Wall Street indices open lower at the end of the week
US indices saw a collective decline at the start of trading on Friday, with the Dow Jones Industrial Average leading the losses.
However, the indices are generally moving sideways on the daily timeframe in the short term.
Indices' Movement
The movements of the US indices were as follows:
The Dow Jones opened down 1.88% and continued its decline, reaching levels of $46,979.
After breaking through current support levels, the index is expected to continue its decline in the short and medium term.
The Nasdaq opened down 1.65% and continued its decline today, reaching levels of $24,577.
The Nasdaq continues to move sideways, and we expect to see an upward movement in the long term.
The S&P opened down 1.56%, and the US index continued its decline to levels of $6709 in an attempt to test the demand zones from which it had previously risen.
