{"id":129085,"date":"2018-06-26T06:26:40","date_gmt":"2018-06-26T10:26:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129085"},"modified":"2018-06-26T06:26:40","modified_gmt":"2018-06-26T10:26:40","slug":"technology-leads-us-stocks-selloff","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/technology-leads-us-stocks-selloff\/","title":{"rendered":"Technology leads US stocks selloff"},"content":{"rendered":"
June 26, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow ends below 200-day moving average<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>slumped on Monday after a report that the US Treasury Department was drafting curbs that would block companies with at least 25% Chinese ownership from investing in US tech firms. The\u00a0S&P 500\u00a0<\/em>lost 1.4% to 2717.07 led by technology shares down 2.3%.\u00a0Dow Jones\u00a0<\/a>industrial fell 1.3% to 24252.80, closing below its 200-day moving average. TheNasdaq\u00a0<\/em>composite index tumbled 2.1% to 7523.01. The dollar weakening continued:\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.3% to 94.277 but is rising currently. Stock index futures indicate higher openings today.<\/p>\n

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Treasury yields fell on heaven demand. In economic news the Chicago Fed national activity index for May fell to -0.15 in May from +0.42 in April, while new home sales rose above expected 6.7% over month in May, beating the consensus estimate.<\/p>\n

\"Nd100\"<\/p>\n<\/div>\n<\/div>\n

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DAX leads European indices losses<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>fell on Monday as trade war concerns weighed on market sentiment. Both the\u00a0British Pound\u00a0<\/em>andeuro\u00a0<\/em>extended gains against the dollar but are moving lower currently. The Stoxx Europe 600 index lost 2%. The\u00a0DAX 30<\/em>dropped 2.5% to 12270.33 and France\u2019s\u00a0CAC 40\u00a0<\/em>fell 1.9%. UK\u2019s\u00a0FTSE 100\u00a0<\/a>tumbled 2.2% to 7509.84. Indices opened 0.3% – 0.6% higher today.<\/p>\n

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Asian indices mostly lower<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly in red today.\u00a0Nikkei\u00a0<\/em>recovered 0.1% to 22342 as yen slowed its climb against the dollar. Chinese stocks are lower as President Xi said in Beijing China won\u2019t turn the other cheek in trade flap: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.5% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.1% lower. Australia\u2019s All Ordinaries Index is down 0.2% despite the Australian dollar\u2019s continued decline against the US dollar.<\/p>\n

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Brent\u00a0<\/a>rises<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are higher today supported by a Canadian production outage and uncertainty over Libyan crude exports. Prices ended lower Monday after OPEC meeting agreement to increase crude output: August Brent crude settled 1.1% lower at $75.34 a barrel on Monday.<\/p>\n

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dow ends below 200-day moving average US stock indices\u00a0slumped on Monday after a report that the US Treasury Department was drafting curbs that would block companies with at least 25% Chinese ownership from investing in US tech firms. The\u00a0S&P 500\u00a0lost 1.4% to 2717.07 led by technology shares down 2.3%.\u00a0Dow Jones\u00a0industrial fell 1.3% to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-129085","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=129085"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129085\/revisions"}],"predecessor-version":[{"id":129091,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129085\/revisions\/129091"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=129085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=129085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=129085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}