Looks like Wall Street’s major indices are in some sort of arrangement. Since NASDAQ, S&P 500, and DOW traded with a positive bias yesterday, now these major indices opened with a negative sentiment together again. NASDAQ Composite Index opened with a negative bias on 7607.74 from its previous close of 7,635.07. S&P 500 & Dow 30 followed the footsteps of NASDAQ and traded with positive sentiment and opened at 2,765.84 and 25,209.29 respectively.
However, the Dow Jones Industrial Average rose on yesterday and ended at its highest level in nearly three months. Despite, it couldn’t continue it the next day. Even though the stocks have attempted to break higher in recent days as investors were confident enough that threats of tighter trade policies won’t be a significant drag on global growth. But, unfortunately, it doesn't happen.
This negative bias will surely put some influence in the domestic market.