Technical Analysis

US stock indices take it on the chin, but late day buying softens the blow

Broad decline on Iran tension and US/China fear

There were a couple of catalysts for stocks.  There is some anxiety coming from Iran, and the fear from US/China trade hiccups was a concern.

Having said that the Dow was down 648 points at the low. It is ending down 472 points. The Nasdaq and S&P had similar rebounds into the close. 

The final numbers are showing:

  • The S&P index fell -48.42 points or -1.65% at 2884.05. The low reached 2862.60
  • The Nasdaq index fell -159.53 points for -1.96% at 7963.75. The low reached 7899.02
  • The Dow fell -473 points or -1.79% at 25965.09. The low reached 25789.71.

Below is the % change range for the North American and European major stock indices today.  Things certainly could have been a lot worse (thanks to the rally into the close). 

ForexLive

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