US indices open lower at the start of trading
US indices opened lower on Tuesday, with the Dow Jones Industrial Average leading the decline among Wall Street's major indices.
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' movements were as follows:
The Dow Jones opened down 0.77% and continued its decline, reaching levels of $45,756.
The index is expected to continue its downward trend in the coming period and may target levels of $44,980, which are considered significant buying opportunities on the daily timeframe.
The Nasdaq opened down 0.61%, and the index continued its decline today, reaching levels of 23,923.
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 0.67%, and the US index continued its decline, reaching levels of 6,523.
The index has begun to follow a downward trend, and therefore, we expect to see further declines in the medium term.
