U.S. Stock Rally takes a Pause – Dow Futures Under Corrections
Jan, 10th 13:36
Wall Street closed strong on Tuesday, with the S&P 500 notching its best start to a year since 1987 but U.S. futures are now pointing towards a break in the rally as market participants awaited the unofficial start of fourth-quarter earnings season with reports of key financial sector from Wells Fargo and JPMorgan due on Friday.
The Dow Jones futures fell 103 points, or 0.41%, the S&P 500 futures down 0.38%, while the Nasdaq 100 futures lost 33.50 points or 0.50% as of .
On the technical charts, Dow Jones index has pulled back from all-time highs. But still trading above all the moving averages (9 day, 20 day, 50 day, 100 day, 200 day). The MACD is above the signal line.The RSI has pulled back to 69.79.
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