Overnight Update: US stocks sold off on Thursday sending the main indexes below key support levels

Bell Potter


Overnight Update: US stocks sold off on Thursday sending the main indexes below key support levels. The S&P 500 breached the psychologically important 1,850 level, while the Dow dropped below its 50-day moving average. Treasury prices continued to rally after a disappointing auction of long-term bonds, setting the market up for its fourth consecutive day of gains. The US dollar slightly pared losses against most major rivals, with a gain in monthly US retail sales and decline in weekly jobless claims. Gold futures settled with a modest gain. Oil futures held their ground around $98 a barrel. European stock markets fell to near their lowest level since early February. London: BHP down 0.17% Rio down 0.36%. New York: BHP up 0.12% Rio down 1.24%. Base metals on the LME traded mostly lower. Geopolitical risks including those in Ukraine, credit-crunch concerns in China and changes in the Federal Reserve's bond-buying program.

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.