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Major US indices open sharply lower led by the NASDAQ and the Russell 2000

The major US stock indices are opening lower: Dow industrial average after closing above 50,000 for the first time since February 11th is back below the level at 49,650. The index is down -415 or -0.83%.S&P index is down 89 points or -1.20% at 7411.NASDAQ index is down -451 points or -1.69% at 26186.Russell 2000 is down -57 points or -2.0% at 2806.47Some of the big losers today:Arm (ARM): -7.26%

Intel (INTC): -5.68%

Newmont Goldcorp (NEM): -5.43%

ASML ADR (ASML): -5.26%

Ciena Corp (CIEN): -4.89%

Barrick Mining (B): -4.87%

Corning (GLW): -4.87%

Lam Research (LRCX): -4.75%

Vertiv Holdings Co (VRT): -4.61%

Super Micro Computer (SMCI): -4.60%

Alibaba ADR (BABA): -4.55%

Ford Motor (F): -4.52%

Baidu (BIDU): -4.34%

Invesco Solar (TAN): -4.32%

Coinbase Global (COIN): -4.28%

Micron (MU): -4.18%

GE Vernova LLC (GEV): -4.11%Cerebra which IPOed yesterday is trading at $305 down -2.4% on the day. The IPO opened at $285 after being priced at $185.Nvidia is trading down -3.6%.China is over and the news headlines did not impress.Focus returns back to Iran which is not very positive. Pres. Trump is gettingangrier whenever asked about the failure of the military offensive to date. The Iran will not have a nuclear weapon, is the go to answer no matter the cost. He commented today that he did not underestimate Iran. US interest rates are sharply higher with the two year yield up 7.5 basis points at 4.066%. The 10 year yield is up 10 point six basis points at 4.563%.Crude contract is up $2.52 or 2.6% at $99.44. The June contract which goes off the board on Tuesday is trading up $2.66 at $103.83.
This article was written by Greg Michalowski at investinglive.com.

🔗 Source

💡 DMK Insight

The Dow’s drop back below 50,000 signals potential volatility ahead for traders. After briefly surpassing this psychological level, the index’s retreat to 49,650 could trigger further selling pressure, especially if it fails to reclaim that mark. The S&P’s decline to 7411 and the NASDAQ’s sharper drop suggest a broader market weakness, which could lead to increased caution among investors. Traders should keep an eye on these indices as they could influence sentiment across sectors, particularly tech and consumer discretionary stocks that often react to broader market trends. If the Dow continues to slide, it might test support levels around 49,500, which could be a critical point for day traders looking for short opportunities. Conversely, a bounce back above 50,000 could signal a buying opportunity for swing traders. Watch for any news catalysts or earnings reports that could impact these indices, as they may provide the volatility needed for profitable trades.

📮 Takeaway

Monitor the Dow’s performance around 49,500; a break below could signal further downside, while a reclaim of 50,000 might present a buying opportunity.

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