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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) (‘Lode Gold ‘ or the ‘Company’) is pleased to announce it has closed $350,000 financing, previously announced on December 12, 2024. A total of 1,944,444 units at $0.18 per unit (each, a ‘Unit’) been issued.

Each $0.18 unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of $0.35 per common share for a period of three years following the date of closing.

The company may accelerate the expiry date if the shares trade at $0.65 or more for a period of 10 days, including days where no trading occurs. The closing of the offering is expected to occur one business day following receipt of all required regulatory approvals.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km2 and a 42 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 309 km2 package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940’s.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins – in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment (‘PEA’). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a ‘qualified person’ as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235731

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

In the weeks since Bashar al-Assad was ousted as Syrian leader, Russia has launched multiple flights to an airbase in the Libyan desert.

Moscow’s goal appears to be to find an alternative stopover for its growing military involvement in Africa – and a way to retain its military presence in the Mediterranean. For nearly a decade, the Hmeimim air base and Tartus naval facility on the Syrian coast have served both purposes.

Now the conflict-riven North African nation of Libya is central to Russian efforts to project power into the Mediterranean.

On December 28, an Antonov returned to Hmeimim from Libya.

Hmeimim has been the hub from which Russian mercenary operations in Africa – at first in the Central African Republic and later in Sudan, Libya, Mali and Burkina Faso – were sustained.

By strengthening its presence in Libya, Moscow may retain enough capability to pursue its broader ambitions further south in Africa, absorbing the new costs inevitably associated with Assad’s downfall, Harchaoui said.

Geolocated video shows at least one of the planes that recently arrived at al-Khadim flew on to Bamako in Mali, where Russia has recently supplanted long-term French influence.

“Russian flights to Bamako via Libya demonstrate that Russia has already turned to Libya as an alternative to its Syrian bases,” analysts at the American Enterprise Institute’s Critical Threats project said in a briefing note.

The flights are not consistent with the previous pattern of Russian Africa Corps rotations to Bamako, it added. Russia’s Africa Corps, under the aegis of its defense ministry, is the successor to the Wagner mercenary group in Africa.

The Russians have had a foothold at al-Khadim for several years, while supplying mercenary fighters and weapons to support Gen. Khalifa Haftar, the self-declared ruler of much of eastern Libya. The investigative outfit All Eyes on Wagner reported earlier this year that a secure compound had been built near the base for Russian personnel transiting to other parts of Africa.

A deputy Russian defense minister, Yunus-Bek Yevkurov, has made several visits to Libya to consolidate links with Haftar in the past two years.

That relationship may be set to deepen if the Russian navy is eyeing a port under Haftar’s control as an alternative to its facility at Tartus in Syria.

NATO concerns

The prospect is not going down well in NATO capitals. Italian Defense Minister Guido Crosetto told Italian daily La Repubblica that, “Russian ships and submarines in the Mediterranean are always a concern, and even more so if instead of being 1,000 kilometers away they are two steps from us.”

It’s no coincidence perhaps that a week ago the Italian military’s chief of staff, Gen. Luciano Portolano, visited Tripoli – where Haftar’s United Nations-backed rivals govern.

According to a senior NATO official, the 32-member defensive alliance is monitoring activity in both Tobruk and Benghazi in Libya.

A Mediterranean home for Russian warships is critical to Moscow as the Black Sea fleet is not permitted to transit the Bosphorus while Russia is at war with Ukraine.

“Russia has not deployed naval vessels to Tobruk just yet, which is very smart since such a brazen move could have provoked NATO’s mobilization prematurely,” Harchaoui said.

Haftar is a mercurial and ageing leader in a chronically divided and volatile country. “Haftar is often switching allegiances, only controls half of the country and is, at an age of 81, not exactly a youthful figure,” said Ulf Laessing, head of the Sahel Program at the Konrad Adenauer Foundation in Mali.

“There is no legal agreement like with Syria, and Haftar could anytime show the Russians the door,” Laessing added. He could exploit his position to demand more sophisticated Russian hardware – which Moscow can ill afford to spare.

In some ways, Libya is a poor substitute for Syria. Transport planes can only practically reach Libya from Russia if they are allowed to overfly Turkey, providing Turkish President Recep Tayyip Erdogan with a handy bargaining chip.

Damascus ambivalent

It’s not clear that Syria’s new leadership is determined to kick the Russian military out of Hmeimim and Tartus. Interim leader Ahmed al-Sharaa said in an interview this week that the new government does not want Russia to leave the country “in a manner that does not fit its relations with Syria.”

But given Syria’s uncertain trajectory, Moscow will want to hedge its bets in a region of growing strategic importance.

“Even if the new rulers allow Russia to keep the Hmeimim air and Tartus naval bases it will have to cut down its troop levels and logistics such as ammunition warehouses in Syria as they are no longer needed to support Assad,” Laessing said.

