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.

The Benefits of Fitness: How Exercise Helps with Mental Health

Mental health is something that is often discussed, but not always understood. It is not a single state but rather a combination of different factors. Mental health can range from how we manage stress to the balance between our rational and irrational thinking. Not everyone has perfect mental health, but with time and effort it can be improved. The positive effects of exercise on our physical wellbeing are well-documented, so much so that many now recognize the benefits of fitness on mental health as well. Athletic activities have many positive effects on your brain and general wellbeing, which is why adding some form of exercise to your weekly routine is recommended for maintaining optimum mental health. Keeping active has been scientifically proven to improve concentration, memory, learning capacity, and problem solving skills.

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Understanding Mental Health

Mental health is a broad term that refers to our psychological wellbeing. Stress, mood, and anxiety levels, as well as our ability to handle daily stressesors, are all indicators of our mental health. A mental disorder is a condition that disrupts a person’s ability to function normally. These disorders can be mild or severe, and can affect people of all ages, genders, ethnicities, and socioeconomic groups. There are many factors that can impact mental health. Genetics, environment, and life experiences can all contribute to how we view and manage stress, our emotional state, and our ability to cope with challenging situations.

How Exercise Helps Mental Health

Exercise is commonly associated with improvements to physical health, such as boosting the immune system and strengthening muscles. Exercise is also a great tool for improving mental health and cognition. When we exercise, our bodies produce substances called endorphins. These endorphins are chemicals that are responsible for feelings of euphoria and relaxation. When endorphins are released, they block pain receptors and have a calming effect. Exercise also helps us sleep better, another important factor in maintaining good mental health. It is important to remember that not all exercise is created equally. In order to reap the full benefits of exercise on your mental health, you need to be doing enough activity to get your heart rate up and truly break a sweat.

Exercise and Depression

Exercise has been proven to reduce symptoms of depression. This mental disorder is characterized by feelings of sadness, irritability, and a reduction in interest or pleasure in activities that were previously enjoyed. Some of the biological explanations for how exercise can help a depressed person include an increase in certain neurotransmitters, such as serotonin and dopamine, that are known to affect mood. Physical activity also helps to regulate the hypothalamic-pituitary-adrenal axis which is the connection between physical and mental stress. By doing so, exercise combats the harmful effects of cortisol, the hormone released when we are stressed. It also increases endorphin and serotonin levels. The serotonin in particular is thought to improve mood and alleviate depression and anxiety.

Exercise and Anxiety

Another mental illness that can be alleviated with consistent exercise is anxiety. What causes anxiety varies from person to person. However, there are common themes, such as a fear of the future, or a concern for the safety and wellbeing of loved ones. Exercise is an excellent way to tackle anxiety. It’s important to note that exercise cannot cure anxiety; however, it can help to reduce its symptoms. When you are experiencing the physical symptoms of anxiety, such as a racing heart rate or dizziness, exercise can be an outlet to “let off steam”. It also releases endorphins which can help to calm you down. Exercise also improves the way your body functions, including your cardiovascular and endocrine systems. This allows you to better handle daily stressors, which can reduce anxiety.

Conclusion

Exercise and mental health go hand in hand. The benefits of fitness include increased feelings of self-love and self-worth, improved functionality, sleep quality, and a reduction in the symptoms of several mental illnesses. The most important thing to remember while trying to improve your mental health with exercise is that consistency is key. You won’t see results if you don’t make time for it. Keep track of your progress and make adjustments as needed to keep your routine healthy and effective. Above all, remember that you are worth the effort.