OctaFX | OctaFX Forex Broker
Open trading account
Back

US equities decline, DJIA falls 0.34%

FXStreet (Mumbai) - US stocks are trading lower, after indices closed at all-time highs yesterday, as data showed the economy added less jobs than forecast in October.

The S&P 500 is trading 0.19% lower at 2027.30, while the DJIA is trading 0.26% lower at 17,508 levels. The Non-farm payrolls data showed job additions of 214,000 , which fell short of the market expectation of 235,000. However, the employment gains exceeded 200,000 for a ninth straight month in October, Meanwhile, the jobless rate fell to 5.8% in October.

Moreover, the DJIA is trading down from the previous session’s all time closing high of 17,554 levels. The index breadth is positive with an advance decline ratio of 11:19. Among the top gaining index stocks are Chevron, Exxon Mobil, Caterpillar and The Travelers. On the other hand, top losers include Walt Disney, UnitedHealth, Microsoft, Intel and J&J.

DJIA Technical Levels

The index has an immediate resistance at 17,554, above which the index can set new record highs. On the flip side, the prices can fall to 17,400, if the immediate support at 17,495 is breached.

EUR/JPY retreats from 143.00

EUR/JPY rose toward 143.00 after the release of the US employment report but failed to break higher and turned to the downside, as the yen strengthened across the board.
Read more Previous

Dollar has Beach Ball Action with Jobs Data - BBH

Analysts at Brown Brothers Harriman explained that the US jobs data was largely in line with expectations, and the key take away is the divergence between the US on one hand and Europe and Japan on the other.
Read more Next
Start livechat