empty
25.11.2022 11:50 AM
US premarket on November 25: US stock market stands still after Thanksgiving

Global stock indices and forex pairs are trading mixed amid subdued market sentiment on Friday. Treasury bonds rose after trading resumed after Thanksgiving in the US. European stock indices remain stable. Futures contracts on the S&P 500 and Nasdaq 100 indices rose slightly after recent comments from Federal Reserve officials who supported a slower pace of interest rate hikes.

This image is no longer relevant

This week, we have heard several speeches by Federal Reserve officials who felt that slowing the pace of rate hikes would probably be more appropriate soon, as keeping aggressive policy at the same level could seriously hurt the country's economy. This supports stock indices and allows them to hold at current levels.

Market participants are also seeking hints not only about the next rate hikes but also about how far the policymakers may go with it next year to curb raging inflation. As some experts point out, it is just as important for the public to pay more attention to how high the interest rates may be raised rather than the pace of further interest rate hikes.

Stocks of Chinese tech companies showed declines as investors compared the recent rise to the rise in Covid-19 cases. However, the outlook for Chinese markets is improving, despite the current outbreak. This is due to the US-China negotiations and the lifting of some of the restrictions that have been imposed on the technology sector.

In Japan, the 10-year bond yield rose by one basis point to 0.25%, the top end of the central bank's target range, after data showed Tokyo's inflation accelerated to its highest level in 40 years.

Oil prices are falling for the third week, and the European Union is assessing a higher-than-expected price ceiling on Russian oil supplies. Concerns about slowing global growth are jeopardizing the outlook for energy demand. Gold shows a modest weekly gain.

As for the S&P 500 index, yesterday's surge was successful. Currently, bulls should protect the support of $4,000. As long as the index is trading above this level, the demand for risky assets is expected to persist. This may strengthen the trading instrument and return the level of $4,038 under control. If the price pierces $4,064, this is likely to trigger an upward correction to the resistance of $4,091. The next target is located in the area of $4,116. If the price declines, bulls will have to protect 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 level of $3,942.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Stock Market Buy and Sell Recommendations – May 22, 2025

Buy Google Shares (#GOOG) Google, a multinational corporation within Alphabet Holdings, specializes in internet search, cloud computing, and advertising technologies. After the price consolidated above the 165.21 level (the

Laurie Bailey 05:06 2025-05-22 UTC+2

US market pulls back. Correction in sight?

S&P 500 Overview for May 21US market pulls back. Correction in sight? Major US indices on Tuesday: Dow -0.3%, NASDAQ -0.4%, S&P 500 -0.4%.S&P 500: 5,940, trading range: 5,400-6,200

Jozef Kovach 12:41 2025-05-21 UTC+2

Update on US stock market on May 20. Market holding gains without any correction

S&P500 Update on US stock market on May 20. Market holding gains without any correction Snapshot of benchmark US stock indices on Monday: Dow +0.3%, NASDAQ +0.0%, S&P 500 +0.1%

Jozef Kovach 11:00 2025-05-20 UTC+2

US credit rating downgrade raises odds of market correction

S&P 500 Overview for May 19 US credit rating downgrade raises odds of market correction Major US indices on Friday: Dow +0.8%, NASDAQ +0.5%, S&P 500 +0.7% S&P 500: 5,958

Jozef Kovach 12:32 2025-05-19 UTC+2

US Market: stalling below yearly highs

S&P 500 Overview for May 15 US Market: stalling below yearly highs Performance of the key US indices on Wednesday: Dow -0.2% | NASDAQ +0.7% | S&P 500 +0.1% S&P

Jozef Kovach 12:59 2025-05-15 UTC+2

Stock market buy and sell recommendations for May 15, 2025

Buying JP Morgan Chase shares (#JPM) JP Morgan Chase is an American multinational financial conglomerate. On the weekly chart, the stock has accelerated to the upside, likely aiming to reach

Laurie Bailey 12:56 2025-05-15 UTC+2

Update on US stock market on May 14

S&P500 Snapshot of benchmark US stock indices on Tuesday: Dow -0.6%, NASDAQ +1.6%, S&P 500 +0.7%. S&P 500: 5,886, range 5,400–6,200. Yesterday was another winning session for stocks. The S&P

Jozef Kovach 13:05 2025-05-14 UTC+2

Stock market buy and sell recommendations for May 14, 2025

Buying company shares (#IBM) International Business Machines (IBM) is one of the largest US-based IT companies, engaged in hardware manufacturing, software development, and more. On the daily chart, Monday's session

Laurie Bailey 13:03 2025-05-14 UTC+2

S&P 500 Forecast for May 14, 2025

On the weekly chart, the price has broken through the resistance of the embedded line of the green price channel and reached the target level of 5,908, the low from

Laurie Bailey 12:53 2025-05-14 UTC+2

Update on US stock market on May 9. SP500 and NASDAQ trading higher

At the close of the last regular session, US stock indexes ended in the green. The S&P 500 rose by 0.58%, the Nasdaq 100 gained 1.07%, and the industrial

Jakub Novak 15:36 2025-05-09 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.