inflation if China reopens fully,” says Iris Pang, chief economist for Greater China at ING Group NV. There is a risk that China will act more inflationary in 2023, but this risk seems limited due to the very real likelihood that supply will also improve in many sectors of the economy. Inflation and bond yields are the major risks for 2023 stock indices performance. While a mild recession in 2023 is almost certain, the Fed possibly will slow its rate hikes in case inflation starts to show signs of easing. With slowing growth, wage increases would slow, which, among others, would help stabilize corporate margins. „It’s astonishing,” said Harvard University professor Jeremy Stein, „If you told any one of us a year ago, ‚we’re going to have a bunch of 75 basis-point hikes,’ you’d have said, ‚Are you nuts? You’re going to blow up the financial system.’” Guess what? 75 basis-point hikes are done, and the financial system has not broken – and it is not even near that happening. Stock indices are open to another downward phase (we didn’t have a capitulation yet), but by the end of 2023, they could be back on the upward trend even if the world is in a „mild” recession. Investors should watch the market and remain cautious until the new trend is proven. However, someone may say it might be a good to have some exposure and adjust when your asset allocation gets out of whack. Essential factors to watch for 2023 and stock indices are the short-term bond yields, put/call ratio and bank liquidity. Finally, one should remember that stocks are hostages to the tyranny of round numbers, so it might be good for the support and resistance lines to be always near them. As we move further, let us look at what the companies expect the year 2023 to bring. We have studied the earnings forecasts of all 30 companies that are part of the Dow Jones Industrials index (US30). Read next: Santander Bank Polska Shareholders Can Expect A Solid Dividend, The ETH Liquid Staking Narrative Is Already Going Strong| FXMAG.COM It’s going to be tough at first, and then it’s downhill for the Dow Jones Collecting the data of Q1 2023 earnings per share forecasts, we can see that 12 of the 30 companies in this index (40%) are expected to improve their quarterly earnings, resulting in an 11.7% growth in EPS from Q4 2022 to Q1 2023. The average price-to-future earnings ratio within the index is expected to be 16.8, an improvement compared to the current average P/E ratio within the index of 18.5. The most considerable improvement for the upcoming quarter is forecasted by the aircraft and missile manufacturer Boeing Co., which was the only company within the index to record a loss in Q3 2022. In fact, if we exclude Boeing Co. data from the calculations, the estimated EPS growth in the following quarter diminishes to a meagre 2.00%. The second most substantial growth is forecasted by Goldman Sachs Group Inc., which is also expected to report the highest quarterly EPS (9.99) within the index. The investment bank would be able to boost its earnings by taking advantage of the increasing interest rate environment. Two companies expecting their EPS to decrease in the upcoming quarter are Chevron Corp. and McDonald’s Corp. The cumulative annual earnings figures are similarly presented. Cumulative EPS is calculated by summing annual EPS for all companies within the index, allowing us to evaluate the EPS changes between two periods. However, to compare the full annual periods, we have taken the expected results for the last quarter of 2022. The data show that the anticipated annual EPS increase in 2023 within the index would be 10.37% (6.19% if we exclude Boeing Co. as an outlier). Furthermore, 26 of the 30 companies in the index are likely to report year-on-year earnings growth. These results show that analysts are currently predicting a slowdown at a large proportion of companies in the medium term and a slow improvement by the end of next year. The companies’ employee retention activities and job postings share the same relatively gloomy sentiment for the upcoming year. Good morning, but unfortunately you are fired Last year, all major tech companies announced job cuts – some significant, some smaller. The motivation for companies to reduce the employee count comes from various factors, such as changing business models and a slowing economy. However, the biggest reason for the extensive tech firing in 2022 is the growth opportunities in cloud computing services and online shopping upon Covid-19 pandemic that drove people to organize their lives remotely. For example, due to this change in consumer behavior, Amazon doubled its workforce and had its most profitable period in the two years since the pandemic’s beginning. As the pandemic slowed in most of the world, such companies as Amazon were left with the high costs of rapid expansions, slower sales, and high inflation. Amazon’s growth stalled to the lowest rate in 20 years in mid-2022. During the period between April and September, Amazon laid off around 80,000 people around the world. In November, it announced another 10,000-employee layoff (the number was increased to 20,000 in December) and froze hiring. In total, Amazon’s downsizing amount to approximately 6.6% of its total workforce. While this has been the biggest job layoff in the history of Amazon in absolute terms, Amazon is experienced in managing its workforce amid recessions – it cut 1,500 jobs during the dot-com crash (which at that time was 15% of the staff). Besides large tech companies such as Amazon, Meta and Twitter, also startups – especially those emerging in response to the needs of a pandemic-hit world - and cryptocurrency companies are also feeling the pressure of inflation, the difficulty of raising new funding and, in the case of the latter, falling Bitcoin prices and investor sentiment. According to the Crunchbase database of public and private companies in the United States laying off employees, nearly 400 companies have announced layoffs, from which 21 reported a complete shutdown and 15 more fired 40% to 60% of their workforce. The major layoffs took place in Fintech, Crypto, E-commerce and Social media industries If anyone is wondering whether redundancies continue into 2023, they will (at least at Amazon). It has been confirmed by the company’s CEO Andy Jassy. Although, it is relatively safe to say that the layoffs would continue in 2023 for other tech companies and may spread out to other sectors as well. While the US labour market still shows meager unemployment data, if taking a closer look, it is visible that a considerable part of the hiring takes place in those industries trampled by the pandemic. And the downsizing among Tech companies also seems to become a problem for other sector workers. Among other (potentially more logical) factors is that corporate leaders are just people with a sense of herd unity. Therefore, if their competitors announce layoffs to prepare for the coming recession, they would probably consider doing the same. While it is harder to look for the silver lining in getting fired, it may be an absolute necessity for the company to undergo downsizing as part of a strategic restructuring. Downsizing allows companies to save cash, improve efficiency and, if necessary, survive economic slowdown. Nevertheless, it is crucial to do the due diligence and see what other activities the company is performing in order to optimize its operations – no company has earned billions by simply laying off employees. While cutting jobs is not necessarily bad for the company, the overall market typically perceives it as a negative sign, which is clearly reflected in its stock price. Studies involving 141 companies announcing layoffs between 1979 and 1997 and 1,445 companies announcing layoffs between 1990 and 1998 clearly show that downsizing negatively affects the companies’ stock prices following the news and in the longer period after the announcement. Interestingly, even though the key objective for downsizing typically is cost-cutting and optimization, not all companies achieve reliable results in this field. On the contrary, as a result, companies face the risk of losing valuable employees, may need to rehire some of them at a later stage and is likely to deal with a fall in customer service quality, productivity, and innovation due to demoralized workforce. The bottom line is that companies don’t fire employees if they are expecting a high growth period ahead. It is true whether we speak about one particular company or the market in general. Investors should pay attention to employee retention activities, reasons for necessary downsizing, and how the company expects to handle any negative consequences. Based on current market trends, it is safe to say that further downsizing will continue as we officially enter a recession in 2023. Good to watch ETFs Read the full Yearly Outlook 2023 by Conotoxia here!
Markets under Pressure: Rising Yields, Strong Dollar, and Political Headwinds Weigh on Stocks"

