1/6/22. Overnight.
Major U.S. indices finish lower. End of month book squaring resulted in high volumes.
Dow Jones -0.67%. SP500 -0.63%. Nasdaq -0.41%. Small Caps -1.07%. Banks +0.22%.
Positive economic news out of the U.S. resulted in rises in U.S. Treasuries - that was a negative for stocks. Hawkish comments by Fed Governor Waller on future interest rate rises didn't help matters.
SP500.
SP500 is in a short-term up-trend, but longer term it remains bearish. Until we see a decisive move above the cloud, this must still be considered a counter-trend rally.
Commodities.
Commodities Index -0.69%. Energy +0.18%. Base Metals -0.79%. Agriculture -1.92%. Gold -0.99%.
Overnight Oz Futures finished down -0.36%. The ASX can expect a weak opening this morning.
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