Google climbs, FedEx used as hedge
Google shares posted a confident advance, driven by positive technical signals. Anticipating a continued uptrend, investors are setting target levels at 176.80, 186.27, and 194.41, making the stock appealing for medium-term buying strategies.
At the same time, hedging activity is focused on short positions in stocks moving within a downward channel. The outlook for FedEx remains bearish amid ongoing weakness in the logistics sector and declining demand for delivery services.
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S&P 500 under pressure as market worries over fiscal instability
The US equity market came under strain amid escalating fiscal concerns. Foreign investors are showing reduced appetite for US Treasury bonds, driving yields higher and dampening the appeal of American assets.
The downgrade of the US credit rating and weak results from recent bond auctions have raised red flags for market participants. This has triggered a correction in the S&P 500, leaving the index in a vulnerable position.
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Dow loses nearly 2% amid corporate setbacks and political risk
The Dow Jones Industrial Average lost 1.91%, with the S&P 500 and Nasdaq also ending the session in negative territory. Market pressure stemmed from declines in shares of Wolfspeed, Target, and UnitedHealth, following disappointing earnings reports or negative news flow.
Adding to the market's unease were fresh proposals from Donald Trump on fiscal policy. The prospect of increased national debt under these initiatives has heightened investor pessimism.
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Market enters correction, but entry points emerge
US equity indices continue to slide as Treasury yields rise and inflation concerns persist. Investors are locking in profits following the rally of recent weeks and are closely monitoring macroeconomic data.
Despite the corrective move, analysts suggest the current downturn may present attractive entry points, particularly in sectors that are less sensitive to interest rate hikes and inflationary pressure.
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