Major US indices close sharply lower as geopolitical concerns weigh | Forexlive

The major US stock indices are closing sharply lower as geopolitical concerns weigh on the market sentiment.

Iran’s missile attack on Israel seemed to be a choreographed theatrical performance but was real and that often leads to a knee-jerk reaction to the downside.

Apple expectations for iPhone sales also were a drag. Apple shares are closing down -2.91%. Nvidia shares fell by -3.66%. Microsoft fell by the -2.33%.

It wasn’t all negative Google shares rose 0.69% and rose by 0.70%.

Another risk was the port strikes which could impact supply and prices as well.

The final numbers are showing:

• Dow industrial average fell -173.18 points or -0.41% at 42156.97
• S&P index fell -53.73 points or -0.93% at 5708.75.
• NASDAQ index-278.81 or -1.53% at 17910.96

The small cap Russell 2000 fell -32.93 points or -1.48% at 2197.03

looking at other markets, the US yields moved lower but are off their lowest level:

• 2- year 3.610%, -4.0 basis points
• 5 year 3.515%, -6.2 basis points
• 10 year yield 3.739%, -6.5 basis points
• 30 year yield 4.077%, -5.5 basis points

in the forex market, the CAD is ending the day as a strongest of the major currencies. THe NZD is the weakest. The USD is higher but with modest client rose JPY and CAD.