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New York Stock market ends yesterday’s trading sharply lower!

News Date: 30/9/2022 03:07:57
 

Wall Street closed yesterday evening sharply lower, because of  some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's concern about a rapid decline in the currency markets and global bond yields.

 

Losses were recorded in the sectors of consumer goods and public institutions, while stock technology heavyweights declined such as : Tesla and Apple

 

At the end of trading ;

The Dow Jones Industrial Average recorded a decline of 1.54%, while the S&P 500 fell by 2.11%, and the Nasdaq Index weakened by 2,84%.

 

As for the Tokyo Stock Exchange, it also witnessed a decline in stock indices ; So, the Nikkei index fell by 0.69% to reach 26,240.00 points, while the broader Topix index fell by 0.59% to reach 1857.77 points.

 

Crude oil futures declined; It fell 0.01% to trade in November at $81.22 a barrel at the time of writing.

Oil is expected to find support points at $76.25, and resistance points at $82.94.

 

On the other hand, futures contracts for gold rose by 0.25%, according to the Comex classification of the New York Stock Exchange, the futures contracts for gold were traded in December at a price of $ 1672.8 per ounce at the time of writing.

Gold is probably will find support points at $1622.2, and resistance points at $1673.5.

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