The key European indices are opening decrease with the S&P and the NASDAQ index each down 1% or extra. The Dow industrial common is down about -0.9%. Increased yields, increased oil costs after the OPEC lower of two million barrels (from quotas) are contributing to the declines. Markets are additionally involved concerning the rising greenback after a run to the draw back over the past week or so of buying and selling.
A snapshot of the markets at present exhibits:
- Dow industrial common -247 factors at -0.85% at 30059.19
- S&P and -34 factors at -0.9% at 3756
- NASDAQ index -113 factors or -1.02% at 11062
- Russell 2000-23.64 factors or -1.33% at 1752.12
The NASDAQ index is again beneath its 200 week transferring common at 11131.63. There’s nonetheless time left within the week for the value to maneuver again above that transferring common degree however merchants will proceed to make use of it’s a barometer for bullish or bearish within the short-term. Transfer beneath is extra bullish. Proceed to remain beneath could be extra bearish.
Nasdaq is again beneath the 200 week MA
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