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.

How Sports Nutrition Can Affect Health

The sports nutrition that any athlete consumes is a very important aspect and a huge determinant of his health and in turn affects his performance. Everyone knows that in today’s competing world of sports, one must perform at his best to even qualify. And when it comes to winning, it’s not enough to give your best- you need to be better than the best.To play any sport, an athlete must maintain a healthy lifestyle. It’s not only required to practice and polish the skills of the sport, but is also equally important to nourish the body so that there will be enough energy and strength to play that sport. Let’s take a look at how the right sports nutrition can help in this regard.You, assuming that you are an athlete or thinking of becoming one, must, first and foremost, understand the principles of sports nutrition completely. What is the point of staying healthy when you do not even know what being healthy is all about?Firstly, it’s important to avoid engaging yourself in false beliefs and misconceptions. Myths are completely different from facts, and your sports nutrition health is indeed a fact so do not, under any circumstances, mix unreal and unproven principles with facts. Compromising with your health based on misinterpretation of the facts can seriously jeopardize your career as an athlete.It’s easy to talk about managing your health than actually doing it. So to start with, you must take note of nutrition requirements that are related to your training program. Failure to recognize these said requirements would cause stress not only to your body, but also mentally. When you don’t know what are up against, how can you build energy to tackle it?Taking experts’ advice on the sports nutrition is helpful too. You might be taking carbohydrates all right but not in the right amount or in the amount that is appropriate for you. So there will either be an excess or a lack, and neither is helpful for your health status.Let’s make one point clear though. There is a lot of difference between having well balanced sports nutrition and dieting to lose fat. Do not, under any circumstances, mistake them to be the same thing or else your health will be compromised.You may have an extremely busy schedule, being an athlete and all, but you must still consume appropriate amount of food. So you must manage your time well to have an adequate time for eating. Time management is definitely the key.For starters, you may not be financially stable right away, but that is how it always is when you are just beginning. However, this scarcity of finances might be a factor for you not to be able to attain adequate food supplies.For those who are already making it big, your sports nutrition health should always come first. This means you have to manage your money efficiently so that you can have the appropriate supply of food, and still have enough to spend for maintaining your lifestyle.A usually ignored, but quite important nutrition and health impairing factor is frequent traveling. Besides from the fact that traveling is expensive, it comes with a huge tendency that you will be taking your food on the road which leaves you with very few healthy choices.Or if you carry the food, it minimized the selection of your food items to those that are portable. That will leave out the food that is difficult for you to carry but is important for your sports nutrition health. The time for eating should also not be modified.Sports nutrition experts break the nutrition into the basic three types that the food basically is made up of. That is protein, carbohydrates and fats. A correct balance of these components in your body is very important. Anything in excess or in deficiencies could be a cause of a nutritional downfall.Proteins give energy to the body. Whereas fats are the things that you should be more concerned about since these are the ones that decide what kind of shape to give to your body. You must not lose more than one half pound of fat in a week because if this happens, your body will individually think that you are undergoing a fasting, trying to starve yourself. If this is the case, your metabolism slows down since there is a need to conserve calories that have been used and also since your muscles will be used as sources of energy.To say the least, you need to carefully follow the guidance about sports nutrition and ponder over the tips given in this article. Remember, it’s possible to be a successful athlete provided you maintain your health well!