SPX daily
- S&P 500 -0.6%
- Nasdaq Comp -0.6%
- DJIA -0.5%
- Russell 2000 -1.5%
- Toronto TSX Comp +0.2%
US equities opened flat but selling crept in early but really picked up after hawkish comments from Powell.
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US stocks struggle after Powell sees no hurry to cut rates
- Closing changes
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Nasdaq corrects lower in trading today, but backs into support target area.
- Oil falls further on a report that Iran could be allowed to immediately sell oil
- Crude oil down sharply and tests a swing area target.
- Nasdaq falls as some of the momentum names reverse. SpaceX gives back some gains
- Semiconductors struggle as financial and consumer sectors shine
- The RBA rate decision (rates unch) did little to break the AUDUSD one way or the other.
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