Stock Indices Forecast – Rising Yields Pressure S&P 500, Nasdaq, and Dow
The Dow Jones 30 finds itself crawling along the floor here in the last couple of days early on Tuesday, but ultimately, this is a market that is still very much in an uptrend. It’s the rising interest rates that are punishing everybody, including the Dow Jones 30 early in the session, but the 53,000 level underneath looks as if it could potentially be support, as it was previous resistance. Market memory would dictate there should be some type of reaction there, so I am watching this.