U.S. stocks were lower in choppy trading, rising early with technology shares and then falling in tandem with them as investor jitters were stoked by weak demand in a 10-year Treasury auction. S&P500 was down 0.45%.
Oil prices gained more than 2%, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted.
The Oil-Dollar pair skyrocketed 3.5% in the last session. The Williams indicator is giving a positive signal.
WTI/USD skyrocketed 3.5% in the last session.
The Williams indicator is currently in the positive zone.
Support: 71.2833 | Resistance: 75.9633
Heavyweight companies sold off as U.S. recession fears and Berkshire Hathaway’s sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI. Apple, Tesla, Alphabet and Amazon each dropped more than 4%, while Nvidia tumbled 7% .
Major U.S. stock indexes ended sharply lower as U.S. recession worries shook global markets and drove investors out of risky assets, while Apple shares dropped as Berkshire Hathaway cut its stake in the company. The recession concerns followed weak economic data last week .
The Bitcoin-Dollar pair plummeted 6.1% in the last session. The Stochastic indicator is giving a negative signal.
BTC/USD plummeted 6.1% in the last session.
The Stochastic indicator is currently in the negative zone.
Support: 551731 | Resistance: 627191
A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index was down to its weakest since January 12.
The last session saw the Dollar drop 0.9% against the Yen. According to the Stochastic-RSI, we are in an oversold market.
The last session saw USD drop 0.9% against JPY.
The Stochastic-RSI is signalling an oversold market.
Support: 144.4833 | Resistance: 147.1833
Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position. The company lost more than $30 billion in market value
