Demand Imbalance Arbitrage

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US Stock Market Retreats as Oil Prices Rise and Unemployment Claims Rise


On Wednesday, stocks in the U.S. experienced a decline, going against the trend of the previous session’s rally, as investors paid attention to comments made by Federal Reserve Chair Jerome Powell to anticipate the direction of interest rates.[0] The Dow Jones Industrial Average fell 0.7%, and the S&P 500 declined 0.9%.[1] The Nasdaq composite dropped by 1%.[2]

At 10 a.m., the University of Michigan’s preliminary consumer sentiment survey concerning the economy will be released.[3] Econoday’s estimates suggest that consumer sentiment may inch upwards to 65.0 from its level of 64.9 in January.[4]

On Friday morning, oil prices increased again after Russia declared a decrease of 500,000 barrels of oil per day in March due to price ceilings imposed by the United States and the European Union.[4] West Texas Intermediate futures surged by more than 1%, reaching nearly $79 a barrel – a rise of 7% for the week, and the biggest weekly increase since the beginning of October.[4]

An increase of 13,000 was seen in the United States’ weekly initial unemployment claims, bringing the total to 196,000. This figure is higher than the anticipated 190,000 and points to a weakening labor market.[5]The number of weekly continuing claims increased by 38,000 to 1.688 million, which is a greater amount than the expected 1.660 million, and thus indicates a weaker labor market.[5]

At the end, PepsiCo’s stock rose around 3% when they exceeded their profit expectations, declared a greater dividend, and presented a fresh stock repurchase plan.[6]

At 9:30 a.m., the US indexes were at the following[7] ET open on Friday: The Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average (DJIA) all fell by 0.4%, 0.14%, and 0.03%, respectively.[8]

Christopher Waller, the Federal Reserve Governor, is scheduled to give a speech at 12:30 p.m.[3] At an Agribusiness conference in Arkansas earlier this week, he stated that the central bank’s endeavors had been fruitful and that there was still more to do.[3]

In commodities, bonds, and crypto: U.S. crude oil prices rose 1.7% to $78.47 a barrel and the yield on the benchmark 10-year U.S. breached the 3.7% level on Friday and traded 0.019 points higher at 3.702%.[6]

0. “Stocks Fall as Investors Keep Eye on Path of Interest Rates” The Wall Street Journal, 8 Feb. 2023,

1. “Stock Market Today: Stocks Slump On Interest Rate Worries” Kiplinger’s Personal Finance, 9 Feb. 2023,

2. “Dow Jones Rallies 250 Points After Jobless Claims; Tesla Stock Doubles From Lows” Investor’s Business Daily, 9 Feb. 2023,

3. “US Stocks Look Set To Steepen Losses For Week As Nasdaq, S&P Futures Plunge – Invesco QQQ Trust, Series 1” Benzinga, 10 Feb. 2023,

4. “Stocks Fall Ahead Of Inflation Survey Data; Lyft Crashes On Earnings” Investor’s Business Daily, 10 Feb. 2023,

5. “Stocks Push Higher on Strong Corporate Earnings and Lower Bond Yields” Barchart, 9 Feb. 2023,

6. “Dow futures rise 220 pts; Disney soars after strong results By”, 9 Feb. 2023,

7. “US stocks sink further with S&P 500 on course for worst week since December” msnNOW, 10 Feb. 2023,

8. “Stock Market News Today: Futures Remain in Red This Morning” TipRanks, 10 Feb. 2023,

Forecast Future Price Action
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