Wall Street Sees 7% Monday Loss and Ofco Plummets 9% – BizPortal Recap

by time news

2024-04-10 18:58:00

negative lock-in on Wall Street; Monday lost 7%, Ofco fell 9% BizPortal

The trading day on Wall Street followed a negative trend after the publication of the macro data. The leading indexes lost up to 1%. The yield on the 10-year government bond increased by 10 basis points to approximately 4.44%.

Bloomberg published a disturbing report today stating that they anticipate an attack by Iran and its affiliates on Israel in the near term and that the attack is inevitable. According to the report, the attack will include precision missiles and, according to estimates, may take place in the coming days.

Inflation in the US in March rose by 0.4% when core inflation rose at the same rate, compared to the expectation of a 0.3% increase in both data. These data, combined with the labor market data that continue to demonstrate the strength of the American economy, keep the Fed away from lowering interest rates, when The upcoming decision is expected at the end of the month and all forecasts speak of leaving the interest rate unchanged once again.However, market investors are already expecting a half percent interest rate cut in the June decision to be more likely.

Come and hear about the future of Israeli energy companies at the Bizportal energy investment conference. Details and registration here.

S&P 500 -0.95% Close: 5,209.91 Open: 5,167.88 High: 5,178.43 Low: 5,138.7 Cycle:– Page Quote News Graphs Composition Performance Index More articles on the subject:

Nasdaq -0.84% ​​Close: 16,306.64 Open: 16,104.01 High: 16,200.1 Low: 16,092.02 Turnover:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:

Dow Jones -1.09% Close: 38,883.67 Open: 38,662.28 High: 38,662.28 Low: 38,304.66 Cycle:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:

BITCOIN +0.77% base:65,730 opening:0 high:66,942 low:65,100 return:– page quote news graphs company profile recommendations additional articles on the subject:

  • Thousands of NIS: 42,822,985

    870.39

  • Thousands of NIS: 3,842,254

    191.08

  • Thousands of NIS: 2,421,583

    128.73

  • Thousands of NIS: 1,534,135

    204.74

  • Thousands of NIS: 3,465,561

    281

The data is displayed with a delay of about 15 minutes

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The size of the security cube is determined according to the value of the paper +5% -5% | 04/10/2024

The BIZMAP system allows the user to see a “general view” of the capital market according to different categories as detailed below. The basic cut that also determines the size of the square is the trading cycle of the security.

Type – a button allows you to determine the type of index or trade on which the cut will be made between the types, there are index TA 25, TA 125 and more.
Shades – allow the map to be shown in colors that are convenient for the user.

Hide value smaller than – you can show the map of the securities whose value is greater as a percentage of the total value in the same category. Clicking on each paper will lead to a detailed graph – the percentages of change and return that appear in each time section are according to the selected range. .

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Macro

Is Intel INTEL CORPORATION -2.95% Close:0 Open:37.88 High:38.22 Low:37.02 Cycle:– Page Quote News Graphs Company Profile Recommendations More articles on the topic: Can Nvidia be threatened? “The bottleneck is not in the chips but in the connectivity between them” – Shahar Cohen, CEO and founder of the Lucid Capital fund: “Intel’s next challenge is finding a solution in the field of connectivity. It is possible that Intel will choose AMD’s path and focus only on the inference phase”

Report season is upon us – will it lead the market to a correction or the continuation of the rally? Macro: The events of the week – the consumer price index, the Fed’s protocols and the interest rate decision in Europe will set the tone not only in the stock market but also in the euro-dollar currency pair – towards parity between the two currencies? Macro: The reason for the strong labor market Stock market: The report season is expected to be strong, but pricing is high, will it be good enough to continue the rally in view of the delay in interest rate cuts?

“The strength of the US economy will lift the S&P 500 index to 5,750 points” Jay Hatfield: “The US economy shows great strength, with a tailwind from the rise of AI, a shortage of residential houses and a relatively cheap price of natural gas”; “We are in the midst of a very unusual business cycle, so the positive trend in the markets is expected to continue.”

Tillray disappoints in results and forecast Tillray’s investors are still waiting for more significant news in the field of marijuana legalization, when the drug has become legal in almost half of the US states.

Israeliness on Wall Street

Monday Monday -7.34% Close:0 Open:203.32 High:207.47 Low:195.05 Cycle:– Page Quote News Graphs Company Profile Recommendations Additional articles on the subject: Lost 8% following Citigroup downgrading from “Buy” to “Hold” and target price of 250 dollars instead of 277 dollars before.

Cognate Cognate -4.13% Close: 0 Open: 7.06 High: 7.18 Low: 6.89 Turnover:– Page Quote News Graphs Company Profile Recommendations Additional articles on the subject: down 17.5% despite good reports – the company overcame analysts’ expectations on the top and bottom lines, And the forecast was also good when for 2024 it expects revenues of 340 million dollars and a loss per share of 13 cents compared to the analysts’ expectations for revenues of 311 million dollars and a loss per share of 23 cents.

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  • 1.

    Not bad……..bad!! (L.T.)

    Itz 10/04/2024 16:29

    5

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