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US indexes are down on Thursday

2018-02-08 03:06 pm | Resource: NEWS | No Views : 125

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.

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NASDAQ Technical Analysis 23 May 2018

Time frame Used - four hours The NASDAQ 100 is moving in a sideway in the near-term The NASDAQ is still facing resistance around level of 6951 In view of the technical indicators Both the RSI and the Stochastic are indicating to lower indicators Therefore we expect that the NASDAQ 100 will fall to level of 6851 The alternative scenario is that the NASDAQ 100 breach level 6951 to upside…

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