US stocks stumble after hitting record highs

  


Closing changes for North American trade on January 10, 2020:

Closing changes for North American trade on January 10, 2020:

On the day:

  • S&P 500 down 9 points to 3265 after hitting 3282 (-0.3%)
  • DJIA down 133 points to 28823
  • Nasdaq down 24 points to 9178

On the week:

  • S&P 500 up 0.9%
  • DJIA up 0.7%
  • Nasdaq +1.75%

The turnaround today is a bit of warning signal. Note that January is a weak seasonal month but there is a long-term trend of strength early in the month. I also tend to think the signing of the ‘phase one’ deal is sell-the-fact risk.
ForexLive



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