Although yields have stabilized with the 10 year up 4.7 basis points, stocks continue to come under pressure with the NASDAQ index now down -400 points or -2.05%. The S&P index meanwhile is down -93 point or -1.57%. The small-cap Russell 2000 is also lower by -2.10%.
With 10 year yields up from 3.60% to 4.78%, that has a really impact on the economy regardless of the fact that the Fed cut rates by 100 basis points. The dollar moving higher is also a headwind.
The USDJPY started to move lower with the price breaking below its 200-hour moving average at 157.665. The price had tested that moving average on three separate days this week.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nasdaq is now down over 400 points or 2 05 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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