The major US stock indices are closing sharply lower as geopolitical concerns weigh on the market sentiment.
Iran’s missile attack on Israel seemed to be a choreographed theatrical performance but was real and that often leads to a knee-jerk reaction to the downside.
Apple expectations for iPhone sales also were a drag. The number of negative expectations helped to push Apple shares lower by -2.91%. today.
Nvidia shares fell by -3.66%. Microsoft fell by the -2.33%.
It wasn’t all negative as Google/Alphabet shares rose 0.69% and Meta Platform rose by 0.70%.
Another risk was the port strikes which could impact supply and prices as well going forward.
The final numbers for the major indices are showing:
Dow industrial average fell -173.18 points or -0.41% at 42156.97S&P index fell -53.73 points or -0.93% at 5708.75.NASDAQ index-278.81 or -1.53% at 17910.96
The small cap Russell 2000 fell -32.93 points or -1.48% at 2197.03
Looking at other markets, the US yields moved lower but are off their lowest level:
2- year 3.610%, -4.0 basis points5 year 3.515%, -6.2 basis points10 year yield 3.739%, -6.5 basis points30 year yield 4.077%, -5.5 basis points
in the forex market, the CAD is ending the day as a strongest of the major currencies. THe NZD is the weakest. The USD is higher but with modest client rose JPY and CAD.
This article was written by Greg Michalowski at www.forexlive.com.
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