At The Close Of The New York Stock Exchange Only The Dow Jones Was Down

InstaForex Analysis InstaForex Analysis 03.02.2023 08:08
At the close of the New York Stock Exchange, the Dow Jones was down 0.11%, the S&P 500 was up 1.47% and the NASDAQ Composite was up 3.25%. Dow Jones  The leading performer among the Dow Jones index components in today's trading was Microsoft Corporation, which gained 11.85 points or 4.69% to close at 264.60. Quotes of 3M Company rose by 4.43 points (3.82%), closing the trades at the level of 120.29. Intel Corporation rose 1.12 points or 3.85% to close at 30.19. The least gainers were UnitedHealth Group Incorporated, which shed 26.17 points or 5.27% to end the session at 470.83. Merck & Company Inc rose 3.29% or 3.52 points to close at 103.46, while Boeing Co was down 2.52% or 5.41 points to close at 209. ,34. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Align Technology Inc, which rose 27.38% to 359.88, Meta Platforms Inc, which gained 23.28% to close at 188.77, and also shares of WW Grainger Inc, which rose 12.96% to end the session at 675.57. The least gainers were Air Products and Chemicals Inc, which shed 7.11% to close at 295.50. Shares of Schlumberger NV lost 6.12% to end the session at 52.29. Quotes of Aflac Inc decreased in price by 5.98% to 68.90. NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were Gaucho Group Holdings Inc, which rose 339.02% to hit 5.40, Biophytis, which gained 73.13% to close at 0.71, and shares of Innovative Eyewear Inc, which rose 58.17% to end the session at 2.42. Shares of Versus Systems Inc became the leaders of the fall, which decreased in price by 41.60%, closing at 0.97. Shares of Motorsport Gaming Us LLC shed 37.95% to end the session at 22.96. Quotes of VivoPower International PLC decreased in price by 35.66% to 0.64. Numbers On the New York Stock Exchange, the number of securities that rose in price (2101) exceeded the number of those that closed in the red (957), while quotes of 92 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,703 companies rose in price, 979 fell, and 193 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 4.81% to 18.73. Gold Gold futures for April delivery lost 0.85%, or 16.55, to hit $1.00 a troy ounce. In other commodities, WTI crude for March delivery fell 0.72%, or 0.55, to $75.86 a barrel. Brent oil futures for April delivery fell 0.91%, or 0.75, to $82.09 a barrel. Forex Meanwhile, in the Forex market, EUR/USD fell 0.68% to hit 1.09, while USD/JPY shed 0.21% to hit 128.66. Futures on the USD index rose 0.49% to 101.53.   Relevance up to 04:00 2023-02-04 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/311260
The Fear of Strong Jobs: How US Labor Market Resilience Sparks Global Financial Panic

The American Airline Company Is Preparing To Cut Jobs In The Financial Department

InstaForex Analysis InstaForex Analysis 08.02.2023 08:17
Atlanta Federal Reserve Bank (FRB) President Rafael Bostic (he does not have a vote on the Federal Open Market Committee this year) believes the Fed may have to raise its benchmark interest rate higher than previously expected as strong data on the US labor market showed that economic activity in the US is slowing down slightly. Bostic said they would have to do a bit more work, and the Fed would have to raise rates higher than forecasts indicate. The US trade deficit in December 2022 increased by 10.5% to $67.4 billion, the country's Department of Commerce said. According to the revised data, in November, the negative trade balance amounted to $61 billion, and not $61.5 billion, as previously reported. The rate was the lowest since September 2020. Experts, on average, expected growth to $68.5 billion from the previously announced November level. By 17:57 GMT+3, the Dow Jones Industrial Average fell by 101.03 points (0.3%) to 33,789.99 points. The Standard & Poor's 500 fell 8.33 points (0.2%) to 4102.75 points. The Nasdaq Composite lost 7.09 points (0.06%) to 11,880.36 points. Aramark shares are down 11.3%. The U.S. company, which supplies food and special clothing to employees of hotels, universities, hospitals and stadiums, increased its net profit and revenue in the first quarter of fiscal year 2023, with revenue growth exceeding market expectations. Shares of Pinterest Inc. are down 5.8%. Internet service visual bookmarks in the fourth quarter received a net profit and revenue worse than expected. Comcast Corp. shares are down 0.2%. The largest U.S. Internet and cable TV provider continued to cut its stake in Internet news company BuzzFeed Inc. Comcast sold 5.1 million BuzzFeed securities between Feb. 2 and Feb. 6, the media company said in a report. It previously reported that it sold more than 5.7 million shares of BuzzFeed in several transactions between Jan. 30 and Feb. 1. Shares of Bed Bath & Beyond Inc. fall by 41.6% after taking off by 92% in previous trading. The American retailer managed to enlist the support of investors, which allowed it to avoid declaring bankruptcy, Bloomberg reports citing informed sources. Papers Centene Corp. down 1.8%. The health insurance and maintenance company ended the fourth quarter with a net loss, but improved its full-year revenue guidance. Share price of DuPont de Nemours Inc. grows by 6.7%. The American chemical company reported a decline in net profit and revenue in the fourth quarter of 2022, although adjusted profit and revenue beat market expectations. Papers Boeing Co. rise in price by 1%. The American airline company is preparing to cut jobs in the financial department and the personnel management service in 2023. It is expected that the cuts will amount to about 2 thousand jobs, mainly in the field of finance and HR.   Relevance up to 04:00 2023-02-09 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/311785
Markets under Pressure: Rising Yields, Strong Dollar, and Political Headwinds Weigh on Stocks"

