FXStreet – After a small recovery movement to the opening of the US markets back into the red, and so was a continuation of the previous day’s losses. The reason for this is likely to have on Hand the political turmoil in the United States.
The investors to solve their bullish bets because of the threat of escalation to the highest political level. This is likely to make it for the new US government, not easier, to bring the promised growth-friendly measures.
The Dow Jones Industrial Average rose last 23,56 points to 20.630 counter. For the much broader S&P 500 Index was nearly 7 points to 2.363 counter. The technology index Nasdaq Composite rose by more than 10 points to 6.022 counter.
The early recovery movement is likely to be attributable to positive fancy US economic data. So the initial jobless claims surprise to the 4,000 fallen, and the Philly Fed Index jumped in may to its highest level in 10 months.
Nevertheless, the political developments of the price driver. The strong rise in the volatility index (VIX) suggests that the risk appetite of investors is low, so that is to be expected in the short term, with no steep recovery.
** FXStreet News Editorial, FXStreet**