US stocks end the day sharply lower on risk off flows

Technical Analysis

Investors to sell the FAANG stocks

The US stocks are ending the day sharply lower and risk on flows dominate. The FAANG +M+T  (that is Microsoft and Tesla) fell sharply. 

The final numbers are showing:

  • S&P, fell -40.36 points or -1.23% at 3235.66
  • NASDAQ index fell -244.7 points or -2.29% at 10461.42
  • Dow industrial average fell -353.51 points or -1.31% at 26652.32

For bank trade ideas, check out eFX Plus

Articles You May Like

Gold Price Today: Yellow metal holds firm at higher levels, opens at Rs 85,077/10 gms
Oil falls 2% but concerns over supply disruptions provide support
USD/JPY heavy ahead of European morning trade
Yen Strength Holds as Focus Turns to RBA Rate Cut
Euro Briefly Dips on Soft PMI, CAD Shrugs Off Robust Retail Sales

Leave a Reply

Your email address will not be published. Required fields are marked *