News

Boeing CFO Jay Malave said Tuesday that the company expects deliveries in both the 737 jets and the 787 jets to be up next year.

New Zealand GDT Price Index declined to -4.3% from previous -3%

According to Shanghai Metals Market, China’s leading Copper smelters have agreed to cut production by more than 10% in the coming year.

Silver briefly rose to $58.84 per troy ounce, marking a temporary halt after a 10% spike since Friday and lifting its year-to-date gains above 100%.

After briefly dipping below 0.92 last month, EUR/CHF has trended higher, supported by Switzerland’s strong economic fundamentals.

Sector Overview

Today’s stock market witnessed notable activity across several sectors, with technology taking the lead. Let’s dive into the sector performances and examine key players that stood out throughout the trading day.

• 📈 Technology Sector: The technology sector experienced significant growth, highlighted by impressive performances from leading companies. Oracle (ORCL) surged by an impressive 3.06%, signifying robust investor sentiment. Nvidia (NVDA) also saw a notable increase of 1.88%, demonstrating resilience amidst the market dynamics.
• 📊 Consumer Cyclical Sector: Companies in the consumer cyclical sector, like Amazon (AMZN), were stable with a slight increase of 0.22%. Automotive giant Tesla (TSLA) also contributed to the sector’s positive sentiments with a gain of 0.20%.
• 🏥 Healthcare Sector: The healthcare sector saw mixed results, with Eli Lilly (LLY) down by 0.20%, adding cautionary tones among investors focused on this space.
• 🏛️ Financial Sector: The financial sector portrayed a stabilizing effect despite the day’s volatility, guided by small fluctuations. Big players like JPMorgan Chase (JPM) remained relatively unchanged, dipping slightly by 0.06%.

Market Mood and Trends

The overall market sentiment today veered towards optimism, largely driven by robust performances in technology stocks. Positive gains in major technology firms suggest confidence in their continued growth, reflecting investors’ increased appetite for risk.

However, minimal activity and some declines in sectors like healthcare and consumer goods illustrate ongoing apprehensions about economic pressures and future interest rates.

Strategic Recommendations

Investors should consider redirecting attention towards the technology sector, capitalizing on the growth opportunities present in stocks such as NVDA and ORCL. Given the mixed results in healthcare, maintain cautious investments here until clearer signals emerge.

It is advisable to maintain diversification within portfolios, incorporating a balance across technology, cyclical, and defensive stocks to mitigate risks. Stay engaged with real-time data and continuous market updates to adapt swiftly to any shifts in trends. For extensive analysis and resources, visit InvestingLive.com for timely insights and market wisdom. 📊

This article was written by Itai Levitan at investinglive.com.

The US closure of Venezuelan airspace over the weekend has escalated tensions, but Oil production remains largely unaffected.

The USDINR is trading to new record highs.

The rupee continues to face pressure from weak trade and investment flows, even as India remains the fastest-growing major economy and local equities hit record highs. Slowing goods exports and the drag from high tariffs pose additional risks to India’s growth, current account, and balance of payments, with some analysts expecting USDINR to weaken further unless tariffs are reduced. The rupee also hit a record low against the offshore yuan, reflecting broader regional currency softness despite a steady dollar index.

Technically, tools can be applied that define risk for the buyers and also target levels. Knowing the risk and the targets provide traders with a roadmap, with defined risk, for trades.

In the video, I talk about the risks for the buyers and the targets and create the roadmap for their trading in the USDINR.

This article was written by Greg Michalowski at investinglive.com.

Gold (XAU/USD) trims part of its earlier losses on Tuesday, with the precious metal finding support from firm expectations that the Federal Reserve (Fed) will lower interest rates at its policy meeting next week.

“The Big Short” investor Michael Burry put Tesla’s valuation in the spotlight.