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Dow Jones heading for a lower opening today
Yesterday the US stock markets were closed for the Memorial Day holiday. On Friday the Dow Jones was the weakest of the three major indexes, as further rotation back into tech favoured the Nasdaq and to a lesser degree, the S+P 500. Hence, the Dow barely managed to end the week on a positive note. As you are surely aware, the index suffered a similar fate all last week too, after stalling above 40k on May 20 and handing back more than 1000 points by the close on Friday. The Dow Jones ended last week at 39,069, with a gain of just 4 points on the day. Looking at the immediate chart on this one, it is possible that a drop below 39k today could extend and that is something that did not happen last week. Right now the Dow Jones is priced to reopen at around 39,030
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
