Will the rebounding At&t be a conspiracy?

Thursday, October 20, 2022: "🇺🇸Is the U.S. stock market influenced by British 🇬🇧 politics? Today, following a budget failure and market turmoil, UK Prime Minister Liz Truss has resigned. The London stock market cheered, and the British Pound subsequently rebounded.

In the U.S. stock market, the futures market, the S&P 500, and the Nasdaq Index were initially in the red. However, after 10 minutes of market opening, these three indexes all turned positive amid continuous fluctuations in trading. The S&P 500 index rose by about 1%. The SPDR S&P 500 Index ETF Trust (NYSEARCA: SPY) increased by 0.9% to $372. The Dow Jones Industrial Average rose by 350 points, up by 1.2%. The tech-heavy Nasdaq Composite Index rose by 1.3%. Meanwhile, U.S. Treasury yields hit multi-year highs, with the interest-rate sensitive 2-year Treasury yield breaking 4.6% for the first time since 2007.

The U.S. Department of Labor reported that as of the week ending October 15, 2022, the unemployment rate has decreased. The number of claims has dropped to 0.214 million, significantly lower than the expected 0.23 million.

Earnings season is in full swing, hence the stock market volatility remains high. Telecom giant AT&T Inc. exceeded sales and revenue expectations in the third quarter, raising profit forecasts. The company also announced 0.96 million new users and expressed confidence in achieving the previously estimated cash flow for the remaining year. Within just one hour of trading, the stock price surged by nearly 5%.

If the one-time rise is too high, you should pay attention.