Market Wrap for the US session

31.07.2017 / 18:49

Rating:

The US markets opened mixed today, probably due to profits taking from the technology sector. There is currently no indication of trend reversal as short- and medium-term trends remains, suggesting that we can use any correction for new long positions, the industrial sector is the strongest at present, and the weakest performance may remain with the technology sector .

DJIA reached a new high, rising 53 points to $ 21915. The most profitable stock of the index was Boeing, which climbed 62 points. This happened after the company announced the order data of airplanes from India.

Nasdaq is declining, as technology giants such as Facebook and Google are down.

The S & P500 is traded downwards, with the largest decline in the real estate sector. 73% of the companies in the index that submitted their reports have performed well above expectations. This may increase the positive sentiment towards the index and see new gains in the coming days.

Junior Trader Stefan Panteleev

Varchev Traders

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Market Wrap for the US session

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