On The New York Stock Exchange Indices Recorded Losses

InstaForex Analysis InstaForex Analysis 09.02.2023 08:11
As of 20:05 GMT+3, the Dow Jones Industrial Average was down 58.20 points, or 0.17%, to 34,098.49 points, the S&P 500 lost 21.61 points, or 0.52%, to 4142. 39 points, and the Nasdaq Composite - 109.91 points, or 0.91%, to 12,003.88 points. eBay shares are down 0.6% in trading. The day before, the world's largest online auction announced its intention to reduce the global staff by about 4%, laying off about 500 people. Capri Holdings Ltd., which owns fashion brands Michael Kors, Jimmy Choo and Versace, plunged 24% amid weak quarterly earnings and company guidance. US restaurant chain Chipotle Mexican Grill was down 4%. The company increased net profit in the 4th quarter of 2022 by 1.7 times, however, adjusted profit and revenue fell short of analysts' expectations. Uber Technologies rose 2.5%. The taxi and food delivery service company saw a nearly 1.5x increase in revenue in the 4th quarter of 2022 thanks to an increase in orders. Uber's first-quarter guidance beat market expectations. The price of Coty Inc. papers. fell by 3.5%. The cosmetics and perfumery manufacturer's net profit in the 2nd financial quarter grew by 22%, the company's revenue decreased by 3.5%, but exceeded market expectations. In addition, Coty has improved its FY2023 adjusted earnings guidance. CVS Health Corp. share price increased by 4%. The pharmacy chain operator's fourth-quarter revenue rose 9.5% to $83.85 billion, well above the market's consensus forecast of $76.32 billion. CVS also announced the purchase of Oak Street Health Inc., which operates a network of primary care centers for Medicare users, for $10.6 billion. Oak Street rose 4.1%. Fed chief Jerome Powell, who attended an Economic Club of Washington event the day before, said he expects a significant slowdown in US inflation in 2023. At the same time, he noted that the continued stability of the US labor market may serve as a basis for further rate hikes by the Fed. At the same time, Powell said that it is necessary to continue raising rates, and it will also be necessary to maintain a restrictive policy for some time. Saxo Bank A/S Head of Equity Strategies Peter Garnry noted that due to the slowdown in commodity inflation, the growth in consumer prices in the service sector is more stable. This factor may contribute to a longer-than-expected inflation. Wednesday is scheduled to feature New York Federal Reserve Bank (FRB) Governor John Williams, Fed Board members Lisa Cook and Christopher Waller, Fed Vice Chair Michael Barr, and Atlanta and Minneapolis Fed leaders Rafael Bostic and Neil Kashkari. Traders are also evaluating the statement of US President Joe Biden, who proposed to increase by 4 times - up to 4% tax on the repurchase of shares by companies. This, according to Biden, should push the business to increase investment in further development.      Relevance up to 04:00 2023-02-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/311991
Tokyo Inflation Slows: Impact on JPY and USD/JPY

Positive Earnings Have A Beneficial Effect On The US Stock Market

InstaForex Analysis InstaForex Analysis 10.02.2023 08:04
At the same time, traders note that the market has recently been trading within fairly narrow boundaries. So, this month the S&P 500 did not rise above 4200 points and did not fall below 4000 points, according to MarketWatch. Saxo Bank's head of equity strategy Peter Garnry suggested that the market is moving into a tighter range in anticipation of new information from which it will be possible to decide whether to continue the uptrend or turn down. The number of Americans who applied for unemployment benefits for the first time increased by 13,000 last week to 196,000, according to a report from the US Department of Labor. Analysts polled by Bloomberg predicted an average increase in the number of applications to 190,000. Dow Jones Industrial Average by 18:00 GMT + 3 increased by 0.65% and amounted to 34169.97 points. Leading gainers among the index components include Walt Disney, as well as Salesforce Inc., which rose 2.9%, Microsoft Corp. - by 1.8% and Intel Corp. - by 1.3%. The value of the Standard & Poor's 500 by this time increased by 0.6% - up to 4144.06 points. The Nasdaq Composite index has risen 0.9% since the market opened and reached 12021.51 points. Read next: Credit Suisse Reported Its Biggest Annual Loss Since The 2008, Ukrainian President Is Asking For Help And More Weapons In Brussels| FXMAG.COM   Walt Disney Co. share price increased by 4.5% in early trading. The world's largest entertainment and media company increased its net profit and revenue in the first quarter (October-December), largely due to strong performance in the amusement parks segment. The head of the company, Bob Iger, announced a reorganization of the business, which includes cutting costs by $5.5 billion a year and laying off about 7,000 people. He also promised to resume at the end of this year the payment of dividends suspended during the coronavirus pandemic. PepsiCo Inc. increased revenue in October-December by 10.9%, increased dividends by 10%. Shares of one of the world's largest producers of soft drinks are growing by 1.7%. Hilton Worldwide Holdings rose 2.5%. The hotel chain more than doubled its fourth-quarter net income, with its adjusted figure and revenue beating analysts' expectations. Cost of Kellogg Co. rises by 1.2%. The breakfast cereal and snack maker posted a net loss in the fourth quarter, but it was driven by write-downs related to the company's spin-off plan. At the same time, profit excluding one-time factors exceeded the forecasts of experts.     search   g_translate       Relevance up to 04:00 2023-02-11 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/312167
Markets under Pressure: Rising Yields, Strong Dollar, and Political Headwinds Weigh on Stocks"

