Finance
Top Things to Know Before the Market Opens Today

Top Things to Know Before the Market Opens Today

0 0
0 0
Read Time:3 Minute, 30 Second

Before the market opens today, you should pay attention to what’s happening in the news. Stocks that open higher will probably continue that trend for 5-10 minutes. On the other hand, stocks that open lower will likely reverse their trend for 20 minutes. Moreover, overnight news can have a big impact on the market. Read on to find out how to trade stocks on the news. Hopefully, the information above will be helpful.

 

Stocks that open higher or lower than they closed

What happens when stocks open higher or lower than they closed today? The market is likely to be affected by two major factors: economic news, and the outlook for the U.S. economy. If economic news is bad, stocks often gap lower. Then, they rebound for around a half-hour. This overnight gap fills with bargain hunters and short-term traders. However, for long-term investors, the initial fall could be alarming. To avoid falling stocks, wait and see what happens.

Last month’s CPI data was disappointing and analysts started tallying up signs of cooling inflation. Falling mortgage applications and lower fertilizer prices were considered evidence of a slowing economy. The Dow Jones Index fell 2.8%, losing nearly 900 points. Japanese investors, worried about the U.S. stock market decline, were holding off on buying until Tokyo markets reopened on Monday. The S&P 500 opened 3.8% lower.

While big news can upset these tendencies, the last hour of trading tends to be strong for reversals. Short positions may be liquidated during the last hour of the day as nervous traders exit the trade. On the other hand, long positions may move to a sell position if the market trended higher. To avoid such risks, traders should wait until the last 10 to 15 minutes of trading to determine if the trend will continue.

 

US Markets

US stocks fell on Monday after a lack of catalysts left investors nervous about the week’s back-end, which is loaded with vital inflation figures and the unofficial start of the second quarter of earnings season.

The Dow Jones Industrial Average fell 164.31 points or 0.52 percent in value, to 31,173.84 The S&P 500 fell 44.95 points which is 1.15 percent up at 3,854.43 as well. The Nasdaq Composite dropped 262.71 points which is 2.26 percent up to 11,372.60.

 

Asian Markets

South Korea’s Kospi dropped 0.48 percent, while Australia’s S&P/ASX200 gained 0.29 percent. MSCI’s largest gauge of Asia-Pacific shares that aren’t based in Japan was barely above the flatline.

 

SGX Nifty

Trends in the SGX Nifty indicate a negative opening for the index in India with a decline of 29 points. The Nifty’s futures were trading at 16,169 levels on the Singaporean exchange.

 

Twitter shares fall by 6 percent after Musk’s $44 billion contract is scuttled

Twitter Inc.’s shares Twitter Inc fell about 6 percent in premarket trading on Monday amid a legal battle between Elon Musk and the social media company is likely to be the focus of attention after the world’s richest man left an agreement worth $44 billion.

Musk CEO Musk chief executive officer at Tesla Inc, said on Friday that he would end the deal to purchase Twitter due to the fact that the company violated several provisions in the agreement for a merger.

Twitter plans to file a lawsuit against Musk within the next week to make him complete the deal, sources who are familiar with the situation informed Reuters.

 

RBI creates an instrument to settle business transactions using rupees

The Reserve Bank of India (RBI) on July 11, announced it was putting in place a system for international trade settlement in rupees. The move by the central bank that it claimed was to encourage growth in international trade and to help to grow worldwide interest in the rupee is in the midst of increasing demand for the Indian currency following the events of Russia’s military invasion of Ukraine.

Also Read: Looking To Invest This Winter? Busting The Biggest Myths That Could Hold You Back

About Post Author

admin

Hi, There! This is Evie Mills. I am a blogger and a passionate writer. My key areas of interest are lifestyle, business, technology, and home decor. In my free time, I love listening to music and playing with my cute dog.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
0

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.