empty
28.11.2022 12:48 PM
US premarket on November 28: US stock market falls sharply amid protests in China

On Monday, US stock indices fell amid growing unrest in China caused by restrictions had a negative impact on global markets. The US dollar depreciated after stabilizing during the Asian session on risk aversion. US Treasury bonds rose.

This image is no longer relevant

Futures on the S&P 500 index lost more than 0.9%, while the NASDAQ index was down more than 1.2%. The Dow Jones Industrial Average declined by 0.6%. European stock market indices fell, and the reason for it are oil companies, which lost the most because of the sharp decline in oil prices.

The brewing turmoil in China is affecting expectations about the country's continued path to unlock the economy from restrictions. This diminishes the prospect of more moderate interest rate hikes by the Federal Reserve, which have allowed investors to turn their attention back to riskier assets. Traders who used to bet that China might abandon its Covid Zero policy sooner than expected are now beginning to change their minds.

Meanwhile, China's economy is unlikely to re-open soon. It may ill put it at greater risk than previously expected. Endless and pointless lockdowns may lead to a serious health care crisis and slower GDP growth this year. US-listed Chinese stocks have already fallen sharply during the premarket trading, with Internet companies being hit the most. Apple Inc. have fallen because of information that a disturbance at its key manufacturing center in China has begun, which could lead to disruptions in production of nearly 6 million iPhone Pro devices.

Oil has fallen sharply and is trading at its lowest level since December, as a wave of unrest in China is also affecting demand, overshadowing demand for risky assets as well. Gold recovered from the previous decline that occurred amid the US dollar strengthening.

After the Fed meeting, investors digested a lot of economic data, which eased fears about inflation. Thus, a smaller rate hike is expected but so far it is not giving much support to the stock indices. All eyes will be on the US jobs report this week, as well as Fed Chairman Jerome Powell and New York Fed President John Williams' speeches.

As for the S&P 500 index, the pressure on the trading instrument has returned. Bulls now need to protect the support level of $4,000. As long as the index is trading above this level, the demand for risky assets may persist. This is likely to strengthen the trading instrument and return the level of $4,038 under control. If the price pierces $4,064, it may start a further upward correction with the target at resistance of $4,091. The next target is located in the area of $4,116. If the S&P 500 index declines, bulls should defend the psychologically important level of $4,000. If this level is broken through, the trading instrument may be pushed down to $3,968, opening the way to a new support of $3,942.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Mercado bursátil el 20 de mayo: S&P500 y NASDAQ abrieron con crecimiento

En la última sesión regular no se realizaron operaciones. Los índices bursátiles estadounidenses cerraron mixtos. El S&P 500 cayó un 0,03%, mientras que el Nasdaq 100 subió un 0,13%

Jakub Novak 13:19 2025-06-20 UTC+2

S&P500 (SPX): según los resultados de la reunión de la Fed

S&P500 (SPX): El mercado bursátil de EE. UU. se encuentra entre las expectativas positivas por la reforma fiscal y los temores relacionados con la geopolítica, los riesgos

Jurij Tolin 15:04 2025-06-19 UTC+2

Mercado bursátil el 13 de mayo: el SP500 y el NASDAQ cayeron

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron en alza, pero luego la situación cambió radicalmente. El S&P 500 subió un 0,38%, y el Nasdaq

Jakub Novak 13:06 2025-06-13 UTC+2

#SPX - Índice S&P 500 - el potencial de crecimiento no se ha agotado - pero existen matices... Análisis complejo - Horquillas de Andrews APLs & ZUP - desde el 13 de junio de 2025

Escala operativa Minute (marco temporal h4). Niveles técnicos principales para la negociación de #SPX - h4 - revisión de los posibles movimientos a partir del 13 de junio de 2025

Ratu Taslim 13:01 2025-06-12 UTC+2

Mercado bursátil el 12 de mayo: el SP500 y el NASDAQ bajaron ligeramente

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron en descenso. El S&P 500 cayó un 0,27%, mientras que el Nasdaq 100 retrocedió un 0,50%

Jakub Novak 12:11 2025-06-12 UTC+2

Mercado bursátil el 10 de mayo: SP500 y NASDAQ continúan al alza

Al cierre de la última sesión regular, los índices bursátiles estadounidenses mostraron un fuerte crecimiento. El S&P 500 subió un 0,09%, mientras que el Nasdaq 100 saltó un 0,31%

Jakub Novak 08:42 2025-06-10 UTC+2

Pronóstico para el S&P500 para el 10 de junio de 2025

S&P500 En el gráfico del marco temporal semanal, el precio hoy ha salido por encima de la línea de Kruzenshtern, la apertura de la semana se produjo por encima

Laurie Bailey 08:07 2025-06-10 UTC+2

Mercado bursátil el 9 de mayo: SP500 y NASDAQ subieron bruscamente

Al cierre de la última sesión regular, los índices bursátiles estadounidenses mostraron un fuerte crecimiento. El S&P 500 subió un 1,03%, mientras que el Nasdaq 100 saltó un 1,20%

Jakub Novak 08:31 2025-06-09 UTC+2

Mercado bursátil el 4 de mayo: SP500 y NASDAQ mostraron un crecimiento diario bastante fuerte

Según los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron al alza. El S&P 500 subió un 0,58 %, mientras que el Nasdaq 100 ganó un 0,81

Jakub Novak 08:50 2025-06-04 UTC+2

¿Está cerca el colapso del mercado bursátil de EE. UU.?

El conteo de ondas en el gráfico de 24 horas para el instrumento #SPX se ve en general claro. La estructura global de cinco ondas ni siquiera cabe

Chin Zhao 07:42 2025-06-04 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.