November 30, 2022

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US stocks edge lower in early New York trading

1 min read

Four day win streak in jeopardy

On Friday US stocks moved sharply higher with the major indices all closing at record levels. Today, the stocks are edging lower in early trading. Covid fears, US/China relations, a huge calendar of earnings and the Fed have the markets a bit on edge, but losses are still very moderate in early trading.

A snapshot currently shows

  • Dow -2.42 points or -0.01% 35,059.13
  • S&P -1.41 points or -0.03% at 4410.38
  • NASDAQ -40.94 points or -0.28% 14796.05

a snapshot of the market currently shows:

  • Spot gold trading above and below the $1800 level currently at $1802.30.
  • Spot silver is up around seven cents or 0.27% $25.30
  • WTI crude oil futures are trading down $0.10 or -0.14% at $71.97
  • bitcoin has rotated back down toward $38,000 after trading as high as $39,748.12. The currently trades at $38,190

The USD has just moved lower with the EUR, GBP, AUD and NZD all posting new highs vs the greenback.  The USD is now the weakest of the major currencies. The GBP remains the strongest (was the strongest at the start of the NA session). 

The US dollar is the weakest of the majors

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