US Indices Fall Back, Nasdaq Leads Losers

US indices opened strongly higher on Wednesday, with the Dow Jones Industrial Average leading the gains among Wall Street's major indices.

However, the ongoing US-Iran conflict continues to negatively impact US indices, making caution crucial when trading them. Further losses are expected if the conflict persists and tensions escalate.

Indices' Movement

The US indices moved as follows:

The Dow Jones opened down 0.52% and continued its decline, reaching levels of $45,976.

The index is expected to continue its downward trend in the coming period and may target levels of $44,980, which are considered important buying opportunities on the daily timeframe.

The Nasdaq opened down 1.15%, and the index continued its decline today, reaching levels of 23,827.

The Nasdaq continues to trade sideways, and we expect to see further declines in the coming period, targeting levels of 23,600.

The S&P 500 opened down 0.82%, and the US index continued its decline, reaching levels of 6,526.

The index has begun to follow a downward trend, and therefore, we expect to see further declines in the medium term.