The major US stock indices are closing sharply lower as geopolitical concerns weigh on the market sentiment.
Iran's missile attack on Israel seemed to be a choreographed theatrical performance but was real and that often leads to a knee-jerk reaction to the downside.
Apple expectations for iPhone sales also were a drag. The number of negative expectations helped to push Apple shares lower by -2.91%. today.
- Nvidia shares fell by -3.66%.
- Microsoft fell by the -2.33%.
It wasn't all negative as Google/Alphabet shares rose 0.69% and Meta Platform rose by 0.70%.
Another risk was the port strikes which could impact supply and prices as well going forward.
The final numbers for the major indices are showing:
- Dow industrial average fell -173.18 points or -0.41% at 42156.97
- S&P index fell -53.73 points or -0.93% at 5708.75.
- NASDAQ index-278.81 or -1.53% at 17910.96
The small cap Russell 2000 fell -32.93 points or -1.48% at 2197.03
Looking at other markets, the US yields moved lower but are off their lowest level:
- 2- year 3.610%, -4.0 basis points
- 5 year 3.515%, -6.2 basis points
- 10 year yield 3.739%, -6.5 basis points
- 30 year yield 4.077%, -5.5 basis points
in the forex market, the CAD is ending the day as a strongest of the major currencies. THe NZD is the weakest. The USD is higher but with modest client rose JPY and CAD.
