Major US equity indices slipped during the opening hour of trade, with weakness in technology shares weighing on the broader market. A sharp drop in the shared of Netflix Inc., led by disappointing quarterly results, was seen influencing shares of Internet-related companies. Corporate earnings report by a batch of major companies would remain the main attraction and set the near-term tone for the markets. Meanwhile, investors also seemed reluctant to place aggressive bets ahead of the Fed Chair Jerome Powell’s testimony to the Senate Banking Committee and further collaborated to the early decline. On the economic data front, a better-than-expected US industrial production data was partly offset by a slight disappointment from capacity utilization rate and did little to provide any meaningful support. At the time of writing this report, the Dow Jones Industrial Average was down around 50-points to 25,012 and the broader S&P 500 Index dipped over 4-points to 2,794. Meanwhile, tech-heavy Nasdaq Composite Index lost over 20-points and weakened farther below the 7,800 mark. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Semiannual Monetary Policy Report to the Congress by Chairman Jerome H. Powell FX Street 5 years Major US equity indices slipped during the opening hour of trade, with weakness in technology shares weighing on the broader market. A sharp drop in the shared of Netflix Inc., led by disappointing quarterly results, was seen influencing shares of Internet-related companies. Corporate earnings report by a batch of major companies would remain the main attraction and set the near-term tone for the markets. Meanwhile, investors also seemed reluctant to place aggressive bets ahead of the Fed Chair Jerome Powell's testimony to the Senate Banking Committee and further collaborated to the early decline. On the economic data front,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
