Market Report for May 07 2020
Standing aside for NFP
Nasdaq Composite -1.3% YTD
S&P 500 -11.8% YTD
Dow Jones Industrial Average -17.1% YTD
Russell 2000 -24.3% YTD
NYSE Vol: 904M
Nasdaq Vol: 3.6B
Key U.S. News:
A late fade in the session takes down the broad market but Nasdaq continued to perform. S&P 500, Dow Jones and Russell 2000 did not manage to break above the prior days Doji high so we might see further weakness. Saying that, as of 5am UK time, Dow Future is +130 so fairly bullish as we come out of the Asian session.
Technology was the only sector to close positive.
As it is NFP Friday this week, we can stand aside and enjoy the long weekend.
Level 3 traders, we have a webinar this morning.
Lets go trade!