Harchaoui agreed, saying that even if Russia maintains some presence in Syria, the level of comfort, logistical ease and security it once enjoyed under Assad will never return.

Russian President Vladimir Putin has shrugged off Assad’s ouster but Laessing said his fall was a real blow to Putin’s Africa ambitions.

African governments that have leaned towards Moscow for their security may now think twice about its reliability, which “will hamper its ability to strike new deals for the Africa Corps mercenaries,” said Laessing. “It didn’t (go) unnoticed in Mali or Niger that Russia did not come to Assad’s help.”

Even so, Russia has dragged a coal from the fire of Assad’s demise, said Harchaoui. Its “logistical network has neither been destroyed nor entirely decimated; it has merely been degraded and rendered more costly, more uncertain, and shakier.”

This post appeared first on cnn.com

Standing barefoot in the mud with an empty container in hand at a crowded water station in central Gaza, Palestinian Alaa Al-Shawish is fearing the winter weather and looking for clean water for her family.

Her family are living in a makeshift tent in Deir Al-Balah, after being displaced from Gaza City amid heavy Israeli bombardment. But their new home holds deadly perils of its own.

“We’re dying from the cold, this is not life, this is not living – I pray every day that we die to be relieved from this life,” Alaa says as she fights her tears. “No food, no water, no life.”

Several Palestinians, including at least five babies, have died in recent days due to severe cold weather. The UN’s agency for Palestinian refugees (UNRWA) warned on Tuesday that “more babies will likely die” in the coming days.

The babies who died from hypothermia were ere all under one month old, according to the Palestinian Health Ministry. A 2-year-old has also died from the cold in recent days, health officials said.

“I am watching my children die before my eyes,” says Yahya Al-Batran, the father of 20-day-old Jumaa, who died on Sunday. “He died from the cold, he froze,” he adds as he holds his child’s lifeless body at the hospital.

The cold weather has not only claimed the lives of children. On Friday, the health ministry said a nurse was found dead in his tent in Al-Mawasi on Friday due to severe cold.

Temperatures in Gaza can reach lows of 10 degrees Celsius (50F), accompanied by wind and rain.

Flooded makeshift tents

The winter has also brought with it heavy rainfall that has flooded tents housing displaced Palestinians across Gaza over the past couple of days.

The Gaza Civil Defense says it received hundreds of distress calls on Monday and Tuesday from displaced Palestinian families whose tents and shelters have been flooded in Al-Mawasi, Rafah, Deir Al-Balah and central Gaza City, among other locations across the strip.

More than 100 tents in Khan Younis have been extensively damaged by the heavy rain, UNRWA said on Tuesday.

“Displaced people, already living through the unlivable due to the war, are now battling heavy rainstorms,” UNRWA added.

UNRWA has called for Israel to allow the entry of more winter supplies into Gaza.

“Blankets, mattresses and warm clothes are sitting outside Gaza waiting for approval to get in,” UNRWA said on Tuesday. “More and regular humanitarian assistance must come into Gaza to help people stay warm this winter.”

According to COGAT, the Israeli agency that approves aid shipments into Gaza, 1,290 humanitarian aid trucks entered the strip last week. This is well below the average of 500 trucks per day before the war started on October 7, 2023.

Salem Abu Amra is among the civilians who are bearing the brunt of the cold and lacking supplies in Gaza. He says his family is “struggling for survival” in their makeshift tent in Deir Al-Balah.

“We are suffering from the rain, we were flooded,” he said. “I have three children who were freezing cold overnight in the camp from this weather. They need clothes, they need tents, proper tents that we can live in.”

This post appeared first on cnn.com

Venezuela’s Supreme Court has fined TikTok $10 million, accusing it of failing to control the spread of viral challenges that have allegedly led to the deaths of three children.

Magistrate Tania D’Amelio said Monday the company had eight days to pay the fine to the National Communications Commission (Conatel), and that the money would be used to create a special fund to “compensate the victims of the viral challenges.”

She also demanded that the video platform establish an office in the country to represent itself.

The court did not specify what the consequences would be if TikTok did not comply with the ruling.

D’Amelio said three young people had died and numerous others had been affected by these challenges, but did not offer details or refer to a specific case.

In November, Venezuelan President Nicolás Maduro said at least two of the children had died after participating in challenges that involved inhaling toxic substances or taking anxiety medication without falling asleep.

The court ruling read by D’Amelio said TikTok had not implemented “the necessary and adequate measures to prevent the dissemination of publications whose content is allusive to the so-called viral challenges, violating the legal system in Venezuela.”

The decision comes after the education organization Bolivarian Movement of Aristóbulo Istúriz Families filed an appeal for protection which, according to D’Amelio, argued that viral challenges affect minors psychologically.

