Technical Analysis

Major US indices open lower on the day.



<p>Yesterday the US stocks moved higher for the second consecutive day which came after four straight days of declines. The final numbers showed:</p><ul class="text-align-start vertical-align-baseline"><li class="vertical-align-baseline">S&P closed up 56.84 points or 1.49% at 3878.45</li><li>Nasdaq closed up 162.27 or 1.54% at 10709.38</li><li>Dow closes up 526.74 points or 1.60% at 33376.49</li></ul><p>Today those gains are being retraced. The snapshot of the market currently shows:</p><ul><li>S&P index down -43.10 or -1.12% at 3835.15</li><li>NASDAQ index down -168.2 or 1.57% at 10541</li><li>Dow Industrial Average -300.0 or -0.90% at 33072</li><li>the Russell 2000 is down -21.47 points or -1.21% at 1755.40</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.

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