What you need to know…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -2.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.86%.
Stocks on Thursday closed sharply lower, with the S&P 500 falling to a 1-3/4 year low and the Nasdaq 100 dropping to a 3-1/2 month low. Stocks fell on higher T-note yields, which were caused by hawkish Fed comments, record-high inflation in Europe, and stronger-than-expected U.S. economic news. The 10-year German bund yield rose +6.1 bp to 2.181%, and the 10-year T-note yield rose +2.6 bp to 3.757%.
Thursday's weakness in technology stocks also weighed on U.S. stock index futures, with Apple closing down by more than -5% after Bank of America Global Research downgraded the stock to neutral from buy.
St. Louis Fed President Bullard said the Fed expects to tighten policy further in the coming months, and the markets have understood that. He added, "if... Read more
| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 3,610.40 +0.83% on 09/29/22 | | 4,119.28 -11.62% on 09/12/22 | -390.14 (-9.68%) since 08/29/22 |
| 3-Month | 3,610.40 +0.83% on 09/29/22 | | 4,325.28 -15.83% on 08/16/22 | -178.36 (-4.67%) since 06/29/22 |
| 52-Week | 3,610.40 +0.83% on 09/29/22 | | 4,818.62 -24.45% on 01/04/22 | -718.99 (-16.49%) since 09/29/21 |
WASHINGTON (AP) — The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal...
COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in...
FELDHEIM, Germany (AP) — Europeans are opening their energy bills with trepidation these days, bracing for hefty price hikes as utility companies pass on the , oil and electricity tied to Russia's war...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -2.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed...
NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets.
LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the , saying she’s willing to make “controversial and difficult decisions” to get...
WASHINGTON (AP) — The economy , the government confirmed in a report Thursday, underscoring fears of a broad-based slowdown that could lead to a recession.
/Phone%20and%20computer%20internet%20network.jpg)
Technology stocks remain under pressure as the Fed ramps up its tightening campaign to slow inflation, thus boosting the odds of a damaging recession. Despite this year’s sharp decline, however, the...
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession....
PARIS (AP) — While the European Union has agreed to curtail its use of Russian oil and gas, its member nations continue to import and export nuclear fuel that is not under EU sanctions — to the chagrin...
(496 Total Components)
| HIGHS | LOWS | DIFF | |
|---|---|---|---|
| 5-Day | 27 | 195 | -168 |
| 1-Month | 1 | 189 | -188 |
| 3-Month | 1 | 141 | -140 |
| 6-Month | 1 | 113 | -112 |
| 52-Week | 0 | 105 | -105 |
| YTD | 0 | 111 | -111 |
| 3rd Resistance Point | 3,758.13 |
| 2nd Resistance Point | 3,722.57 |
| 1st Resistance Point | 3,681.52 |
| Last Price | 3,640.47 |
| 1st Support Level | 3,604.91 |
| 2nd Support Level | 3,569.35 |
| 3rd Support Level | 3,528.30 |
| 52-Week High | 4,818.62 |
| Fibonacci 61.8% | 4,357.08 |
| Fibonacci 50% | 4,214.51 |
| Fibonacci 38.2% | 4,071.94 |
| Last Price | 3,640.47 |
| 52-Week Low | 3,610.40 |