The court accepted the appeal for protection after Maduro in November demanded that TikTok remove content related to viral challenges.

The Venezuelan government has previously issued restrictions on social media platforms.

In August, Maduro announced that Conatel had suspended access to the social network X for 10 days, after its owner Elon Musk questioned the result of the presidential election on July 28.

However, many Venezuelans can still access X by using a Virtual Private Network (VPN) to hide their IP address.

This post appeared first on cnn.com

Thousands of Bangladeshis rallied at a ‘March for Unity’ in the capital Dhaka on Tuesday to mark the student-led uprising five months ago that led to the ouster of longstanding Prime Minister Sheikh Hasina and remember the more than 1,000 killed in the violence.

The Students Against Discrimination (SAD) group that led the protests, dropped a plan to call for changes to the country’s 1972 constitution at the rally, after the interim government announced on Monday that it would prepare a proclamation.

SAD says a ‘Proclamation of the July Revolution’ is essential to honour the sacrifice of the protesters who died or were wounded, and to serve as a document reflecting the people’s aspirations. Some political analysts had expressed concern that there could be fresh instability if students sought changes to the constitution without broader consensus.

The press office of Nobel Peace Prize laureate Muhammad Yunus, who leads the interim government, said it would seek national consensus on a ‘Declaration of the July Uprising’, focusing on unity, state reform, and the broader goals of the uprising. It expressed hope that a declaration would be finalized soon.

On Tuesday, groups of students arrived from across the country and families of those killed in the unrest also joined the rally. They carried the national flag and chanted slogans against Hasina.

“My son Shahriar, a ninth-grade student, was killed (during the protests),” Abul Hasan told the rally. “Our tears will never stop, this pain will never end.”

The protests were initially sparked by opposition to public sector job quotas. What started as a student-led movement quickly morphed into a broader, nationwide uprising against Hasina’s government.

The unrest reached its peak on August 5, when violence forced Hasina to resign and flee to India, just before protesters stormed her official residence. Over 1,000 people were killed during the protests, marking the country’s deadliest period since its 1971 independence war.

An interim government was formed, tasked with restoring stability and preparing elections. The interim administration includes two representatives of the students.

Yunus has said elections could be held by the end of 2025.

This post appeared first on cnn.com

The damaged flight data recorder from the Jeju Air passenger jet that crash-landed in South Korea will be sent to the United States for analysis, Seoul’s transport ministry said Wednesday, as bereaved families began visiting the crash site.

The recorder is one of two “black boxes” retrieved from the Boeing 737-800 after it belly-landed at Muan International Airport in the country’s southwest on Sunday, killing all but two of the 181 people onboard, the deadliest aviation accident for South Korea in almost three decades.

Authorities said the black box was damaged in the crash, and concluded that South Korea is not capable of extracting the data, Seoul’s deputy minister of civil aviation Joo Jong-wan told reporters Wednesday. Earlier, Joo said the flight data recorder was missing a connector.

Once the device has been sent overseas, the US National Transportation Safety Board will lead the analysis and be joined by South Korean investigators. It is not clear how long the process will take.

Meanwhile, investigators have extracted initial data from the second black box – the cockpit voice recorder – and are working to convert its contents into voice files, Joo said.

The process, which is taking place in South Korea, will take about two days. Authorities hope the data from both black boxes will offer vital information that could help determine the cause of the disaster.

“The cause of the accident will be revealed by comprehensively analyzing and reviewing detailed investigations of the aircraft, fuselage and black box,” South Korea’s acting president Choi Sang-mok said Wednesday.

Authorities said they had finished identifying all 179 people killed in the crash, but only 11 bodies have been released so far from a temporary mortuary to the families so they can make funeral arrangements.

Families and loved ones of those onboard have been camped out at the airport in Muan since Sunday. Buses on Wednesday carried relatives of the victims to the crash site in groups, to pay their respects.

An altar has been set up at the airport, with queues of mourners congregating and offering prayers on the first day of the new year.

It is not yet clear what caused the crash of Jeju Air flight 7C 2216 from Bangkok to Muan, and the investigation could take months.

The pilot issued a mayday call and reported a bird strike before making the doomed emergency landing.

Footage of Sunday’s crash broadcast by multiple South Korean news outlets showed that neither the back nor front landing gear was visible. Video showed the plane sliding on its belly at high speed, hitting an earthen embankment and erupting into a fireball.

A possible bird strike, lack of landing gear deployment and a concrete barrier at the end of the runway could all have contributed to the tragedy.

Twelve investigators from South Korea and 10 from the United States – including officials from the Federal Aviation Administration, National Transportation Safety Board and plane manufacturer Boeing – are involved in the joint investigation, according to the transport ministry.

