US indexes are down on Thursday
2018-02-08 03:06 pm | Resource: NEWS | No Views : 194
The Dow Jones Industrial Average fell by 0.66% to 24,728 points, losing 165 points during the opening of the US session. The Nasdaq Composite Index was also down by 0.03% to reach 6,559 points, Losing 0.25 points, and finally the S & P 500 index fell 0.08% to 2,665 points.
The US jobless data showed jobless claims in the United States fell to their lowest level since March 1973, and initial jobless claims fell by 9,000 to 221,000 a week Ending February 3, compared to expectations of a rise to 232,000.
On the other hand, shares in the US stocks also lost ground. Apple shares rose by 0.49% to reach $ 160.30, while Facebook fell 0.90% to 178 levels. $ 50, and Microsoft shares fell 0.50% to trade at $ 89.14. Finally, Amazon was down 0.03% at $ 1,419.
Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term The bears managed to control the movement of the NASDAQ 100 as the NASDAQ 100 faced resistance and selling pressure around level of 7231, forming lower high than its previous peak. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators Accordingly, we…
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