• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed


    • Home
    • News
21:29 IST

US stock indices closed in mixed territory on Thursday as the Nasdaq continue to rally, but the Dow and S&P 500 declined. Most sectors in the S&P 500 index were lower, led down by declines in Energy and Financials. Technology shares bucked the trend.

The Tech-heavy Nasdaq on Thursday closed at a new all-time high led by gains from Microsoft and Amazon, while the Dow and S&P 500 closed lower on disappointing earnings from Walgreens.

U.S. stock-index futures were trading in a positive territory on Friday. The Dow Jones futures were trading slightly higher at 25,594 while S&P 500 and Nasdaq 100 futures inched up to 3143 and 10,733 respectively, at the time of writing. The market is stuck in a range as uncertainty over the economic outlook in the era of COVID-19 has deflated appetite for assets considered risky.

Amazon continued to rip higher, rising 3%, after initially falling early in the trading session. As concerns over the preclosure of some state’s economies rise, Amazon has continued to outperform.

Market participants remain skittish about the path forward for risk assets and were scooping up government bonds on Friday, as cases and hospitalizations continued to rise from the infection caused by the novel strain of coronavirus. Stocks on Thursday declined mid-day following a ruling from the US supreme court that will allow the Manhattan DA to enforce a subpoena for criminal activity.

On the economic front, the US Labor Department reported that weekly jobless claims were lower than expected last week. Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected. The total marked a decrease of 99,000 from a week earlier. Continuing claims fell sharply, dropping 698,000 from a week earlier to 18.06 million.

On the technical front, the RSI is at 62.5% and suggests that the market can move in an upward direction. The current price is trading above the MA5 and MA20. The current price is above the middle band of the Bollinger Bands and is heading upwards. The stochastic is forming an upside crossover.

Overall Bias is positive and Short-term trades can be initiated with below mentioned Stop Loss and Profit targets.

Trade Suggestion- NASDAQ 100 – Buy At 10,730 Take Profit At 10,850 Stop Loss At 10,650

Leave a Reply

Your email address will not be published.

Hi Please share contact detail & write any comments below, our team will try to call soon.