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US stock indices soften early as earnings season begins amid rising rates and geopolitical concerns.
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 showed slight pullbacks in early trading as the earnings season kicks off. The Nasdaq 100 faces resistance near its 50-day EMA and support around 28,500, while the Dow Jones hovers near key support at 52,000 and resistance at 53,000. The S&P 500 is consolidating near 7,490 within a rising wedge pattern, suggesting potential for a move higher but currently waiting on earnings results and market momentum. Rising interest rates and geopolitical tensions in the Middle East add uncertainty to market direction.
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 showed slight pullbacks in early trading as the earnings season kicks off. The Nasdaq 100 faces resistance near its 50-day EMA and support around 28,500, while the Dow Jones hovers near key support at 52,000 and resistance at 53,000. The S&P 500 is consolidating near 7,490 within a rising wedge pattern, suggesting potential for a move higher but currently waiting on earnings results and market momentum. Rising interest rates and geopolitical tensions in the Middle East add uncertainty to market direction.
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