Wall Street indices open lower
US indices opened trading on Monday with very weak movements, with the Dow Jones Industrial Average being the biggest loser on Wall Street.
US indices saw some gains after a ceasefire agreement was reached to halt the war between the United States and Iran, but the market remains affected by the situation in the Middle East and geopolitical tensions.
Indices' movements
The movements of the US indices were as follows:
The Dow Jones opened down by 0.16%, and the index continued to decline, reaching levels of $49,063.
The index has already reached strong selling levels, as previously warned. We may see some corrective declines if any selling signals emerge.
The Nasdaq opened down 0.12%, and the index continued its decline today, reaching levels of $27,204.
The index managed to break through the selling zone and continue its upward movement. So far, the movement is positive, so it is not advisable to look for any selling opportunities.
The S&P 500 opened down 0.15%, and the US index continued its decline, reaching levels of $7,138.
The index broke through the selling zone and established strong buying territory. The movement remains positive for the index, and further upward movement is expected in the long term.
