The S&P index the S&P index is now in the S&P index is now slid back into negative territory after breaking back below the 5000 level. It currently trades at 4962 that’s down -21.2 or -0.41%. The high price extended up to 5052.01 before starting to rotate back to the downside. At session highs, the index was up 69.24 point
The NASDAQ index remains in positive territory by about 50 points or 0.35% at 15320. It reached a high of 15613.96. That was up 346.05 points at session highs.
The Dow industrial average is now down 285 points or -0.75% at 37371. It was up 359 points at session highs.
Rallies are hard to maintain with uncertainty remaining elevated. Buying requires hope that deals will be done. Overnight, China did not show any signs of backing down. Concerns about earnings and a recession are real.
Regardless of all the chatter about investments being made in the United States, the environment is not a good environment to be making capital investments in the United States with uncertainty at high levels.
This article was written by Greg Michalowski at www.forexlive.com.