US stocks close with mixed results. Earlier gains taken away.

Technical Analysis

S&P unchanged. Nasdaq up marginally. Dow down.

The major US stock indices are closing the day with mixed results.  Each however had earlier gains taken away into the close. 

Looking at the three major indices, one ended unchanged, one was up marginally and one was down.  The final numbers are showing:

  • S&P index, unchanged at 3006.79. The high reach 3021.99.. The low extended to 3003.16
  • NASDAQ closed up 5.487 points or 0.07% at 8182.87. The high reached 8237.43. The low extended 28174.32
  • The Dow industrial average closed down -52.29 points or -0.19% at 27094.79. The high reached 27272.17. The low extended to 27064.21.

The chart below shows the percentage change high, the percentage change low, and the closing percentage change for the major North American and European stock indices today. European shares closed near their high levels for the day. The US major indices closed near their session lows.

What seemed to be a negative catalyst for stocks was a report that a White House official commented that tariffs on China could go as high as 50 to 100%. That spooked the market and prices started to ratchet lower.
ForexLive

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