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The fourth consecutive trading day saw the US market rebound.

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After better-than-expected quarterly earnings, Alphabet and Advanced Micro Devices led tech shares gains that helped the US markets rise during the day. The Asia markets are expected to rise, although massive shares price falls in Meta Platform, PayPal, and after-hours trading in the US. The SPI futures are slightly higher, but the NZX50 is up 0.5% in half an hour.

Stocks in the USA

The US markets recovered for the fourth consecutive day. The Dow Jones Industrial Average was up 0.62%, while the S&P 500 rose by 0.94%, and the Nasdaq gained 0.5%.

Fourth-quarter earnings were strong for mega-cap tech companies. Alphabet shares rose more than 8% to a new record high following solid revenue growth and a 20-for-1 stock dividend announcement. Advanced Micro Devices rose 5% following positive guidance for the entire year and beating expectations by chipmaker Chipmaker. Apple rose 0.72%, and Microsoft climbed 1.57%.

Meta Platform shares rose 1.4% before its earnings report. However, after-hours trading saw shares fall more than 20% due to the worse-than-expected guidance in the first quarter.

PayPal shares fell more than 24% due to disappointing guidance. Shares are now 57% lower than their record high.

ADP’s non-farm employment data was disappointing, with jobs falling by 301,000 in January. This indicates that there will be weak growth in job creation data due Friday. Goldman Sachs predicts a 250,000 drop in January. This data shows that rising labor costs and a shortage of workers are slowing down the labor market, while inflation is still a concern.

Treasuries

With the poor employment data, US bond yields dropped. The US Treasury yield on the 10-year term fell to 1.773%, compared to 1.804, and the Treasury yield on the 2-year was at 1.158%.

Commodities

WTI futures increased slightly to $US88.31 per barrel following announcements by top oil-producing nations, led by Russia and Saudi Arabia, of a modest increase in production on Wednesday despite rising crude prices and geopolitical tensions rattling markets.

The 23-nation OPEC+ Group stated that it would increase production by 400,000 barrels/day in March. This is the same amount as previous months.

The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC), and their ten allies, including Russia, have resisted the US demands to increase production to lower prices.

Supported by a weaker US Dollar, the gold futures price rose by $US5.50 to $US1,806.60.

Currencies

Due to weaker Eurodollar and falling bond yields, the US dollar index fell on its third trading day. The dollar index dropped 0.44% to 95.945, 1.6% below its January high of 97.440. After the Eurodollar rose 0.33% against US dollars, the region’s CPI data of 5.1% was higher than expected. This increased the expectations that the ECB will be more hawkish tomorrow.

Cryptocurrencies

After three days of gains, cryptocurrencies dropped in general. Bitcoin fell 4.17% to just over $US37,000, and Ethereum fell 4.77% to $US2,656

CMC Markets does not execute orders. Whether it contains opinions or not, this material is intended for general information only and does not consider your circumstances or goals. This material should not be regarded as financial, investment, or other advice. CMC Markets and the author do not endorse any investment, security, transaction, or investment strategy suitable for any individual. This material was not prepared in compliance with the legal requirements that promote independent investment research. We are not prohibited from dealing with the material before it is provided, but we don’t intend to profit from it before its distribution.

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Innovative Alchemists: Unleashing the Genius of Technical Masterminds

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In the dynamic realm where circuits hum, code weaves its intricate dance, and innovation is the currency, there exists a league of individuals who transcend the ordinary—Technical Masterminds. These aren’t just engineers, developers, or architects; they are the innovative alchemists, turning bits and bytes into technological gold. Join us as we delve into the minds of these visionaries, exploring the unparalleled genius and transformative power that defines the world of Technical Masterminds.

“Tech Alchemy Unleashed: Decoding the Minds of Technical Masterminds” is not just a title; it’s an exploration into the wizardry of those who navigate the digital realms with finesse. This article is an invitation to unravel the layers of creativity, problem-solving prowess, and visionary thinking that set Technical Masterminds apart in the ever-evolving landscape of technology.

At the heart of this exploration lies an acknowledgment of the diverse skills that Technical Masterminds possess. “Tech Alchemy Unleashed” delves into the unique blend of logic, creativity, and analytical thinking that defines their approach to solving complex technological challenges. From coding marvels to hardware innovations, Technical Masterminds are the architects of a digital revolution.

A standout feature is the adaptability and foresight woven into the fabric of Technical Masterminds’ endeavors. “Tech Alchemy Unleashed” explores how these individuals not only master existing technologies but also anticipate and shape the technologies of tomorrow. Their insatiable curiosity and commitment to continuous learning set them apart as true pioneers in the tech landscape.

Technical Masterminds are not confined by the constraints of the present; they are the architects of the future. “Tech Alchemy Unleashed” illustrates how these individuals envision possibilities beyond the immediate horizon, pioneering solutions that have the potential to reshape the technological landscape.

As we navigate through the digital alchemy of Technical Masterminds, the article becomes a celebration of the minds that fuel the technological marvels we encounter daily. It’s a recognition that, in the realm of technology, Technical Masterminds are the driving force behind progress and innovation.

“Tech Alchemy Unleashed: Decoding the Minds of Technical Masterminds” is not just an article; it’s an ode to the alchemists who turn lines of code into digital symphonies, who engineer solutions that redefine industries, and who navigate the complexities of the tech landscape with unwavering expertise.

As Technical Masterminds continue to chart their course in the ever-expanding horizon of technology, “Tech Alchemy Unleashed” invites us to appreciate the brilliance, the ingenuity, and the transformative spirit that defines these individuals. It’s an exploration of the minds that turn tech dreams into reality, leaving an indelible mark on the digital tapestry of our interconnected world.

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