Connect with us

Business

Stock market today: Dow Jones, S&P 500 Edge Higher; Alibaba Sourcing on Ant Group Approval | New

Published

on

 


Stock Market Today Mid-Morning Updates

Friday, the Dow Jones Industrial Average is up 120 points after almost an entire week of heavy selling. Notably, the Dow Jones fell below 30,000 for the first time since January 2021 yesterday. Markets rallied in relief on Wednesday after the Federal Reserve announced its biggest rate hike since 1994, but those gains were are reversed very quickly on Thursday. The Fed also said it was focused on getting inflation back to 2%.

Shares of Modern (NASDAQ: ARNM) and Pfizer (NYSE: PFE) are in the spotlight today after receiving US Food and Drug Administration (FDA) approval for their coronavirus injections for children as young as 6 months old. This would make almost every person in the United States now eligible for vaccination. It comes after its committee of independent vaccine experts voted unanimously to recommend the shots after evaluating the safety and effectiveness of the two vaccines. Shares of Adobe (NASDAQ: ADBE) are lower today after issuing weaker than expected financial guidance for the current quarter and year.

Among the Dow Jones leaders, stocks of Apple (NASDAQ: AAPL) are up 1.28% today while Microsoft (NASDAQ: MSFT) is also down 0.90%. Meanwhile, disney (NYSE: DIS) and Nike (NYSE: NO) are trading higher on Friday. Among the financial leaders of the Dow, Visa (NYSE:V) is down 0.69% while JPMorgan Chase (New York Stock Exchange: JPM) is up 0.27%

EV Leader Shares You’re here (NASDAQ: TSLA) are up 2.52% on Friday. Rival electric vehicle companies like Rivian (NASDAQ: RIVN) are down 0.57%. Lucid Group (NASDAQ: LCID) is up 3.99% today. Chinese electric vehicle leaders like Nio (NYSE: NIO) and Xpeng Motors (NYSE: XPEV) are also trading higher today.

Dow Jones Today: US Treasury Yields Fall From Decade High; Ukraine moves closer to EU membership

Following the stock Exchange at Friday’s open, the S&P 500, Dow and Nasdaq are trading higher at 0.56%, 0.19% and 1.22% respectively. Among listed index funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up 1.00% while SPDR S&P 500 ETF (NYSEARC: SPY) is also up 0.55%.

The benchmark 10-year US Treasury yield fell to 3.2% after hitting highs not seen since 2011. Investors are more worried now that the Fed has fallen behind in its policy of reducing runaway inflation . In fact, he could drag the economy into a recession with his current rate hike plans.

The European Commission has proposed that Ukraine become a candidate for membership to join the bloc. This would normally be the first step on a long road to EU membership. Commission President Ursula von der Leyen said Ukraine should be welcome in Europe. It also comes as some of the EU’s most powerful leaders visited Ukraine’s capital, Kyiv, in a show of solidarity with the beleaguered country.

[Read More] Top Stock Market News For Today June 17, 2022

Alibaba shares rise following reports of Ant Group’s request for financial participation from China’s central bank

Ali Baba (NYSE: BABA) seems to be causing a stir at the opening bell today. Obviously, BABA stock is currently gaining over 2% now. All in all, the company probably has a regulatory nod from China’s central bank to thank for this news. Going into detail, the financial arm of Alibaba Ant Group receives approval from China’s central bank for its application to set up a financial holding company. This information is courtesy of sources from a Reuters report.

On the one hand, Ant Group has worked and is still working with Chinese financial regulators to obtain its license. Notably, it would be a significant change in tone from November 2020. That’s when Chinese regulators essentially halted Ants’ $37 billion IPO following issues with the founder. Jack Ma.

Overall, this endorsement by the People’s Bank of China would further indicate that China is easing its regulatory crackdown on tech companies. Following this latest update, Alibaba alongside peers such as JD.com (NASDAQ: J.D.) and Baidu (NASDAQ: START) would have everything to gain. As such, it wouldn’t surprise me to see tech investors tuning into this section of the stock market today.

BABA Action
Source: Trading View

[Read More] 5 Dividend Stocks to Watch in a Bear Market

Roku and Walmart team up for a one-of-a-kind e-commerce advertising experience

Video streaming company shares Year (NASDAQ: YEAR) also focus on the stock market today. This is likely due in large part to the announcement of his latest partnership with walmart (NYSE: WMT). Namely, the duo is now collaborating on a one-of-a-kind digital advertising solution. This solution basically allows Roku viewers to instantly purchase Walmart items through advertisements that are on the platform. In detail, Roku achieves this through OneView, its TV streaming ad buying platform. The company explains that this new method of marketing evolves shopping beyond the QR code and will change the way customers interact and purchase TV and video content.

In a larger scheme, using OneView to market items in an almost instantly accessible way would be Roku’s strategic play. Thanks to its seamless checkout experience, it would. William White, Marketing Director of Walmart, explains the key logic of this team. He declares, Were working to connect with customers where they were already spending time, reducing the distance between discovery and inspiration and purchase. On top of that, says White, No one has cracked the code for buying videos. By working with Roku, we were the first retailers to bring customers a new shopping experience and seamless checkout on the biggest screen of their TV.

Overall, using OneView in this innovative way would highlight Roku among its ad rivals. As more organizations search for better ways to market digitally to consumers, this could be a win for Roku.

Stock YEAR
Source: Trading View

If you enjoyed this article and want to learn how to trade so that you have the best chance of making a profit consistently, you need to check out this YouTube channel. CLICK HERE NOW!!

Sources

1/ https://Google.com/

2/ https://www.republic-online.com/readitfee/news/stock-market-today-dow-jones-s-p-500-edge-higher-alibaba-stock-up-on-ant/article_5bda13d2-4955-5fb6-b809-bb57096bac01.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]