Read this before you start trading today!

  • US indices continued to drop yesterday. S&P 500 dropped 2.15%, Dow Jones moved 1.99% lower, Nasdaq plunged 2.67% and Russell 2000 plummeted 3.26%

  • Stocks in Asia traded lower as well. Nikkei drops over 2.5%, S&P/ASX 200 trades 0.8% lower and Kospi declines 1.4%

  • DAX futures point to a lower opening of the European cash session

  • According to Times of Israel, Israel Defense Forces plans to approve Gaza ground invasion later today

  • Biden said he sees a chance for a compromise on infrastructure spending after meeting with Republican leaders

  • Bitcoin plunged below $46,000 after Elon Musk said Tesla will no longer accept the coin as payment. Musk said that fossil fuel use in Bitcoin mining is too high and that he prefers other coins. Bitcoin has recovered to $50,000 since

  • Colonial Pipeline began to resume operations of the pipeline network on the US East Coast. However, it may take several days until supply returns to normal

  • Boeing fixed electrical issues in its 737 MAX plans and received FAA approval to return to service

  • Precious metals trade higher but gold lags. Oil, industrial metals and agricultural commodities decline

  • EUR and CAD are the best performing major currencies while AUD lags the most

S&P 500 (US500) had the worst 3-day performance in 6 months. US index tested 50-session moving average for the first time late-March 2021.