Technology Companies Are The Leaders Of The Fall

InstaForex Analysis InstaForex Analysis 13.02.2023 08:00
Technology companies are the leaders of the fall on Friday, which is due to disappointing reports for investors. US consumer price data will be released on Tuesday. Analysts believe that annual inflation in the country slowed down to 6.2% in January from 6.5% a month earlier. On Friday, the US macro statistics were also published. Thus, the consumer sentiment index of the University of Michigan, which reflects the degree of household confidence in the US economy, according to preliminary estimates, increased to 66.4 points in February from 64.9 points in January, while an increase to 65 points was predicted. Dow Jones Industrial Average by 17:47 GMT +3 decreased by 0.16% and amounted to 32645.72 points. Leading losses among the components of the index included Salesforce Inc., down 3.9%, Walt Disney Co. down 1.6% and JPMorgan Chase & Co. - by 1.1%. The value of the Standard & Poor's 500 from the opening of the market fell by 0.27% - to 4070.35 points. The Nasdaq Composite fell 0.7% to 11,706.76. Taxi booking service Lyft Inc. in October-December received record revenue for the second quarter in a row, but the company's forecast fell short of expectations. The share price at the beginning of trading collapsed by more than 35%. Read next: UK Economy Suggest That Inflation Will Drop| FXMAG.COM Expedia Group's value is down 6.2%. Online travel holding in the fourth quarter reduced its net profit by 2.3 times, while the adjusted figure, as well as revenue fell short of analysts' expectations. Shares of Newell Brands lose 5.8%. The consumer goods maker posted a net loss in October-December and reduced revenue, as well as a weak outlook for the current quarter. Share price of Apple Inc. drops 0.7%, Intel Corp. - by 0.9%, Microsoft Corp. - by 0.8%, Tesla - by 2.7%, Boeing Co. - by 0.2%. At the same time, PayPal Holdings rose 3.5%. The payment system increased its net profit in the fourth quarter by 15%, revenue - by 7%. In addition, the company announced that its chief executive officer, Dan Schulman, intends to leave his post on December 31, 2023. However, he will remain on the board of directors of PayPal. Yelp Inc. online review service. reduced net income by 13% in the last quarter, while revenue grew by a similar amount and exceeded forecasts. Quotes of the company's shares jumped by 7.4%.   Relevance up to 03:00 2023-02-14 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. Read more: https://www.instaforex.eu/forex_analysis/312325
The Fear of Strong Jobs: How US Labor Market Resilience Sparks Global Financial Panic

On The New York Stock Exchange Only NASDAQ Composite Index Rose

InstaForex Analysis InstaForex Analysis 15.02.2023 08:00
Traders are evaluating consumer price statistics that were released prior to the opening of trading. Thus, annual inflation in January slowed down to 6.4% from 6.5% a month earlier. Analysts had forecast the figure at 6.2%. On a monthly basis, consumer prices rose 0.5% in January. Dow Jones At the close in the New York Stock Exchange, the Dow Jones fell 0.46%, the S&P 500 index fell 0.03%, the NASDAQ Composite index rose 0.57%. The leading gainer among the Dow Jones index components today was Boeing Co, which gained 2.80 points or 1.30% to close at 218.45. Nike Inc rose 1.05 points (0.84%) to close at 126.20. Chevron Corp rose 1.31 points or 0.77% to close at 172.32. The least gainers were The Travelers Companies Inc, which shed 3.47 points or 1.85% to end the session at 184.13. Coca-Cola Co rose 1.67% or 1.01 points to close at 59.59, while Home Depot Inc shed 1.58% or 5.10 points to close at 318.43. S&P 500  Leading gainers among the S&P 500 index components in today's trading were IPG Photonics Corporation, which rose 11.56% to 125.55, Tesla Inc, which gained 7.51% to close at 209.25, and shares of Aptiv PLC, which rose 7.37% to end the session at 121.10. Leidos Holdings Inc were the least gainers, shedding 5.42% to close at 95.25. Shares of Marsh & McLennan Companies Inc shed 4.02% to end the session at 167.00. Arthur J Gallagher & Co lost 3.57% to 188.25. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Amesite Operating Co, which rose 81.62% to hit 0.51, Boxlight Corp Class A, which gained 39.47% to close at 0.56. as well as shares of United Insurance Holdings Corp, which rose 37.27% to close the session at 1.51. Top Ships Inc was the least gainer, shedding 44.85% to close at 0.91. Shares of Mobiquity Technologies Inc lost 32.77% and ended the session at 0.35. Quotes Pathfinder Acquisition Corp fell in price by 31.61% to 4.24. Numbers On the New York Stock Exchange, the number of depreciated securities (1581) exceeded the number of closed in positive territory (1446), while quotes of 111 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,952 stocks fell, 1,691 rose, and 217 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 7.03% to 18.91. Gold Gold futures for April delivery added 0.11%, or 2.05, to $1.00 a troy ounce. In other commodities, WTI crude for March delivery fell 1.27%, or 1.02, to $79.12 a barrel. Brent oil futures for April delivery fell 1.14%, or 0.99, to $85.62 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.16% to 1.07, while USD/JPY rose 0.49% to hit 133.05. Futures on the USD index fell 0.10% to 103.14.   Relevance up to 16:00 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/335111
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

At The Close On The New York Stock Exchange Only The Dow Jones Rose

InstaForex Analysis InstaForex Analysis 20.02.2023 08:00
At the close on the New York Stock Exchange, the Dow Jones rose 0.39%, the S&P 500 index fell 0.28%, and the NASDAQ Composite index fell 0.58%.  Dow Jones Merck & Company Inc was the top gainer among the components of the Dow Jones in today's trading, up 3.01 points (2.83%) to close at 109.52. Amgen Inc rose 6.31 points or 2.69% to close at 240.53. UnitedHealth Group Incorporated rose 11.73 points or 2.41% to close at 499.08. The least gainers were shares of Chevron Corp, which lost 3.72 points or 2.23% to end the session at 162.85. Intel Corporation was up 2.09% or 0.59 points to close at 27.61, while Salesforce Inc was down 1.75% or 2.94 points to close at 165.17.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Deere & Company, which rose 7.53% to 433.31, Bio-Rad Laboratories Inc, which gained 5.99% to close at 483.23 , as well as shares of Organon & Co, which rose 4.60% to close the session at 26.02. The least gainers were Albemarle Corp, which shed 9.67% to close at 258.00. Shares of Hess Corporation shed 5.73% to end the session at 135.52. Quotes of Halliburton Company decreased in price by 5.39% to 36.50. NASDAQ The leading gainers among the components of the NASDAQ Composite in today's trading were OKYO Pharma Ltd ADR, which rose 62.96% to 3.74, Pathfinder Acquisition Corp, which gained 46.56% to close at 4.69. as well as shares of Apexigen Inc, which rose 44.21% to close the session at 1.37. The least gainers were shares of Arqit Quantum Inc, which shed 42.09% to close at 1.47. Shares of Universal Electronics Inc lost 33.01% and ended the session at 16.38. Quotes Mountain Crest Acquisition Corp III fell in price by 32.72% to 4.97. Numbers On the New York Stock Exchange, the number of securities that fell in price (1689) exceeded the number of those that closed in positive territory (1288), while quotes of 111 shares remained virtually unchanged. On the NASDAQ stock exchange, 1914 companies rose in price, 1686 fell, and 217 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.74% to 20.02. Gold Gold futures for April delivery added 0.00%, or 0.05, to $1.00 a troy ounce. In other commodities, WTI crude for March delivery fell 2.75%, or 2.16, to $76.33 a barrel. Brent oil futures for April delivery fell 2.55%, or 2.17, to $82.97 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.25% to 1.07, while USD/JPY rose 0.18% to hit 134.18. Futures on the USD index rose 0.01% to 103.81.   Relevance up to 03:00 2023-02-21 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/313259
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

