Broad indices close lower but well off the worst levels of the day

Technical Analysis

Dow closes marginally higher

The US border indices are closing lower on the day but well off the worst levels.  The Dow industrial average is closing marginally higher.

A look at the final numbers are showing.  

  • S&P index fell -14.47 points or -0.39% to 3694.94
  • NASDAQ index fell -13.122 points or -0.10% to 12742.53
  • Dow rose 36.94 points or 0.12% to 30215.99

Although the broader indices close lower, the gains off the lows were impressive.

  • The S&P index was down -1.97% the lows
  • the NASDAQ index is down -1.81% the lows
  • the Dow industrial average was down -1.4% at the lows

Despite the declines in the S&P and NASDAQ, the come back off the lows was significant.

For bank trade ideas, check out eFX Plus him

Leave a Reply

Your email address will not be published.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