US Indices Decline Across the Board on Thursday
US indices experienced a broad decline at the start of trading on Thursday, with the Dow Jones Industrial Average leading the losses.
However, the indices generally remain range-bound on the daily timeframe in the short term.
Indices' Movement
The movements of the US indices were as follows:
The Dow Jones opened down 0.81% and continued its decline, reaching levels of $48,245.
Long-term forecasts still point to an upward trend for the Dow Jones.
The Nasdaq opened down 0.40% and continued its decline, reaching levels of $24,924.
The Nasdaq continues to move sideways, and an upward trend is expected in the long term.
The S&P opened down 0.45%, and the US index continued its decline to levels of $6828 in an attempt to test the demand zones from which it had previously risen.
