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    World View: S&P 500 fell below its 50-day moving average

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    World View: S&P 500 fell below its 50-day moving average

    Wall Street was pressured on Friday, the Dow was down about 200 points on account of Apple which was down 4 percent in trade on Friday.
    The S&P 500 too fell below its 50-day moving average (DMA).
    10-year yield was up at 4-year high and the two-year yield was at a decade high.
    Crude oil stood at $74 per barrel. US President Donald Trump tweeted on crude oil saying, “Looks like OPEC is at it again. With record amounts of oil all over the place, including the fully loaded ships at sea. Oil prices are artificially very high! No good and will not be accepted!”
    Large amounts of cuts were seen across the European region, by and large lower and the only stock that stood out was Ericsson, up about 18 percent.
    Asian markets are lower, taking the cues coming in from Wall Street and ignoring the peace pipe that was blown between Kim Jong Un and Donald Trump.
    SGX Nifty, on the back of weak Asian cues, indicated a lower start in today’s trading session.
     
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