Skip to main content

Asian stocks fall today following lower closes on Wall Street- Dow Jones futures in the red

The Asian markets are all in the red this morning following a set of lower closes on Wall Street last night. The US market losses last night were once again led by the Dow Jones, but this time it was a pretty uniform performance. The Dow closed 1% lower, the Nasdaq 100 closed 0.94% lower and the S+P 500 ended the session with a 0.72% loss. The Dow Jones nearly took out the 39k level, but it managed to recover from a session low at 39,051 to above 39,200, before later closing 396 points lower, 39,170. That close was also back above the 21 day moving average that it had fallen through earlier in the session. That was at 39,131 as of the close. Beyond that on the downside, the next support is at 38,801 (50 day). Looking at the configuration of the daily charts right now, the failure to break above 40k looks like it could not deliver a deeper correction. Overnight, the losses across the Asian markets have weighed on the Dow Jones futures and right now the index is priced to open at around 39,125 later today 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!