On Tuesday American trading grounds opened in the “red” zone. They were unable to avoid the influence of European problems; certain negative influence has also been caused by negative corporate news within the country.
Popular index Dow Jones has dropped by 0.82 percent and amounted to 12617.32 points. NASDAQ index has lost 0.94 percent, having reached 2862.99 points. Market index S&P 500 has dropped by 0.9 percent, and it currently amounts to 1338.31 points.
When US stock exchanges closed on July 23, Moody’s rating agency has lowered predictions to negative for such countries as Germany, the Netherlands, and Luxembourg. Such decision has been taken due to small belief in finding a quick decision to solve financial problems in eurozone. Crisis has already touched Spain , and Greece has been having negative impact on European Union for a long time.
Yesterday S&P 500 index opened with a rapid decline of quotations and kept falling during the entire trading session, having thus lost 662 points. As informed by the experts of Masterforex-V Academy, it has stopped at the point of strong support, namely, sloping channel MF. If the index is set below this level, the way to the next level of support – pivot MF; when this point is broken, mid/long-term bearish trend will set at the market.
