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Stock indices in the US were mixed at the end of today’s session; The Dow Jones industrial average fell 0.12%.



Stock indices in the US were mixed at the end of today’s session;  The Dow Jones industrial average fell 0.12%.
© Reuters US stock indexes were mixed at the end of today’s session; The Dow Jones industrial average fell 0.12%. – U.S. stocks closed higher on Wednesday, , , and . On the other hand, losses were recorded in the , and , sectors, which led the indexes down.

At the close of trade in New York, it registered a decline of 0.12%, while it rose by around 0.10% and rose by around 0.08%.

The best performers of the session were Amgen (NASDAQ: ), which rose 0.79% or 2.15 points to trade at 273.26. On the other hand, Microsoft Group (NASDAQ: ) was up 0.74% or 2.67 points to end at 363.20 while Apple (NASDAQ: ) was up 0.59% or 1.07 points to 182.89. session.

On weak performance at the close of today’s trade, Walgreens Boots Alliance Inc (NASDAQ: ) stock declined 3.00% or 0.65 points to trade at the 21.00 level at the close. Shares of Intel Group (NASDAQ: ) declined 2.19% or 0.85 points to 37.92. Chevron Corp (NYSE: ) declined 1.39% or 2.01 points to 142.40.

On the other hand, the best performing stocks in the S&P 500 index were recorded. Extra space saving (NYSE: ), which rose 10.57% to 118.53, Axon Enterprise Inc (NASDAQ: ), which gained 6.11% to end at 229.58, and DaVita Healthcare Partners (NYSE: ), which rose 5.89%. The trade ended at 84.81.

Among the weak performers today were Warner Bros. Discovery Inc (NASDAQ: ), which fell 19.04% to end the session at 9.40, Paramount Global Class B (NASDAQ: ), which lost 7.94% to 11.82 and Biogen Inc ( NASDAQ: ), which traded lower on the stock market. It ended today’s session down 5.67% at 231.69.

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On the other hand, the top performer on the Nasdaq index was Beraso Inc. (NASDAQ: ), which rose 110.84% ​​at the price of 0.32, Gan Ltd (NASDAQ:) continued its rise of 82.78% and closed at 1.63 levels, while Korro Bio Inc (NASDAQ:) shares gained about 68.16% to close at 41.40.

Among the weakest performing stocks today, we mention the company’s stock Durect Corp (NASDAQ: ), which plunged 79.57% to close the session at 0.53, FTC Solar (NASDAQ: ), which lost 64.45% at 0.42 and Acquisition of Mobive Corp (NASDAQ: ), which plunged 49.21% to close at 4.52 in today’s session on the stock market.

The number of declining stocks was unchanged at 83, compared with 1,169 compared to 1,720, which was unchanged from the number of stocks that closed higher in trading on the New York Stock Exchange. In terms of NASDAQ stock market, 2180 stocks declined, 1281 stocks strengthened their position, while 121 stocks maintained their value.

The stock of Axon Enterprise Inc (NASDAQ: ) soared to its highest ever record, rising 6.11% or 13.21 points to trade at 229.58. Biogen Inc (NASDAQ: ) traded down 5.67% or 13.92 points to trade at 231.69, hitting its 52-week low. The stock of Microsoft Group (NASDAQ: ) rose to a new record, adding 0.74% or 2.67 points to trade at 363.20. Chevron Corp (NYSE: ) traded down 1.39% or 2.01 points to hit a 52-week low of 142.40. Durect Corp (NASDAQ:) fell to its lowest ever level, declining 79.57% or 2.05 points to trade at 0.53. The stock of FTC Solar (NASDAQ: ) hit new record lows and declined 64.45% or 0.77 points to trade at 0.42. The stock of Mobiv Acquisition Corp (NASDAQ: ) fell to new record lows, dropping 49.21% or 4.38 points to trade at 4.52.

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It measures the implied standard deviation of options on the S&P 500 index, which fell 2.43% to close at 14.45, hitting its highest record level in a month.

Gold futures for December delivery were down 0.89%, or 17.55, at $1,955.95 an ounce. In other commodities trading, WTI crude oil futures for December delivery fell 2.42% or 1.87 to settle at $75.50 a barrel, while Brent oil futures for January were down 2.35% or 1.92 points. , and closed at $79.69 per barrel.

The EUR/USD pair maintained stability at 0.11% and traded at 1.07 levels, while the USD/JPY pair continued to gain 0.43% to reach 150.99 levels.

Dollar index contracts traded down 0.01% at 105.37.

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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.

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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.

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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

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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.

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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.


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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)

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