San Francisco is no doubt one of the United States most attractive and popular cities, given its rich mix of varied cultures and people. With its proximity to Los Angeles and other major cities on the American west coast, San Francisco is also home to a large number of global businesses.Traveling in San Francisco may seem intimidating to many given the steep climbs of its streets, but the trade-off is that you get to experience the beauty of a vast number of world-famous tourist spots and multi-cultural attractions combined with amazing weather and amazing natural beauty.Places like Union Square are bordered by high fashion stores, all the major retailers, as well as up-market hotels, affordable lodging and the occasional cheap deal. One of the biggest attractions in this area is one of the city’s biggest shopping areas, offering delights from various cultures from across the globe. For the business traveler or for family vacations, this place has something for everyone.While staying in such airport hotels, you not only get the advantage of proximity to the airport and affordability, but you also get to be a short distance from the very best shops, restaurants, art galleries, theaters and museums. With so much to do, San Francisco may be called a lot of things, but boring would not be one of them. With a whole gamut of indoor and outdoor activities, a visit to San Francisco has all the potential to be the journey of a lifetime.San Francisco also provides its visitors with a wide variety of accommodation to suit all aesthetic or financial requirements. Hotels near the airport offer incredible convenience primarily because of their proximity to the airport and friendly rates. Arranging your own transportation while staying in airport hotels can yield up to 60% the cost of the expenses made on hotels, which are located in other areas of the city.Hotels near San Francisco attractions like Fisherman’s Wharf might cost you more than a couple of hundred dollars per night. Hotels located in the financial districts would also have similar pricing. To avail lower prices, you can opt for staying in the hotels close to the airport. It may not boast of the proximity to famous landmarks and other attractions, but you can still avail same basic amenities.Many hotels are also competing, which should drive down prices in the near future, allowing you to get the best deal for your hard-earned money. Staying in an airport hotel, especially if you are traveling by air, brings a host of benefits which are vital to your journey like saving on time and not missing flights due to traffic. Such hotels also give their patrons a shuttle service to make sure they catch their flights and their journey starts and ends on the best possible note.
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.
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.