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Major US stock indices trading at session lows

As London/European traders head for the exits, the major US stock indices are trading at Lowe’s for the day. The Dow industrial average is now down -0.18% or -89 points. At session highs the index was up 150 points.S&P index is up 3.24 points or 0.05%. At session highs the index was up 52.26 points.NASDAQ index is up 87 points or 0.36%. Added session highs the index was up 365.09 points.Fed officials speaking today have been more hawkish and suggest that a December cut is certainly in question. Having no data is starting to become more problem as well.US yields are mixed with the 2–year yield at 3.602%, -1.2 basis points5 year yield 3.707%, -1.2 basis points10 year yield 4.09%, unchanged30 year yield 4.661%, +1.4 basis pointsIn Europe, the major indices are all closing lower.:German DAX -0.67%France’s CAC -0.44%UK’s FTSE 100 -0.44%Spain’s Ibex -0.05%Italy’s FTSE MIB -0.06%Looking at other markets:Crude oil is trading up $0.21 or 0.39% at $60.78.Gold is down $38 or -0.93% and back below the $4000 level at $3986.10.Silver is trading down $0.34 or -0.70% at $48.55.Bitcoin is up $500 at $108,850.
This article was written by Greg Michalowski at investinglive.com.

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💡 DMK Insight

US stock indices are showing weakness as European traders exit, and here’s why that matters: The Dow is down nearly 90 points after hitting session highs earlier, indicating a potential reversal in sentiment. This could signal a broader risk-off attitude, especially as traders digest economic data and corporate earnings reports. The S&P’s slight uptick is almost negligible, suggesting that even the broader market is struggling to find momentum. If the Dow breaks below key support levels, we could see further selling pressure, particularly from institutional investors looking to hedge against volatility. Keep an eye on the 50-day moving average for the S&P, as a close below that could trigger more aggressive selling. On the flip side, the current dip might present a buying opportunity for swing traders if they can identify oversold conditions. Watch for any bounce-back in the coming sessions, as that could indicate a temporary bottom. But for now, the immediate sentiment is bearish, and traders should be cautious about entering new long positions until we see a clear reversal pattern.

📮 Takeaway

Monitor the Dow’s support levels closely; a break below could lead to increased selling pressure, while a bounce might signal a buying opportunity.

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