Markets in the U.S. have been trading modestly lower all morning and are heading into the lunch break trading just off their session lows as they look ready to snap a four-day winning streak.
At noon on Wall Street, the S&P 500 is trading lower by 0.29%, the Dow is off by 0.23%, the Nasdaq has fallen 0.24%, and the Russell 2000 is sporting a 0.91% loss.
Transportation shares in the airline and railroad space are
U.S. markets are hovering near their session lows half way through the lunch hour on Wall Street Friday, though losses are quite modest at this point.
The S&P 500 is trading down by 0.23%, with the Dow 0.22% lower and the Nasdaq losing 0.22% as well.
Ten of the eleven S&P sectors are trading in the red currently, with only the oil-sensitive energy sector trading higher. The technology sector continues to flirt with unchanged levels, having
Crude oil prices managed to slightly incline during yesterday’s session amid comments about an OPEC output cap seemed to overshadow the high inventory build up, according to the Department of Energy on Wednesday.
Support is close to the 10-day moving average at 44.76. Resistance is at the late September highs at 47.77.
Momentum has gained momentum as the MACD (moving average convergence divergence) index generated a buy signal. This takes place as the spread (the 12-day
U.S. markets are back on the move higher, trading near their session highs as the lunch hour begins on Wall Street.
Currently, the S&P 500 is trading higher by 0.49%, with the Dow higher by 0.11% and the Nasdaq up by 0.70%.
The financial sector is back in the lead as investors remain excited about the prospects for banks and other financial institutions as the U.S. prepares for a Donald Trump administration.
The consumer discretionary space
Define Economic Calendar: An economic calendar is a calendar that is widely used by traders for tracking various occurrences of major market-moving events. Good investors and traders will research specific events down to the exact date and time of the announcement. This holds a higher chance of profitability, depending on the level of impact the event or announcement will have on the general public, adversely affecting the direction the market will move in.
In Forex or
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