Technical Analysis

US stocks close near session lows

Stocks still off into the close

The US stock indices sold off into the close and are closing near the low levels for the day.

  • The Dow and S&P are lower for the 2nd consecutive day
  • Utilities and Communications lag
  • Materials and Real Estate lead

A look at the indices at the close show:

  • Dow -249.40 points or -0.72% at 34496.84
  • S&P index -30.31 points or -0.69% at 4361.04
  • NASDAQ index -93.33 points or -0.64% at 14486.21

WTI crude oil futures hit this highest level in 7 years. The US treasury market was closed in observance of Columbus Day.  But concerns about higher interest rates persistent the market. The U.S. Treasury will auction off three and 10 year notes tomorrow at 1 PM ET. They will auction off 30 year bonds on Wednesday.

Invest in yourself. See our forex education hub.

Articles You May Like

Markets Steady Awaiting BoE Rate Hike, Dollar Making Progress
The USD is the strongest and the JPY is the weakest as the North American session begins
US July employment trends 117.63 vs 119.38 prior
AUD/USD leans bullish above 0.6900 on upbeat options market signals
Gold gains Rs 97; silver jumps Rs 527

Leave a Reply

Your email address will not be published.