S&P 500 dips after huge gain on Wednesday


S&P 500 down 9 points at the open

The 2.1% rally in US stocks on Wednesday stalled out at the mid-October high and the 61.8% retracement of the October fall. Today, the consolidation is continuing in a 10 point drop to 2804.

The index is trading between the 200-day moving average and the 55-day moving average.

The Fed decision later could be a mover for stock markets. For me it’s tough to see anything less than the usual upbeat, hawkish tone, if not moreso.


Products You May Like

Articles You May Like

GBP Jumps on 2nd Referendum Hint, Oil Drops Amid OPEC Report – US Market Open
AUD/JPY GBP/USD trade Best Forex Trading System 17 JAN 2019 Review -forex trading systems that work
US State Department says all employees are expected to report to work next week
Trump says he will make major announcement on Sat but reports say it’s not wall emergency
In the busiest week for bank earnings, watch out for this one key level

Leave a Reply

Your email address will not be published. Required fields are marked *