Dow Jones the only major index to rise at the start of Monday's trading
US indices opened with very weak movements on Monday, with the Dow Jones Industrial Average being the only one to rise among Wall Street's major indices.
US indices saw some gains following the ceasefire agreement between the United States and Iran, but the market remains affected by the situation in the Middle East and geopolitical tensions.
Indices' Movement
The movements of the US indices were as follows:
The Dow Jones opened up by 0.02% and continued its upward trend, reaching levels of $49,478.
The index has indeed reached strong selling levels, as previously indicated. We may see some corrective declines if any selling signals emerge.
The Nasdaq opened down by 0.27% and continued its decline throughout the day, reaching levels of $26,736.
The index managed to break through the selling zones and continue its upward trend. So far, the movement is positive, so it's not advisable to look for any selling opportunities.
The S&P 500 opened down 0.19%, and the US index continued its decline, reaching levels around $7047.
The index broke through the selling zones and established strong buying territory. The movement remains positive, and the upward trend is expected to continue in the long term.