On The New York Stock Exchange, 2689 Of Securities Fell In Price

InstaForex Analysis InstaForex Analysis 22.02.2023 08:02
Experts note that against the backdrop of the latest macroeconomic statistics for the country, in particular on the labor market and inflation, traders rejected the expectations of the Fed's policy easing, which have recently contributed to the rally in the markets. The next meeting of the US Federal Reserve will be held on March 21-22. According to CME Group, 76% of analysts expect the regulator to raise the discount rate by 25 basis points, to 4.75-5%. It also follows from these data that the proportion of those who expect a 50 basis point increase has recently increased. At the close in the New York Stock Exchange, the Dow Jones fell 2.06% to a one-month low, the S&P 500 fell 2.00%, and the NASDAQ Composite fell 2.50%. Dow Jones Walmart Inc was the top performer among the components of the Dow Jones index today, up 0.89 points (0.61%) to close at 147.33. Procter & Gamble Company fell 0.10 points or 0.07% to close at 139.91. The Travelers Companies Inc shed 0.50 points or 0.27% to close at 185.25. The least gainers were Home Depot Inc, which shed 22.45 points or 7.06% to end the session at 295.50. Intel Corporation was up 5.61% or 1.55 points to close at 26.06, while 3M Company was down 3.31% or 3.74 points to close at 109.25 . S&P 500  The leading gainers among the S&P 500 index components in today's trading were General Mills Inc, which rose 4.42% to 80.16, Organon & Co, which gained 3.94% to close at 27.05, and also shares of Molson Coors Brewing Co Class B, which rose 3.13% to end the session at 53.65. The least gainers were Generac Holdings Inc, which shed 8.72% to close at 115.72. Shares of DISH Network Corporation shed 8.62% to end the session at 12.93. Home Depot Inc lost 7.06% to 295.50. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Atlas Lithium Corp, which rose 51.52% to hit 10.94, Meihua International Medical Technologies Co Ltd, which gained 49.94% to close at 39. 00, as well as Arbe Robotics Ltd, which rose 47.13% to end the session at 6.40. The least gainers were CVRx Inc, which shed 58.84% to close at 7.08. Shares of Aileron Therapeutics Inc lost 37.77% to end the session at 1.46. Quotes of TC BioPharm Holdings PLC decreased in price by 32.62% to 5.02. Numbers On the New York Stock Exchange, the number of securities that fell in price (2689) exceeded the number of those that closed in positive territory (382), while quotes of 57 shares remained virtually unchanged. On the NASDAQ stock exchange, 3,017 companies fell in price, 697 rose, and 149 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 7.72% to 22.87, hitting a new monthly high. Gold Gold futures for April delivery lost 0.35%, or 6.45, to hit $1.00 a troy ounce. In other commodities, WTI April futures fell 0.50%, or 0.38, to $76.17 a barrel. Brent crude for April delivery fell 1.47%, or 1.24, to $82.83 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.34% to 1.06, while USD/JPY advanced 0.56% to hit 134.99. Futures on the USD index rose 0.34% to 104.14.   Relevance up to 03:00 2023-02-23 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/313561
Taming the Dollar: Assessing Powell's Hawkish Tone Amidst BRICS Expansion

US Stocks Market: Dow Jones Fell 1.02% To A One-Month Low

InstaForex Analysis InstaForex Analysis 27.02.2023 08:00
Earlier on Friday, it became known that the income of the US population in January rose by 0.6% compared to December, while consumer spending increased by 1.8% in monthly terms. At the same time, analysts had expected revenue growth of 1% and cost growth of 1.3%. The University of Michigan Consumer Sentiment Index was also released, reflecting the degree of household confidence in the US economy. Thus, the University of Michigan (Michigan Consumer Sentiment Index), the index in February increased to 67 points from 64.9 points in January, with an initial estimate of 66.4 points. At the close on the New York Stock Exchange, the Dow Jones fell 1.02% to a one-month low, the S&P 500 index fell 1.05%, and the NASDAQ Composite index fell 1.69%. Dow Jones Dow Inc was the top gainer among the components of the Dow Jones in today's trading, up 0.60 points (1.05%) to close at 57.79. JPMorgan Chase & Co rose 0.90% or 1.26 points to close at 140.93. Verizon Communications Inc rose 0.21 points or 0.55% to close at 38.74. The least gainers were Boeing Co, which shed 9.98 points or 4.80% to end the session at 198.15. Microsoft Corporation was up 2.18% or 5.55 points to close at 249.22, while Intel Corporation was down 1.84% or 0.47 points to close at 25.14.  S&P 500 Leading gainers among the S&P 500 index components in today's trading were Linde PLC, which rose 4.75% to 347.64, Edison International, which gained 4.21% to close at 68.63, and Coterra Energy Inc, which rose 3.61% to end the session at 25.56. The biggest gainer was Autodesk Inc, which shed 12.95% to close at 192.53. Shares of Live Nation Entertainment Inc shed 10.08% to end the session at 68.78. Quotes of Adobe Systems Incorporated decreased in price by 7.63% to 320.54.  NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Bridger Aerospace Group Holdings Inc, which rose 78.73% to hit 7.90, Cyren Ltd, which gained 61.90% to close at 0.34. as well as Connexa Sports Technologies Inc, which rose 49.43% to end the session at 0.21. The least gainers were Fulcrum Therapeutics Inc, which shed 56.09% to close at 5.66. Shares of Sellas Life Sciences Group Inc lost 53.66% to end the session at 1.71. Quotes of ObsEva SA decreased in price by 50.77% to 0.08. Numbers On the New York Stock Exchange, the number of securities that fell in price (2,150) exceeded the number of those that closed in positive territory (867), while quotes of 88 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,731 stocks fell, 914 rose, and 169 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 2.51% to 21.67. Gold Gold futures for April delivery shed 0.47%, or 8.55, to hit $1.00 a troy ounce. In other commodities, WTI crude for April delivery rose 1.53%, or 1.15, to $76.54 a barrel. Brent futures for April delivery rose 1.34%, or 1.10, to $83.31 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.43% to 1.05, while USD/JPY rose 1.28% to hit 136.43. Futures on the USD index rose 0.61% to 105.17.     Relevance up to 03:00 2023-02-28 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/314036
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

