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Panama City Airport Statement: Panama City Tocumen Airport has reopened following the earthquake.Cobre Panamá Copper Mine: The mines facilities and infrastructure are stable and personnel are safe following the earthquake.On October 10th, Russian Deputy Prime Minister Novak stated that Russia will immediately begin lifting restrictions on diesel exports, ahead of schedule. He explained that Russia is willing to increase diesel supplies to the United States and all partners in October: 300,000 tons in October, increasing to 500,000 tons in November, and 1 million tons in December. Novak also pointed out that the Russian market will receive a full supply of diesel. The Russian government had previously decided to extend the export ban on diesel, marine fuel, and gas oil producers until October 31st.On October 10th, US President Trump responded to a reporters question regarding the diesel deal reached with Russia. The reporter stated that Ukrainian President Zelensky believed the oil agreement with Russia was a sign of weakness from a powerful partner and would only prolong the war. Trump responded, "We are a powerful partner. We need to supply the world with oil, so we are happy to get diesel." Trump added, "The oil deal with Russia is a big deal. A lot of oil will come into our country. To be honest, I want to thank President Putin. And this is diesel, which is exactly what we wanted, so thank you." When another reporter said Zelensky criticized him as "weak," Trump simply responded, "Okay."According to the Wall Street Journal, Philadelphia police said Anthropic notified them this week that one of its AI models had submitted a false murder tip on the website PhillyUnsolvedMurders.com. The incident occurred in July, but Anthropic didnt discover it until September.

NASDAQ Index, S&P 500, Dow Jones Analysis – NASDAQ Climbs Back, Dow Jones Supported By Salesforce Performance

Alice Wang

Mar 03, 2023 15:43


S&P 500

After a multi-day decline, speculators purchased equities, and the S&P 500 recovered from session lows.


Traders today concentrated on changes in the Bond market. The yield on 10-year Bonds made an effort to stabilize above 4.08% while remaining above the significant 4.00% mark.


Although rising Treasury rates are negative for equities, it appears that some speculators were ready to take advantage of the recent decline to grow their long holdings.


After surpassing expert expectations and expanding its share repurchase program, Salesforce increased its gains by 11%. Due to its Investor Day falling short of market forecasts, Tesla was one of the largest losses in the S&P 500 today.


From a broad perspective, the crucial issue is whether dealers will be able to disregard the changes in the market for government bonds in the event that Treasury rates keep rising.

NASDAQ

Despite increasing Bond rates, the NASDAQ rose back above the 11,900 mark. It appears that the primary forces behind this move were profit-taking and dip-buying.


NASDAQ needs to stabilize back above the 50 DMA at 11,965 in order to have a chance to build long-term upward momentum. NASDAQ will move toward the next support level at the 20 EMA at 12,145 if it rests above the 50 EMA.

Jones, Dow

Due to the Salesforce stock's impressive showing during today's trading period, Dow Jones made some progress.


The Dow Jones experienced solid support in the 32,500–32,800 range, which is encouraging for bears. The Dow Jones will advance toward the 33,200 level of opposition if it moves above the 33,000 mark.

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