Tuesday , 24 December 2024
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US equity close: 25 basis points isn’t going to cut it

This looks like a double top in the S&P 500 and now you have to ask if we will go down and test the August low or consolidate here. The chipmakers certainly aren’t sending a great signal with NVDA down to $102.

On the day:

  • S&P 500 -1.7%
  • Nasdaq Comp -2.5%
  • DJIA -1.0%
  • Russell 2000 -1.7%
  • Toronto TSX Comp -0.8%

On the week:

  • S&P 500 -4.2%
  • Nasdaq Comp -5.8%
  • DJIA -2.9%
  • Russell 2000 -5.4%
  • Toronto TSX Comp -2.3%

This article was written by Adam Button at www.forexlive.com.

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