Connect with us


At the end of today’s session, stock indices in the US fell; The Dow Jones industrial average fell 0.65%.



At the end of today’s session, stock indices in the US fell;  The Dow Jones industrial average fell 0.65%.
© Reuters. At the end of today’s session, stock indices in the US fell; The Dow Jones industrial average fell 0.65%. – U.S. stocks were lower after the close on Thursday, , and .

At the close of trade in New York, it registered a decline of 0.65%, while it weakened by around 0.81% and fell by around 0.94%.

The best performers of the session were The Walt Disney Company (NYSE: ), which rose 6.91% or 5.84 points to trade at 90.34. Rather, stocks Boeing Co (NYSE: ) traded up 0.78% or 1.50 points to end at 193.33 while UnitedHealth Group Inc . (NYSE: ) added 0.42% or 2.27 points to 539.00.

On weak performance at the close of today’s trade, Amgen (NASDAQ: ) shares declined 3.37% or 9.20 points to trade at 264.06 at the close. Home Depot Inc (NYSE: ) declined 2.72% or 8.05 points to 287.87 while Walgreens Boots Alliance Inc (NASDAQ: ) declined 2.62% or 0.55 points to 20.45.

On the other hand, the best performing stocks in the S&P 500 index were recorded. Transdigm Group Inc (NYSE: ), soared 8.70% to 973.07, The Walt Disney Company (NYSE: ) also rose 6.91% to close at 90.34 levels, while shares of Tapestry Inc (NYSE: ) rose about 2.95%. and ended its trade at a price of 28.27.

Among the weakest performing stocks today, Becton Dickinson & Co. (NYSE: ) shares fell 9.25% to close the session at 232.24. Cordeva Inc (NYSE: ), which lost 8.45% to 44.51, and Axon Enterprise Inc (NASDAQ: ), which lost 6.05% to 215.70, ended the session today.

See also  "International Holding" Towards Further Business Expansion

On the other hand, the best performer on the Nasdaq index was Intelligent Bio Solutions Inc (NASDAQ: ), which rose 92.51% at the price of 0.44. It closed at 1.38 levels, and Janone Inc (NASDAQ:) stock rose 65.42% to trade at 0.53.

Among the weakest performing stocks today, we mention the company’s stock Atara Biotherapeutics Inc (NASDAQ: ), which tumbled 80.17% to close its session at 0.24. Davis products Ltd. (NASDAQ: ), which lost 70.83% to 2.03 and Ekena Oncology (NASDAQ: ), which lost 67.80% to close at 1.33 in the stock market today.

The number of stocks that declined outnumbered those that closed higher in trading on the New York Stock Exchange, with 2127 compared to 789, unchanged at 51. In terms of NASDAQ stock market, 2531 stocks declined, 922 stocks strengthened their position, while 107 stocks maintained their value.

Transdigm Group Inc (NYSE: )’s stock hit an all-time high, adding 8.70% or 77.86 points to trade at 973.07. Corteva Inc (NYSE: ) lost 8.45% or 4.11 points to its 52-week low at 44.51. Walgreens Boots Alliance Inc (NASDAQ: ) traded down 2.62% or 0.55 points to trade at a record low of 20.45. Shares of Atara Biotherapeutics Inc (NASDAQ: ) plunged to new record lows, declining 80.17% or 0.97 points to trade at 0.24. Davies Commodities Limited (NASDAQ: )’s stock declined 70.83% or 4.93 points to hit an all-time low of 2.03. Ikena Oncology (NASDAQ: ) fell to an all-time low of 67.80% or 2.80 points to trade at 1.33.

It measures the implied standard deviation of options on the S&P 500 index, which traded up 5.81% to close at 15.29.

See also  Gold and precious metals have fallen sharply due to the rise of the dollar

Gold futures for December delivery rose 0.29%, or 5.65, to settle at $1,963.45 an ounce. In other commodities trading, WTI crude oil futures for December delivery rose 0.25% or 0.19 to settle at $75.52 a barrel, while the January contract for Brent oil futures was up 0.39% or 0.31 points. and closed at $79.85 per barrel.

The EUR/USD pair maintained stability at 0.37% and traded at 1.07 levels, while the USD/JPY pair gained 0.26% to reach 151.35 levels.

Dollar index contracts traded up 0.31% at 105.78.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


EUR/USD Analysis Today: Euro Looking for Buyers



EUR/USD Analysis Today: Euro Looking for Buyers

The Euro went back and forth during Thursday’s session, focusing on the 200-day EMA, an indicator that people sometimes focus on. At the same time, the market found itself testing the 1.0750 level, which had previously led to significant price volatility. Taking all factors into account, this situation highlights the situation where the Euro is preparing for a consolidation mode, which is waiting for an improvement in the US bond markets. Interest rates have played an important role in currency markets in recent times as traders discern the Federal Reserve’s stance on monetary policy – ​​whether it will ease or maintain a more conservative approach.

