At the beginning of the day, the primary US stock market indicators are falling for the fourth day in a row. These indicators are important tools for investors to track market performance by comparing current and past prices. They are both investable and transparent, which means investors can buy into these indicators through index funds such as mutual funds or exchange-traded funds. At 10 AM ET, Chair Powell will speak for the second day of testimony. Additionally, initial jobless claims are showing weakness in employment strength, although continuing claims have not yet reflected this.
At present, a glimpse of the market reveals:
Yields in the US debt market are elevated.
The value of the US dollar is increasing.
The price of crude oil has decreased by more than $2 and is currently at a price of $70.43. Gold has also experienced a decrease, with a drop of $9.50 and its current price being at $1923. The value of the coin has risen above $30,000 and is now priced at $30,206.
