Top.Mail.Ru
empty
06.07.2023 04:05 PM
Janet Yellen has arrived in Beijing for negotiations

According to recent information, Finance Minister Janet Yellen has arrived in Beijing today for a four-day visit to seek common ground areas. This trip comes as the rivalry between the United States and China intensifies, causing harm to both national economies and global economies.

Experts note that Yellen's visit marks a thaw in relations between the two countries and follows Secretary of State Antony Blinken's visit to Beijing last month, which was the first high-level meeting between the United States and China after several years of tension.

This image is no longer relevant

It is important to highlight that just a few days ago, China imposed restrictions on the export of metals and their compounds in response to recent actions by the United States, which sought to ban the export of AI chips. This escalation has fueled the technological war between Beijing, the United States, and Europe.

During her stay in Beijing, Yellen is expected to discuss possible solutions to the technological conflict with Chinese officials, as it has significant implications for the world's two largest economies.

Chinese President Xi Jinping emphasized in a recent speech that China opposes severing ties and is committed to contributing further to global economic growth, a shared responsibility among many developed countries. Xi Jinping's statement highlighted China's willingness to collaborate with all parties to implement initiatives that foster economic growth and benefit people in different countries. He also condemned protectionism, unilateral sanctions, and the violation of national security concepts.

In pre-market trading, JetBlue Airways shares declined by 1.3% after the company announced the termination of its partnership with American Airlines in the Northeast United States, shifting its focus to Spirit Airlines. American Airlines shares fell by approximately 0.9%, while Spirit Airlines shares rose by 2.3%.

Meta shares, the social network, saw an increase of around 2% in pre-market trading following the launch of Threads, a direct competitor to Twitter. Meta CEO Mark Zuckerberg announced on his Threads account early Thursday morning that 10 million people had registered on the platform within seven hours of its launch.

Sweetgreen's shares surged more than 4% after Bank of America upgraded the stock rating from "hold" to "buy." The decision was based on the growing number of visitors to the network.

Bank of America shares remained relatively stable in pre-market trading after the bank announced an increase in payouts from 22 cents to 24 cents per share. Economists estimate that the 9% increase will result in a dividend yield of approximately 3.3% based on Wednesday's closing price. This increase follows Bank of America's discussion with the Federal Reserve regarding discrepancies in the central bank's stress test results and the internal version of the test.

Microsoft shares rose by 0.8% in pre-market trading as Morgan Stanley raised the target price, suggesting that the company's market value could surpass $3 trillion due to the influence of artificial intelligence.

Regarding the technical outlook for the S&P500, demand for the index has slightly decreased. However, buyers still have the opportunity to continue the upward trend, although bulls need to put in effort to reclaim the levels of $4427 and $4447. If successful, a surge to $4469 may follow. Bulls should also prioritize controlling over $4488 to strengthen the bullish market. In case of further downward movement due to decreased risk appetite, buyers must assert around $4405. Breaking below this level would push the trading instrument back to $4382 and pave the way toward $4357.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US stock market poised to pull back after three months of steady rally

July ends with another victory for the bulls: the S&P 500 closed higher for a third consecutive month, reaching a new all-time high at 6,427. But the triumph feels tainted

Anna Zotova 12:39 2025-08-01 UTC+2

US stock market on August 1: S&P 500 and NASDAQ extended their decline

US stock indices ended lower again yesterday, with the S&P 500 falling by 0.37% and the Nasdaq 100 slipping by 0.04%. The Dow Jones Industrial Average dropped by 0.43%. Global

Jakub Novak 10:37 2025-08-01 UTC+2

Stock market as of July 31: S&P 500 and Nasdaq hold ground

At the end of the previous trading session, US stock indices closed mixed. The S&P 500 slipped by 0.12%, while the Nasdaq 100 gained 0.15%. The industrial Dow Jones declined

Jakub Novak 10:06 2025-07-31 UTC+2

Bank of Japan meeting and three more signals you can't afford to miss this week

Global markets are overwhelmed by turbulence: investors are weighing the risks of a renewed plunge in the yen amid political uncertainty and the upcoming Bank of Japan meeting. Meanwhile, Brent

Аlena Ivannitskaya 13:22 2025-07-30 UTC+2

US equities: overbought territory or new normal?

While the US stock market pulls back from another all-time high, the Buffett indicator continues to set fresh records. To recap, Warren Buffett's indicator reflects the ratio

Jakub Novak 10:48 2025-07-30 UTC+2

Stock market on July 30: SP500 and NASDAQ continue their corrections

US stock indices ended last Friday in decline. The S&P 500 dropped by 0.30%, and the Nasdaq 100 fell by 0.30%. The Dow Jones Industrial Average lost 0.46%. Asian equities

Jakub Novak 09:24 2025-07-30 UTC+2

Update on US stock market on July 29. SP500 and NASDAQ going through correction

US stock indices closed mixed last Friday. The S&P 500 inched up by 0.02%, while the Nasdaq 100 added 0.33%. The industrial Dow Jones declined by 0.14%. Asian stocks have

Jakub Novak 09:28 2025-07-29 UTC+2

Stock market on July 28: S&P 500 and NASDAQ set fresh all-time highs

Last Friday, US stock indices closed higher. The S&P 500 rose by 0.40%, while the Nasdaq 100 added 0.20%. The Dow Jones Industrial Average strengthened by 0.47%. The record-breaking rally

Jakub Novak 09:29 2025-07-28 UTC+2

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2
Can't speak right now?
Ask your question in the 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.