Gains from yesterday are given back (and then some for the Nasdaq at least).

The US stock market is open and the China trade war heating up, has the indices giving up the gains from yesterday (and then some).

Yesterday,

  • the S&P rose +18.15 points. It is down -18.35 points.
  • The Dow rose 240 points. It is down -200 points.
  • The Nasdaq gained 34 points it is down more at -50 points now.

Not a good start to the day for the US major indices.

The S&P index continues to trade between the 100 and 200 day MAs. The 100 day MA (blue line) is up at 2695 today. The 200 day MA (green line) is below at 2593.92. As I type the index is at 2649.