15/7/22. Mixed results in U.S. markets.
Dow Jones -0.46%. SP500 -0.3%. Nasdaq +0.03%. Small Caps -0.89%. Banks -2.01%.
SP500.
Stock indices were led lower by a worse than expected result for J.P. Morgan. But indices regained much of those losses throughout the day with plenty of intra-day buying. That led to a modest loss in the SP500 of only -0.3%. The Index remains within its sideways consolidation which suggests the next move will be to the upside, but still no break-out.
Commodities.
Commodities continued to fall last night - not a good sign for the ASX today.
Commodities Index -0.92%. Energy -0.7%. Base Metals -1.61%. Agriculture -1.21%. Gold -1.4%.
Iron Ore -4.8%. Thermal Coal -3.2%.
After 15 minutes of trading this morning, the XJO is down -1.24%. The fall is severe in the miners with Materials down -3.3%.
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