U.S. markets closed in negative territory, however, the losses aren't that significant yet. The indices are at their lowest levels since May. Investors are still waiting for a rate hike in September or December, however, the inflation and data on consumption are lower than expected. The drop in stocks is due to the higher Treasury yields, lower price in oil and the tensions surrounding North Korea. Investors remain wary before the NFP tomorrow.
DJIA: -158.13 points/-0.74%; 21,320.04
S&P: -22.79 points/ -0.94%; 2,409.75
Nasdaq: -61.39 points/ -1.00; 6,089.46
Russ 2K: -19.32 points/ -1.36%; 1,400.82
VIX: 12.57
Almost all stocks in S&P 500 were lower today, as the biggest decliners were from the Telecom, Real Estate, Energy and Healthcare sectors. Price of Oil dropped to $45.33 per barrel. The tech sector remains under pressure.
In DJIA, only General Electric, AT&T, Apple and Verizon were down.
USD sold off today, mainly against the Eur. The common currency remains well supported today. JPY got higher with the decline of the indices and remains strong against most currency. Gold and Silver edged higher.
The trading volumes reached 3.353 bln and for every rising stock, there were 4 declining.
Trader Senan Fuchedzhiev
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