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.

Kissimmee Florida Hotels Near Disney World

Kissimmee Florida is a well loved tourist destination in the US. It is not just popular because of Florida’s stretch of fascinating beaches; it also has a lot of theme parks and natural landscapes to boast of. Popular attractions in Florida include Disney World, EPCOT, Sea World and Universal Studios among others.When planning on a trip to either Orlando or Kissimmee in Florida, it is best to prepare months in advance and to make the necessary arrangements in the hotel. This is because hotels get fully booked during holiday seasons. Here are some of the finest hotels in Kissimmee Florida that are near the famous Disney World Theme Park:Vacation Village at ParkwayKnown as Oprah favorite resort-hotel, Vacation Village at Parkway is located at 2949 Arabian Nights Boulevard Kissimmee, Florida. Aside from a Disney ticketing booth, this is just a few minutes away from Disney World. The hotel offers handicap facilities, free parking and a 24hr frond desk.Each room at this hotel is equipped with AM/FM alarm clocks, coffee makers, sofa sleepers, air conditioners and kitchenettes among others. Some rooms even have Jacuzzi tubs along with very large TVs, and furnishings. The hotel also has a pool, shuttle services to the major theme parks, restaurants, business center and exercise facilities as well as Wi-Fi, in-room washer and dryers.Other facilities and amenities include a full-sized fridge, large bathroom, cleaning services, free local calls, hair dryers and safe deposit boxes; plus Cable TVs and parking areas.Wyndham Palms Resort and Country ClubThis hotel is situated at 7900 Mystic Dunes Lane Kissimmee, Florida. It is located with more than 600 acres of amazing tropical Florida landscapes. The hotels features a game room, shuttle services to the airport and area attractions as well as bath amenities, banquet facilities, bike rentals, concierge services and Color TVs with VCRs. They also guarantee meeting facilities, parking areas, daily newspaper, express check-out and a fitness facility along with full kitchens, dining areas, whirlpools and game rooms among others.Onsite restaurants include Clubhouse Bar & Grille, The Caddyshack Bar & Grille and Pizza Hut Express. This is the ideal place for social events, gatherings and wedding celebrations.Best Western LakesideThis hotel is situated at 7769 West Irlo Bronson Memorial Highway Kissimmee, Florida. It is just outside Walt Disney World, featuring Mediterranean-styled settings. Set up with 15 2-storey buildings along with 24 tropically landscaped areas, Best Western is really the ideal destination for those who want a taste of the real action in Kissimmee, Florida.This very spacious landscaped hotel assures its guests with a relaxing stay. Aside from Walt Disney World, it is also near various other well-loved theme parks like Universal Studios and Sea World. For those who want to experience the beach, it is just 20-30 minutes away.Amenities and facilities include free parking, a fitness center, babysitting services, 24hr front desk, lounge and bar as well as alarm clocks, coffee makers, a Business Center, express check out and free local calls. They also provide handicap accessible facilities, non-smoking rooms, onsite restaurants, safe deposit boxes and a pool. This is along with their banquet and meeting rooms, modems, hair dryers and very helpful staff.Kissimmee is truly the heart of everything Florida can offer. It is not just a haven for kids but for couples as well. From its many theme parks to luxurious hotel accommodations, Kissimmee can promote lasting memories for the whole family.

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.