US DOJ Accuses China Hacking Group of Stealing Business and Military Data
The U.S. Department of Justice (DOJ) charged some Chinese citizens in relation to a global hacking operation that infiltrated U.S. companies' business secrets. The DOJ alleged that the hackers worked in collaboration with China's state security service.
According to Deputy Attorney General Rod Rosenstein, the hackers belong to a group called Advanced Persistent Threat 10 or APT 10, and that they nicked data from more than 45 U.S. companies. Hackers might also have attacked data of more than 100,000 U.S. Navy personnel, including the latter’s Social Security numbers, dates of birth, salary information, personal phone numbers, and email addresses – according to the DOJ.
Cybersecurity firms including CrowdStrike have linked the hacker group’s activity to China's Ministry of State Security. In 2009, APT 10 were accused of targeting Western defense companies involved in making large weapons systems.
"We know what China is doing it, we know why they are doing it, and in some instances we know who is sitting at the keyboard," Rosenstein said. The Department of Homeland Security said Thursday that it would create a new website in support of US companies that might have been affected.
The Chinese government, on the other hand, tried to refute the charges, and said the U.S. had "fabricated facts out of thin air". Chinese Foreign Ministry spokeswoman Hua Chunying stated on Friday, "China firmly preserves cybersecurity, always opposing and cracking down on any forms of cyber theft ", while adding, "The Chinese government has never participated in or supported any theft of trade secrets."
The year was fueled by heated trade tensions between the U.S. and China. Only recently, President Donald Trump has been indicating that his trade negotiations with Beijing are going well. But now with the U.S. alleging China’s involvement in hacking, there could potentially be resurging concerns over U.S.-China relations.
SPY sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for SPY moved above the 200-day moving average on June 27, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 03, 2025. You may want to consider a long position or call options on SPY as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on June 26, 2025. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 432 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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