At The Close Of The New York Stock Exchange All Indices Gained

InstaForex Analysis InstaForex Analysis 28.02.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 0.22%, the S&P 500 gained 0.31% and the NASDAQ Composite rose 0.63%. Investors remain wary of more hawkish action from the US Fed amid high inflation, which recent data showed is slowing down at a slower-than-expected pace. Dow Jones Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 3.81 points or 1.61% to close at 239.98. Quotes of Boeing Co rose by 2.31 points (1.17%), ending trading at 200.46. JPMorgan Chase & Co rose 1.23 points or 0.87% to close at 142.16. The least gainers were Walgreens Boots Alliance Inc, which shed 0.41 points or 1.15% to end the session at 35.39. Intel Corporation was up 0.95% or 0.24 points to close at 24.90, while Walmart Inc was down 0.72% or 1.03 points to close at 141.44.  S&P 500  Leading gainers among the S&P 500 index components in today's trading were Union Pacific Corporation, which rose 10.09% to 212.17, Enphase Energy Inc, which gained 5.94% to close at 210.78, and also shares of SolarEdge Technologies Inc, which rose 5.89% to end the session at 313.63. The least gainers were DISH Network Corporation, which shed 8.06% to close at 12.20. Shares of Lumen Technologies Inc shed 4.49% to end the session at 3.40. Quotes of Charles Schwab Corp fell in price by 3.37% to 77.88. NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were Lucira Health Inc, which rose 264.29% to hit 0.51, ContraFect Corp, which gained 52.90% to close at 4.74, and shares of Blackboxstocks Inc, which rose 47.27% to end the session at 0.81. The least gainers were Mount Rainier Acquisition Corp, which shed 46.22% to close at 5.05. Shares of Smith Micro Software Inc lost 36.40% to end the session at 1.59. Quotes of Apexigen Inc decreased in price by 33.22% to 0.87. Numbers On the New York Stock Exchange, the number of securities that rose in price (1813) exceeded the number of those that closed in the red (1217), and quotes of 95 shares remained practically unchanged. On the NASDAQ stock exchange, 2042 companies rose in price, 1656 fell, and 197 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.32% to 20.95. Gold Gold futures for April delivery added 0.39%, or 7.05, to hit $1.00 a troy ounce. In other commodities, WTI April futures fell 0.72%, or 0.55, to $75.77 a barrel. Futures for Brent crude for May delivery fell 0.86%, or 0.71, to $82.11 a barrel. Forex Meanwhile, on the Forex market, EUR/USD rose 0.59% to hit 1.06, while USD/JPY shed 0.17% to hit 136.23. Futures on the USD index fell 0.52% to 104.61   Relevance up to 03:00 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/314214
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

On The New York Stock Exchange Only One Index Rose (Dow Jones)

InstaForex Analysis InstaForex Analysis 02.03.2023 08:02
The main reason for the pessimism of investors is the risks associated with the future actions of the global central banks. Against the backdrop of the persistent high inflation, traders are waiting for toughening the monetary policy of regulators and further raising rates. Traiders also evaluate statistics on the country on Wednesday. The USA Manuapacturn Industry Index in February increased to 47.7% from the January 47.4%. The indicator was predicted at 48%. At the time of closing on the New York Stock Exchange, Dow Jones rose 0.02%, the S&P 500 index dropped by 0.47%, the NASDAQ Composite index fell by 0.66%. Dow Jones The leaders among Dow Jones index components in today's trading were Caterpillar Inc. shares, which gained 9.12p (3.81%) to close at 248.67. 3M Company gained 2.47p (2.29%) to close at 110.21. Salesforce Inc. gained 3.74p (2.29%) to close at 167.35. The least gainers were the Home Depot Inc shares, the price of which fell by 5.75 p. (1.94%), completing the session at the mark of 290.79. Apple Inc shares rose 2.10 p. (1.42%), closed at 145.31, and Walmart Inc decreased in price by 1.98 p. (1.39%) and completed the auction at the mark of 140.15 . S&P 500  The leaders in growth among components of the S&P 500 index in today's trading were shares of Valero Energy Corporation, which gained 5.74% to 139.29, Freeport-McMoran Copper & Gold Inc, which gained 4.95% to close at 43.00, and shares of Phillips 66, which gained 4.56% to close the session at 107.24. The least gainers were the Lowe's Companies Inc shares, which decreased in price by 5.56%, closing at the mark of 194.31. Lumen Technologies Inc shares lost 5.00% and completed the session at 3.23. The Alexandria Real Estate Equites Inc quotes decreased in price by 4.59% to the mark of 142.91. Nasdaq In the growth leaders, among the components of the Nasdaq Composite index, according to the results of today's trading, there were Arcadia Biosciences Inc shares, which went up 1.00% to 8.60, Reata Pharmaceuticals Inc, which scored 198.91%, closing at 93.17, and Also, the Cardio Diagnostics Holdings Inc shares, which increased by 91.30%, completing the session at 6.60. The least gainers became the Performance Shipping Inc shares, which decreased in price by 56.88%, closed at 1.16. The shares of China Jo-Jo Drugstores Inc lost 47.45% and completed the session at the level of 3.92. Xometry Inc quotes decreased in price by 39.49% to 18.40. Numbers On the New York Stock Exchange, the number of cheaper papers (1634) exceeded the number of closed in the plus (1395), and the quotes of 111 shares practically did not change. On the NASDAQ Stock Exchange, 2055 companies fell in price, 1578 grew, and 188 remained at the level of the previous closure. The CBOE VOLATILITY INDEX volatility index, which is formed on the basis of options for the Office Trade on S&P 500, fell by 0.58% to the mark of 20.58. Gold Futures for gold futures with a supply in April added 0.43%, or 7.85, reaching $ 1.00 for a troika ounce. As for other goods, the prices for WTI oil futures with delivery in April rose 0.83%, or 0.64, to $ 77.69 per barrel. Futures for Brent oil futures with delivery in May rose by 1.09%, or 0.91, to the mark of $ 84.36 per barrel. Forex Meanwhile, on the Forex Forex EUR/USD market, 0.86% to 1.07 increased, and USD/JPY quotes fell by 0.02%, reaching 136.18. Futures on the USD index sank by 0.44% to 104.36.   Relevance up to 03:00 2023-03-03 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/314593
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

