The first minutes of the cash session opening on Wall Street looked promising. Indices, although slowly, were trying to rebound after Friday’s declines. However, after the weak ISM report for the manufacturing sector was published, investor sentiment clearly worsened.
At the time of publication, US500 is down 0.35% to 5,940 points, US100 is trading 0.50% lower at 20,800 points, and US2000 is also down 0.50% to 2,150 points. The declines in the stock market are occurring alongside a weakening dollar. The USDIDX index is down 0.90% to 106.5000. This high volatility is primarily due to the changing geopolitical situation involving the US. Friday’s dispute between Trump and Zelensky may be an example of this. On the other hand, equally important topics include tariffs on Canada, China, and Mexico. These tariffs are set to take effect tomorrow, though last-minute negotiations may still occur.
US500
The US500 index is down today to 5,940 points and essentially remains in a sideways trend. The lower and upper limits of this channel remain at 5,900 and 6,150 points, respectively.
Source: xStation 5
Stock News
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Capri Holdings (CPRI.US) gains 9% after reports that Prada is nearing a €1.5B ($1.6B) acquisition of Versace. Bloomberg sources suggest the deal could be finalized this month, with no due diligence issues found.
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