Apple and Intel jumped Wall Street by more than 2.5%; selena crashed 63%

Current reporting from the world’s leading markets: the important updates, prominent stocks, bonds and analyst updates

23:00 – Trading on the New York Stock Exchange closed this evening (Friday) with sharp price increases. The Dow Jones index rose by 2.6%, the S&P 500 index strengthened by 2.5% and the Nasdaq index rose by 2.9%. Those who stood out in the gains were Apple and Intel shares which rose by 7.6% and 10.7% respectively. Amazon’s share fell Contrary to the trend by 6.8% and the Israeli Selina share crashed by 63%.

In a weekly summary, the leading indices registered impressive increases. For the Dow Jones, it was the fourth consecutive week in which it gained strength – for the first time since a streak of five positive weeks in November 2021. The index ended the week with a 5.7% increase in its best performance since May, and is On his way to his best October since January 1976. The S&P 500 and Nasdaq indices ended the week up 3.9% and 2.2% respectively.

21:50 – The price of WTI crude oil closed today (Friday) down 1.3% on the New York Mercantile Exchange to $87.9 per barrel. In a weekly summary, the price of oil rose by 3.4%.

The indices register sharp increases – Dow Jones climbs by 2.5%, S&P 500 adds 2.4% to its value and Nasdaq rises by 2.7%. Apple’s share rises by 7.8%, Intel’s share jumps by 10%. Amazon doubts the increases with a fall of 7.1%.

20:55 – Gold was cut today by 1.3% ($20.80) to a price of $1,644.80 per ounce. In the background, a sharp increase in US bond yields, along with a daily increase in the value of the dollar compared to the basket of major currencies.

20:00 – Apple and Intel lead the leading indices on Wall Street, with Amazon weighing down: the iPhone maker’s stock jumps more than 8%, Intel jumps 10%, Amazon wipes out 8.5%.

18:15 – Binance, the largest crypto trading platform in the world, announced today that two days ago it invested half a billion dollars in favor of Elon Musk’s takeover of Twitter. Binance, along with dozens of other investors, poured 7 billion dollars into Musk for the takeover.

18:00 – The share of the Israeli hosting platform Selina is already crashing by 45%, after a rise of 320% last night in the premiere.

17:50 – Trump banned from the new owner of Twitter: “I’m glad that Twitter is now in sane hands, and is no longer controlled by crazy people from the far left who hate our country.” However, the former president did not say whether he would tweet again, even if Elon Musk allows to him.

16:30 – The trend reversed at the opening against the backdrop of inflation data and moderation from the early spike in bond yields: Dow Jones climbs by 1%, S&P 500 strengthens by 0.6% and Nasdaq adds 0.4%. Amazon wipes 10% off at opening.

15:55 – The US 10-year bond yield jumps by 10 basis points to 4.03% after the inflation data just published in the US, according to Private consumption expenditures increased. The figure is critical for the Federal Reserve in measuring inflation in preparation for the interest rate decision.

14:45 – “The US economy has experienced a certain decrease in growth – but not a slowdown,” said Bank of America CEO Brian Moynihan in an interview with CNBC. According to him, the interest rate increases are beginning to give their signals in the housing and car market, but consumer spending continues to be strong.

“If you raise interest rates and slow the economy to fight inflation, the expectation is a slowdown in consumer spending. This has not happened yet – although it is possible that it will happen. Therefore, we see a certain decrease in the growth rate, but there is no slowdown. There is no negative growth.”

Yesterday it was announced that the US economy grew by 2.6% in the third quarter, after two quarters of contraction.

13:55 – Wall Street is headed for a negative opening, with the report season in full swing: contracts on the Dow Jones retreat by 0.1%, on the S&P 500 by 0.6% and the Nasdaq by 1%. The 10-year US bond yield jumps by 8 basis points to a rate of 4.016%. Also, the dollar is strengthening and the price of gold is falling.

Amazon falls 13% in advance after the reports, Apple rises 0.8%. Even before the reports, in the energy sector: Exxon Mobil climbs by 2%, Chevron rises by 1%, the two oil giants exceeded the forecasts of market analysts in the third quarter results.

Twitter, now officially owned by Elon Musk, is not participating in the pre-trade phase. Selina, the Israeli hospitality company that flew last night in its debut by 319.5% is now falling in advance by 18%.

At 15:30 the data on private consumption expenditures in the US for the month of September will be published. This is a key indicator for the Fed to measure inflation and interest rate decisions. The Federal Bank is expected next Wednesday to raise the interest rate by 0.75%.

13:50 – The German economy grew by 0.3% in the third quarter Compared to the quarter that preceded it – and above the forecasts that predicted a contraction of 0.2%. In an annual calculation, the growth rate of the largest economy in Europe was 1.2%, above analysts’ forecasts for an expansion of 0.8%.

12:15 – The French economy grew by 0.2% in the third quarter, compared to the previous quarter – in line with forecasts and followed by an expansion of 0.5% in the second quarter. This is before preliminary data published today by the country’s Bureau of Statistics. The main engine for growth was business sector investments – which grew by 1.3%.

In the stock markets in Asia, the declines strengthened before the closing of trading: Nikkei in Japan lost 0.9%, Shanghai fell by 2.3%, and Hong Kong – by 3.9%.

09:00 – A negative trend was recorded in the stock markets in Asia this morning. The Hang Seng in Hong Kong loses 3.1%, Shanghai falls by 1.6%, the Nikkei index in Tokyo sheds 0.8% of its value, and the Kospi in Korea weakens by 0.6%. The MSCI Asia-Pacific index is down 1.4%.

The Central Bank of Japan left interest rates unchanged, at minus 0.1%, in line with analysts’ forecasts and despite the 32-year low the yen reached against the dollar. The bank also announced that it will purchase government bonds to the extent required, in order to keep the ten-year bond yield at 0%. The bank now believes that the core inflation rate will reach 2.9% at the end of the fiscal year (March 2023), compared to 2.3% in the previous forecast.