The major stock indices are moving to new lows as the Fed Chair says the call was a closer call with risk two-sided. That helped to push the USD higher as well.
The Dow is down -0.83% while the S&P and the Nasdaq are down over 1%
The S&P is currently down -1.04% and the Nasdaq is down -1.16% after trading down as much as -1.30%.
For the Nasdaq index, it is approaching its rising 100 hour moving average of 19760.11. Getting below that level would have traders looking toward the 200-hour moving average at 19410.19.
For the S&P index, the price is below its 100 and 200 hour MAs at 6057.47 and then the 200 hour MA at 6006.31.
UPDATE: The Nadaq is now down -1.94% which is largest decline since November 15
The S&P is down 1.41% which is the largest decline since october 31 (-1.86%)
YIELDS:
- 2 year 4.354%, up 11.8 bp
- 5 year 4.379%, up 13.2 bps
- 10 year 4.488%, +10.1 bps
- 30 year 4.647%, +6.9 bps
In the forex, the USD is higher with the rise vs the AUD (+1.58%) and NZD (+1.56%) the biggest movers.
The USD is up the least vs the JPY at +0.61%
#stocks #falling #sharply #Nasdaq #Forexlive
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