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London/European traders are looking toward the exit with the major indices all falling sharply today. The closing levels show:
- German DAX, -1.57%
- France CAC, -1.4%
- UK FTSE 100 under -1.82%
- Spain’s Ibex, -1.50%
- Italy’s FTSE MIB, -1.65%
As European traders look to exit, US stocks are trading off of their low levels. Nevertheless, the S&P and NASDAQ index are still down on the day.
- Dow Industrial Average +130 points or 0.34% at 37862.67. The low price reached 37749.78. UnitedHealth is keeping the Dow up. It is up $27 or 6.01% in trading today.
- S&P index -5.95 points or -0.11% at 5057. The low price reached 5040.88.
- NASDAQ index -16 points or -0.10% at 15869. The low price reached 15824.34
The small-cap Russell 2000’s trading down -8.74 points or -0.44% at 1966.97.
US yields are higher and trading closer to the highs for the day:
- 2-year 4.965%, +2.0 basis points
- 5-year 4.679%, +3.5 basis points
- 10-year 4.657%, +2.9 basis points
- 30-year 4.757%, +1.7 basis points
The price of the crude oil is trading up eight cents or 0.11% at $85.50.
Bitcoin remains under pressure and is trading now below 62,000 at $61,942. The 38.2% retracement of the move-up from the 2024 low comes in at $60,314.
This article was written by Greg Michalowski at www.forexlive.com.
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