US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Natural Nutrition

One of the most important decisions you have to make to keep your dog healthy, concerns nutrition. Food is the engine that drives your dog through a better and longer life. There are several schools of thought on what types of nutrition you should feed your dog. You can reduce these two camps into two: manufactured and heavily processed food and natural nutrition.Those who believe in feeding their dog “natural” food believe it results in an increase in wellness and longevity. The supporters perceive commercial food as being less capable of providing the right nutrition for canines. Commercial processed foods, they argue, are too heavily processed and contain unnecessary chemicals and other additives. Some, they feel, are actually harmful for your dog and/or interfere with your canine’s ability to reach his or her full potential. The question remains: “What is natural nutrition and why is it supposed to be so good for my canine companion?”What Is Natural NutritionNatural nutrition refers to the contents of certain types of dog nourishment. It is natural because it does not contain any synthetic additions. A truly natural product has not contact with either pesticides or chemical preservatives. It comes from natural food sources. Top preference for the sources would be organic meat, fish, grains and vegetables. Another term that may arise is holistic. There is, however, a difference between these two types of nutritional suppliers.Organic food is approved by the United States Department of Agriculture (USDA) National Organic Program or its equivalent in Canada or Europe. All the ingredients do not contain or come into contact with hormones, chemicals or pesticides at any stage of their development. The process of the grains, meat and vegetables into the diet does not involve the addition of any of these same products or other chemicals, particularly preservatives, into the food at any time during the manufacturing process.Holistic nutrition is slightly different than organic is. While the demand for high quality ingredients that are chemical, pesticide, hormone and preservative free is the same, there are distinctions. Holistic nutrition is part of a more complex system of health and well-being. Its specific intent is to provide a positive effect on the animal’s health.Basic Natural NutritionWhether you prefer the labels holistic or organic, read the labels to understand what the food contains and whether it is healthy and suitable for your canine. Does it contain sufficient nutrients? Are these the right type in the right amount for your canine?What natural/organic/holistic nutritional food consists of is written clearly for you to read. Look at the label. The very first ingredients on the list will indicate how natural and nutritious the food will be for your dog.The first ingredient on the label indicates the largest percentage of the food consists of this. It should be any of the following· Whole chicken
· Whole turkey
· Whole lamb
· Whole venison
· Whole meatsNatural nutrition does not consist of meat by-products. Meat products is a catchall term for anything from horse hoofs to ground giblets. Whole meats contain the highest nutritional value.The next ingredient to consider is the whole grains. Unlike commercial products, natural nutrition relies on whole grains. They avoid wheat, flour and white rice. Instead, these contain brown rice and oats. These food are better fiber sources and easier for on the digestive tract.It is necessary to add preservatives. Organic and holistic dog food rely on natural alternatives. These include tocopherols or vitamin E. Natural nutrition also will include natural antioxidants. This includes rosemary. These are to help your canine in the fight against diseases. The food also contains phytonutrients commonly found in fresh fruits and vegetables, particularly blueberries, parsley, carrots and apples. These help promote health and healing in your dog.ConclusionNatural nutrition does not mean a raw food diet. It means providing your dog with a healthy diet. If you combine whole, natural grains and meat with phytonutrients and antioxidants, you create a powerful tool. Together these ingredients can help your dog create and live a long and healthy life.