Our recommended forex brokers in the region

Complete list of Forex companies See-through broker

Also, the recent decline in interest rates may indicate market expectations of an impending economic downturn, which tends to promote the safe-haven status of the US dollar. This dynamic manifests itself in increased demand for US bonds, which subsequently leads to lower yields and higher demand for the US dollar.

Further complicating the situation is the influx of capital into Europe, which is struggling with the problems of the Great Recession. Overall, prevailing landscape traders face short-term rallies, although support should remain in the intervention area. It’s worth noting that next Friday’s session will be important, as employment data could influence the central bank’s course of action, or at least the perception of what it may or may not do. The market will continue to ask a lot of questions about the EU, which will favor the US dollar. Additionally, if the world slips into a major recession, the US dollar is usually a safe haven for traders.

See also  Mark Zuckerberg plans to lay off thousands again..Investors are flocking to stocks! Powered by

Ultimately, the Euro is going through a challenging environment right now and the 1.0850 level is one to watch as it struggles with various factors. A break of this level could indicate an upward trend, although the current momentum is insufficient to facilitate such a move. It’s conceivable that a significantly weaker employment report could give the markets the momentum they need to return to volatility and make this market move very quickly. However, as we approach the end of the year, this could mean a decrease in volume, making markets difficult to predict.

Daily chart of EUR/USD

Continue Reading


Oil falls to lowest level in last 6 months



Oil falls to lowest level in last 6 months

Oil prices fell to a six-month low on Thursday, driven by investor concerns about slowing energy demand in the United States and China at a time when U.S. production is near record highs.

Brent crude futures were down 25 cents at $74.05 a barrel, while US West Texas Intermediate crude futures were down four cents at $69.34, with both crudes hitting their lowest levels since late June.

John Evans, an analyst at PVM Oil, said: “Demand from the biggest global oil importer (China) is under pressure on prices, especially with the continuation of record production by the largest producer, the US.”

U.S. production is at an all-time high of more than 13 million barrels per day, according to U.S. Energy Information Administration data.

The Energy Information Administration said U.S. gasoline inventories rose 5.4 million barrels last week to 223.6 million barrels, more than five times the expected increase of one million barrels.

Concerns about the Chinese economy also limited oil price gains.

Chinese customs data showed crude oil imports fell 9 percent in November from a year ago due to higher inventory levels, weaker economic indicators and lower demand from independent refineries.

Although China’s total imports fell month-on-month, exports grew in November for the first time in six months, suggesting rising global trade flows could help the manufacturing sector.

Oil prices have fallen about ten percent since the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC Plus group – which includes allies including Russia – announced a voluntary production cut of 2.2 million barrels per day in the first quarter of next year.

See also  Deutsche Bank shares fell 9% after a sudden rise in insurance costs against default

On Thursday, the biggest oil exporters, Saudi Arabia and Russia, called on all OPEC Plus members to join a deal to cut production for the benefit of the global economy.


Continue Reading


Gold rises as dollar weakens and U.S. jobs data expected by Reuters



Gold rises as dollar weakens and U.S. jobs data expected by Reuters
© Reuters. Gold nuggets in a photo from the Reuters archive.

By Harshit Verma

(Reuters) – As the dollar fell on Thursday, investors could look to U.S. jobs data released later this week for fresh clues on the Federal Reserve’s path on interest rates.

It was up 0.3 percent at $2,030.20 an ounce by 0748 GMT. US gold futures were at $2,047.10 an ounce.

It fell 0.3 percent against rival currencies, with gold prices lower for holders of other currencies, while the 10-year yield hit a three-month low.

U.S. data released this week showed signs of a gradual slowdown in the U.S. labor market, with job openings falling to their lowest level in two-and-a-half years in October, while private sector employment rose less than expected last month.

Investors await U.S. nonfarm payrolls data to be released on Friday before the Federal Reserve updates its economic forecasts and interest rates at its fiscal policy meeting scheduled for Dec. 12-13.

“There is a widespread expectation that non-farm payrolls will be lower,” said Nicholas Vrabel, head of global corporate markets at ABC Refinery.

According to CME Group’s FeedWatch service, 60 percent of traders expect interest rates to fall by March 2024. Low interest rates support gold, which does not generate income.

For other precious metals, it was $23.87 per ounce. Platinum rose 0.5 percent to $894.03. An ounce was up 0.7 percent at $950.42.

(Prepared by Noha Zakaria for Arabian Bulletin – Editing by Salma Najm)

Continue Reading


Copyright © 2023