US stock investors have suffered three days so far of weakness with the Tech sector one of the key drivers. Threats of regulation and the cost of increasing security have hurt large cap stocks like Netflix , Facebook and Twitter has lost accounts and revenue growth. US Fed begins a two day meeting today but no change is expected to policy.
Stock indices look to make a small rebound in a consolidation. Opening prices for Dow look to be 25320 up 14 , the S&P500 at 2808 up 6 , and the Nasdaq100 at 7207 up 14. The technical picture looks negative for each US indices.
The US Dollar remains weak and the EUR is last at 1.1728 up 23 , the GBP is at 1.3142 up 12 , and the JPY is weaker at 111.50 up 44. Gold remains down near support at 1221.60 up 1.75. WTI Crude is last at 69.62 down 46 as Trump talks of meeting with Iran and potentially reducing tension.
In bond markets the US10 remains in recent range at 2.95% , the UK10 at 1.34% , the GE10 at 0.45% , and JP10 at 0.06% - after the BOJ kept policy settings the same.
Personal spending came in as expected at 0.4% , Personal income also came in as expected at 0.4%. The PCE index was slightly down at 2.2% (2.3% exp)
Daily Chart - Dow Jones Index CFD - (US30.I) - Looking for three days down.