Technical Analysis Of S&P 500, Dow Jones And More

Saxo Bank Saxo Bank 03.03.2023 11:41
Summary:  Major US Indices forming bottom and reversal patterns indicating a strong rebound.In this analysis: S&P 500/US500, Nasdaq 100/USNAS100 & Dow Jones Industrial/US30 S&P 500 opened below yesterday the 200 daily Moving Average dipping down to touch the 0.618 retracement at 3,929 to close above key support at 3,949 forming a Bullish Engulfing candle which is a strong indication of a bottom and reversal.RSI is still above 40 meaning it is still in a positive sentiment with no divergence from the February peak. S&P 500 seems set for a rebound and if the Index closes above 4,030 the uptrend is likely to resume.A first indication of this scenario to play out could be if RSI closes above its falling trendline.If S&P 500 closes below Thursday low and RSI closes below 40 S&P 500 has demolished the bottom and reversal picture and would be in a confirmed bear trend. Source all charts and data: Saxo Group US 500 cfd bounced from the 100 daily Moving Average and the 0.618 Fibonacci retracement to close above 200 daily Moving Average to close back above key support at 3,947.50. RSI still in positive sentiment. If US500 moves back above 4,027 it is likely to resume uptrend.A close below yesterday’s low at 3,919 the rebound picture is demolished and US 500 is likely to drop lower towards 3,800. Nasdaq 100 Buyers in control throughout yesterday’s session lifting the Index back above 200 daily Moving Average and key support at 11,906 forming a Bullish Engulfing candle.RSI is still above 40 meaning it is still in a positive sentiment with no divergence from the February peak. If Nasdaq 100 closes above 12,385 and above the 21 daily Moving Average the uptrend has resumed.A first indication of this scenario to play out could be if RSI closes above its falling trendline.A close below 11,830 i.e., yesterday’s low is likely to lead to a sell-off down to around the 0.618 retracement at 11,515 possibly down to support at around 11,259.   USNAS100 Double Top pattern potential is still unfolding. After the break below 12,213 there is down side potential to around the 0.618 retracement at 11,518 as illustrated by the two vertical arrows. However, USNAS100 has found support at the 200 daily Moving Average and after its strong rebound yesterday the bearish picture could be reversed. If USNAS100 closes back above 12,234 and above the 21 daily Moving Average the Double top pattern is demolished and uptrend is likely to resume with potential to February peak level. Dow Jones Industrial has formed a Morning Doji Star bottom and reversal pattern (circled) bouncing from the support at around 32,573. Despite RSI being negative the Index could experience a nice rebound to around the 55 daily Moving Average but room up to resistance at around 34,342-34,712.If Dow Jones closes below 32,500 down trend is set to resume US30 cfd has bounced from support at around 32,472 and seems set for a rebound to the upper range in the side ways range US30 has been trading in since November. A break below 32,470 is likely to push US30 down to 31,715, possibly lower   Source: Technical Update - US Stock Indices set for a rebound: S&P500, Nasdaq & Dow Jones | Saxo Group (home.saxo)
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

At The Close Of The New York Stock Exchange Only NASDAQ Composite Fell 0.11%

InstaForex Analysis InstaForex Analysis 07.03.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones rose 0.12%, the S&P 500 rose 0.07%, and the NASDAQ Composite fell 0.11%. Markets are also awaiting information from the US labor market, which will be published on Friday. According to market strategist at Nikko Asset Management John Weil, the data for February may turn out to be worse than in January, and this will calm investors a bit in their fears of too sharp tightening of monetary policy. Dow Jones Merck & Company Inc was the top performer among the components of the Dow Jones index today, up 4.22 points or 3.95% to close at 111.10. Apple Inc rose 2.80 points or 1.85% to close at 153.83. Coca-Cola Co rose 0.92 points or 1.55% to close at 60.36. Shares of Dow Inc became the leaders of the fall, the price of which fell by 1.21 points (2.07%), ending the session at 57.11. Walgreens Boots Alliance Inc was up 1.77% or 0.64 points to close at 35.45, while Intel Corporation was down 1.55% or 0.41 points to close at 25.99 S&P 500 Leading gainers among the components of the S&P 500 in today's trading were Lumen Technologies Inc, which rose 4.10% to 3.30, Merck & Company Inc, which gained 3.95% to close at 111.10. as well as Enphase Energy Inc, which rose 3.77% to end the session at 225.35. DexCom Inc was the leading gainer, shedding 7.87% to close at 113.25. Shares of Newell Brands Inc shed 7.23% to end the session at 13.48. VF Corporation (NYSE:VFC) was down 5.37% to 24.85. NASDAQ The top performers in the NASDAQ Composite Index today were Appreciate Holdings Inc, which rose 152.89% to hit 3.06, Unicycive Therapeutics Inc, which gained 153.06% to close at 1.24, and also shares of Bellerophon Therapeutics Inc, which rose 94.11% to end the session at 3.51. The leading gainers were Aclaris Therapeutics Inc, which shed 44.68% to close at 7.07. Shares of Rubius Therapeutics Inc shed 33.55% to end the session at 0.08. Quotes of Embark Technology Inc decreased in price by 32.81% to 2.56. Numbers On the New York Stock Exchange, the number of depreciated securities (1981) exceeded the number of closed in positive territory (1051), and quotes of 109 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,420 companies fell in price, 1,237 rose, and 143 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 0.65% to 18.61. Gold Gold futures for April delivery lost 0.12%, or 2.15, to hit $1.00 a troy ounce. In other commodities, WTI April futures rose 1.10%, or 0.88, to $80.56 a barrel. Futures for Brent crude for May delivery rose 0.55%, or 0.47, to $86.30 a barrel. Forex Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.44% to 1.07, while USD/JPY edged up 0.06% to hit 135.93. Futures on the USD index fell 0.21% to 104.27.   Relevance up to 03:00 2023-03-08 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/315102
Lagarde's Dilemma: Balancing Eurozone's Slowdown and Inflation Pressure

