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New lows as Nasdaq leads the equity market selling -- weekly gain wiped out

It has gotten ugly in equity markets on Friday the 13th.The Nasdaq Comp is leading the way lower, down 1.5% while the S&P 500 is down by 0.85%. The drop today wipes out the weekly gain in the Nasdaq after a strong start.There's a disjunctive risk-off tone in markets today in part due to worries about what might happen in the Middle East on the weekend. There are indications that Israel is planning an offensive and there are worries it could pull other countries into the conflict.In addition, tod... Read More

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Content Topics

Lows

Nasdaq

Leads

Equity

Market

Selling

Weekly

Gain

Wiped

Forex

Posted: Oct 13 2023, 17:40

Author Name: forexlive

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