Uncertainty over the U.S. economy’s health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled after closely watched jobs data showed labor market momentum slowing more than expected
Nvidia’s shares recouped earlier losses to trade higher, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI optimism on Wall Street held out despite concerns around the stocks’ lofty valuations.
The last session saw Nvidia’s stock gain 0.7%. The Stochastic indicator is giving a negative signal.
Support: 104.79 | Resistance: 119.42
Bitcoin could be heading to a correction below $54,000 after the global crypto market capitalization fell below a key psychological level. The global crypto market capitalization fell below the $2 trillion mark after decreasing 3.46% within 24 hours.
The last session saw the Bitcoin gain 0.7% against the Dollar. The MACD is giving a negative signal.
BTC/USD gained 0.7% in the last session.
The MACD is giving a negative signal.
Support: 560561 | Resistance: 607881
The Pound got a slight bump of 0.2% against the Dollar in the last session. According to the Stochastic-RSI, we are in an oversold market, supporting the technical analysis’ positive signal.
The Pound-Dollar pair gained a moderate 0.2% in the last session.
The Stochastic-RSI points to an oversold market.
Support: 1.3051 | Resistance: 1.3181
Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-’90s dot-com boom. Now, a slump in Intel’s share price could cost the American chipmaker its place in the blue-chip index after a near 60% decline in the company’s shares this year.
Wall Street’s main indexes fell over 1% as investors assessed subdued factory activity data ahead of a slew of labor market reports due through the week that could influence the extent of monetary policy easing by the Federal Reserve.
