January 27, 2023

Forex Solution

Learn To Trade Forex

Major indices open lower with the NASDAQ down -1% in early trading

1 min read

S&P down for the fourth time in six days. Nasdaq on a 4 day losing streak

The major US indices are opening and trading lower on the day with the NASDAQ index now down over 1% as investors rotation out of big cap tech.  

The snapshot of the market currently shows:

  • S&P index -22.67 points or -0.53% at 4170.11
  • NASDAQ index -153 points or -1.11% at 13740
  • Dow -63 points or -0.19% at 34052

In other markets, as the US stock trading gets underway:

  • Spot gold is trading down -2 dollars -0.12% at $1790.70. 
  • Spot silver is up 6.7 cents or 0.25% $26.97
  • WTI crude oil futures are up $1.10 or 1.72% at $65.61
  • Bitcoin is trading down -$950 or -1.64% at $55880

In the US that market, yields are reacting to the lower stock prices and moving to the downside. The 10 year is now down -1.17 basis points. The 30 year is down -2.4 basis points.

US yields are lowerIn the forex, the USD is the strongest and the NZD is the weakest. 
US dollar remains the strongest

Invest in yourself. See our forex education hub.

Source link

Copyright © All rights reserved. | Newsphere by AF themes.