The major US stock indices are opening day lower but well off the premarket levels thanks in part to the better-than-expected PCE data, and the hopes that a solution to the Washington problems will ultimately be found.
The numbers are showing:
- Dow industrial average is now up 26 points or +0.03% at 42360
- S&P index is down -13 points or -0.23% at 5853.48
- NASDAQ index -121 or -0.63% at 19250
The NASDAQ index is down over 300 points premarket trading.
For the trading week:
- Dow industrial average -3.39%, it works week since March 2023
- S&P index is down -3.25% which is it worst week since September 3 when the index fell -4.25% (the worst week for the year)
- NASDAQ index is down -3.37%, its worst week since September 3.
This article was written by Greg Michalowski at www.forexlive.com.
