The main US stock indices are trading higher. The major indexes are on track to close lower this week.

The main American stock indices open higher. The Dow Industrial Average is trading higher and lower unchanged. The S&P index and the NASDAQ index were up after sharp declines yesterday.

A market overview currently shows:

  • The Dow industrial average -6.91 points was -0.02% at 34,063.52
  • S&P Index +10.27 points or 0.24% to 4340.28
  • NASDAQ Index +62.74 points or 0.47% to 13286.72

For the trading week, the major indexes are on track for declines. For the Dow Jones industrial average, 2 of the last 3 weeks would be lower. The S&P and NASDAQ are entering their 3rd consecutive week of decline and the biggest decline since March. For the current week:

  • The Dow Jones Industrial Average trades down -1.63% (biggest decline since August 14)
  • The S&P index trades down -2.47% (biggest drop since March 6)
  • The NASDAQ index trades down -3.09% (biggest drop since March 6)

Yesterday, all 3 major indices closed below their 100-day moving averages for the first time since January 19, 2023. It would take breaking the 100-day moving averages to technically return the bias upward. The 100-day moving averages for each of the major currency pairs currently stand at:

  • Dow Industrial Average 34268.76
  • S&P Index 4377.10
  • NASDAQ Index 13470.37


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