U.S. stock market trading volume is light, S&P 500 opens little changed
According to ChainCatcher, citing Golden Ten Data, as the holiday approaches, trading volume in the U.S. stock market remains light, with the S&P 500 index showing little change at the open and tech stocks experiencing mixed movements. Trading volume on Tuesday is likely to remain subdued, with Monday's volume nearly 40% below the 20-day average. Craig Johnson, Chief Market Technician at Piper Sandler & Co., stated that despite the shortened trading week due to the holiday, the market continues to rise with a calm confidence. Market breadth continues to improve, trend indicators remain constructive, and volatility has broken through key support levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The number of initial unemployment claims in the US last week fell to 197,000, one of the lowest levels since 1969.
The US labor market demonstrates resilience, as initial jobless claims for the week ending September 19 fell to 197,000, the lowest level since July and one of the lowest readings since 1969. The four-week average also declined, indicating that high interest rates have yet to trigger large-scale layoffs. However, the market shows a structural feature of "low layoffs but uneven hiring," with job-seeking and job-hopping opportunities still limited.
Germany: Cyclical resilience versus structural risks – ING
Sector Update: Healthcare Stocks Mixed Pre-Bell Thursday
Rio Tinto to expand metals trading beyond own output
Crypto prices
More