S&P 500 And NASDAQ Composite Rose, Only Dow Jones Fell

InstaForex Analysis InstaForex Analysis 09.03.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones fell 0.18%, the S&P 500 rose 0.14% and the NASDAQ Composite rose 0.40%. Fed chief Jerome Powell said the regulator will continue to raise the discount rate in the fight against inflation. According to CME Group, most analysts now expect the regulator to raise the discount rate immediately by 0.5 percentage points, to 5-5.25% per annum. Dow Jones Shares of Intel Corporation led the way among the components of the Dow Jones index today, which gained 0.45 points (1.76%) to close at 25.98. Quotes of Caterpillar Inc rose by 2.58 points (1.05%), closing the session at 248.72. Home Depot Inc rose 2.88 points or 1.00% to close at 291.49. The least gainers were Merck & Company Inc, which shed 2.99 points or 2.69% to end the session at 108.28. The Travelers Companies Inc (NYSE:TRV) was up 2.60 points or 1.44% to close at 177.77, while Verizon Communications Inc was down 0.38 points or 1.00%. and finished trading at 37.53. S&P 500  Leading gainers among the components of the S&P 500 in today's trading were Advanced Micro Devices Inc, which rose 3.97% to hit 85.37, Arista Networks, which gained 3.90% to close at 148.44, and also shares of NVIDIA Corporation, which rose 3.83% to end the session at 241.81. The least gainers were Norwegian Cruise Line Holdings Ltd, which shed 4.20% to close at 15.29. Shares of Brown Forman lost 4.20% to end the session at 63.48. Regeneron Pharmaceuticals Inc fell 3.70% to 745.20. NASDAQ Leading gainers among the components of the NASDAQ Composite in today's trading were Kimball International Inc, which rose 84.35% to hit 12.37, Castor Maritime Inc, which gained 75.93% to close at 0.95, and also shares of Maxeon Solar Technologies Ltd, which rose 44.00% to close the session at 27.00. The least gainers were SRAX Inc, which shed 62.03% to close at 0.60. Shares of Intelligent Bio Solutions Inc shed 42.66% to end the session at 3.40. Quotes of ETAO International Co Ltd decreased in price by 40.75% to 1.89. Numbers On the New York Stock Exchange, the number of securities that rose in price (1564) exceeded the number of those that closed in the red (1446), while quotes of 111 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,934 stocks fell, 1,682 rose, and 194 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 2.40% to 19.12. Gold Gold futures for April delivery lost 0.10%, or 1.75, to hit $1.00 a troy ounce. In other commodities, WTI April futures fell 1.37%, or 1.06, to $76.52 a barrel. Brent oil futures for May delivery fell 0.94%, or 0.78, to $82.51 a barrel. Forex Meanwhile, in the forex market, the EUR/USD pair remained unchanged 0.01% to 1.05, while USD/JPY rose 0.13% to hit 137.32. Futures on the USD index rose 0.05% to 105.64.   Relevance up to 03:00 2023-03-10 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/315420
Taming the Dollar: Assessing Powell's Hawkish Tone Amidst BRICS Expansion

At The Close Of The New York Stock Exchange All Indices Were Down

InstaForex Analysis InstaForex Analysis 13.03.2023 08:00
At the close of the New York Stock Exchange, the Dow Jones was down 1.07% to hit a 3-month low, the S&P 500 was down 1.45% and the NASDAQ Composite was down 1.76%. Unemployment in the US rose to 3.6% in February from 3.4% the previous month, while analysts believed that the figure would not change. And the number of people employed in non-agricultural sectors of the economy increased by 311,000, with a projected increase of 205,000. Statistics on the labor market and consumer prices are of great importance for investors, since these are the two main indicators that the US Federal Reserve relies on when determining its further actions in monetary policy. Dow Jones The leading performer among the Dow Jones index components in today's trading was Intel Corporation, which gained 0.78 points or 2.95% to close at 27.22. JPMorgan Chase & Co rose 3.31 points or 2.54% to close at 133.65. The Travelers Companies Inc rose 1.76 points or 1.01% to close at 175.68. The least gainers were Caterpillar Inc shares, which lost 13.95 points or 5.79% to end the session at 227.01. Shares of Goldman Sachs Group Inc climbed 14.42 points or 4.22% to close at 327.67, while American Express Company shed 6.42 points or 3.73% to close at 165.70. S&P 500 Leading gainers among the S&P 500 index components in today's trading were Intel Corporation, which rose 2.95% to hit 27.22, JPMorgan Chase & Co, which gained 2.54% to close at 133.65, and also shares of AbbVie Inc, which rose 1.61% to close the session at 149.72. The least gainers were shares of Signature Bank, which fell 22.87% to close at 70.00. Shares of First Republic Bank lost 14.84% to end the session at 81.76. Charles Schwab Corp fell 11.69% to 58.70. NASDAQ  Leading gainers among the components of the NASDAQ Composite in today's trading were EUDA Health Holdings Ltd, which rose 54.20% to 2.02, Unicycive Therapeutics Inc, which gained 30.10% to close at 2.68. as well as shares of Cingulate Inc, which rose 25.00% to close the session at 1.85. Shares of Loyalty Ventures Inc became the least gainers, which decreased in price by 58.39%, closing at 0.24. Shares of Allbirds Inc lost 47.03% and ended the session at 1.25. Quotes of Cepton Inc decreased in price by 45.75% to 0.42. Numbers On the New York Stock Exchange, the number of securities that fell in price (2594) exceeded the number of those that closed in positive territory (463), while quotes of 75 shares remained virtually unchanged. On the NASDAQ stock exchange, 3,044 stocks fell, 595 rose, and 150 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, rose 9.69% to 24.80, hitting a new monthly high. Gold Gold futures for April delivery added 2.08%, or 38.15, to $1.00 a troy ounce. In other commodities, WTI April futures rose 1.03%, or 0.78, to $76.50 a barrel. Futures for Brent crude for May delivery rose 1.21%, or 0.99, to $82.58 a barrel. Forex Meanwhile, in the Forex market, EUR/USD rose 0.57% to hit 1.06, while USD/JPY shed 0.91% to hit 134.90. Futures on the USD index fell 0.67% to 104.60.   Relevance up to 03:00 2023-03-14 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/315761

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