This post appeared first on cnn.com

Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department store chain reported adjusted earnings per share of $0.20, significantly below analysts’ expectations of $0.31. Revenue declined 8.8% year-over-year to $3.51 billion, missing the consensus estimate of $3.65 billion, while comparable sales fell 9.3%, reflecting continued weakness in its core apparel and footwear categories.

In response to the challenging environment, Kohl’s cut its full-year earnings forecast. The new range is $1.20 to $1.50 per share. This is a stark reduction from its prior outlook. It is also below Wall Street’s consensus of $1.86. The company now expects full-year net sales to decline by 7%-8%. Comparable sales are projected to drop 6%-7%. This signals further headwinds in the months ahead.

CEO Tom Kingsbury acknowledged the struggles in key categories but highlighted growth in segments like Sephora and home decor. However, these gains were insufficient to offset the broader declines. On a positive note, gross margin improved slightly, rising 20 basis points to 39.1%, and inventory levels were reduced by 3% year-over-year.

Kohl’s is facing mounting challenges. Weak consumer demand is weighing

Kohl’s shares Chart Analysis

KSS/USD 15-Minute Chart

The 15-minute chart of Kohl’s Corporation (NYSE: KSS) demonstrates significant price action and momentum shifts over recent sessions. After a prolonged downtrend, the stock bottomed near $16.12 on the 20th before experiencing a sharp bullish reversal. A strong green candlestick on the 22nd signals robust buying interest, pushing the price above $18.

The RSI (Relative Strength Index) initially showed oversold conditions below 30 before recovering, peaking above 70, signalling overbought territory during the recent surge. Currently, RSI is at 55.71, suggesting neutral momentum but leaning towards consolidation. The price now sits around $18.34, reflecting a slight pullback after reaching a session high of $18.74.

Resistance appears near $18.50–$18.75 as the price struggled to maintain upward momentum. Support levels can be observed around $17.00–$17.50, offering potential entry points if a retracement occurs. The recent price breakout and volume spikes suggest a bullish bias in the short term, though continued strength is contingent on holding above $18.

Traders should monitor RSI divergence and volume patterns to confirm a potential continuation of the uptrend or a reversal. A break above $18.75 could pave the way for higher highs, while failure to hold $18 may signal a correction toward key support zones.

The post Kohl’s Shares Plunge 11% appeared first on FinanceBrokerage.

The opening of a Starbucks near South Korea’s Demilitarized Zone (DMZ) highlights the intersection of global commerce and geopolitics, showcasing the brand’s ability to establish itself even in politically sensitive locations. Positioned in an observatory in Gimpo, just 1.4 km from North Korea, the café provides patrons with a rare view of the reclusive state while enjoying the familiarity of a latte. This unique location is expected to attract both domestic and international visitors, capitalizing on the DMZ’s status as an unlikely tourist destination.

While Starbucks often tailors its expansion strategies to local cultural and economic contexts, this store’s strategic placement reflects its ambition to tap into South Korea’s thriving coffee culture while offering a distinctive experience. Tourists passing through military checkpoints and viewing North Korean territory emphasize the symbolic and literal bridging of starkly different worlds—a marketing narrative that could further boost Starbucks’ appeal.

From a business perspective, this venture demonstrates Starbucks’ commitment to innovation in location strategy, leveraging geopolitical intrigue to drive foot traffic. However, given the ongoing tensions on the Korean peninsula, the store’s proximity to such a contentious border could pose operational and reputational risks. Overall, this opening underscores the brand’s global reach and ability to find opportunity in unconventional markets.

Sturbucks Stock Chart Analysis

This 15-minute chart for Starbucks Corporation (SBUX) highlights recent price action. The stock is trading at $101.51, down 0.21% for the day. The overall trend on this timeframe shows a sharp rally early in the week, followed by a pullback and consolidation.

The chart indicates a recent high of $103.33, which may act as a key resistance level. The price retreated from this level and found support near $97.11. This bounce shows potential buyer interest around the lower levels. The recovery on the 27th suggests renewed bullish momentum but is tempered by some sideways trading in the most recent sessions.

The Relative Strength Index (RSI) is at 50.37, which reflects neutral momentum. It suggests neither overbought nor oversold conditions, indicating potential indecision among market participants.

From a technical perspective, the key zones to watch include resistance at $103.33 and support at $97.11. A break above resistance could pave the way for further upside, while a drop below support might indicate renewed bearish sentiment.

Traders may look for confirmation through volume or additional indicators, as the sideways consolidation suggests a lack of strong conviction in either direction at the moment. A breakout or breakdown is likely to set the next trend.

The post Starbucks (SBUX) Stock Analysis: Key Resistance at $103.33 appeared first on FinanceBrokerage.

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.