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
U.S. stock markets pulled back modestly from near record levels today as investors struggled to maintain the gaining mode as the USD extended the higher edge.
United States markets lost ground as traders and investors looked over a mixed bag of earnings from retailers. Health care stocks traded lower.
Shares of the retailers Gap, Abercrombie & Fitch and Williams-Sonoma dropped after the companies announced weak quarterly reports. The Dow Jones Industrial Average lost 35 points to
December Comex gold futures retreated some ground just before the cash market opening. Gold could be affected by some negative pressure in case U.S. Treasury yields are further extending the rising path.
In case the market manages to recover and closes higher today, then this will suggest in that gold traders are expecting the December Fed rate hike.
The primary trend is on a decline according to the D1 swing chart. This trend will turn up
Volkswagen AG trades today at 130.70 euros per share on XETRA in Frankfurt, Germany, representing an increase of 1.60 euros or 1.24% from the previous close of 129.10.
The stock price of the automaker was far away from the peak mark of the last six months when VOW changed hands at 141.35 euros per unit.
The German giant managed to reach a vital agreement with workers to cut as many as 23,000 jobs and save 3.7
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