Nasdaq Moves Sharply Lower In Morning Trading, Dow Posting Modest Loss
WASHINGTON (dpa-AFX) - Stocks have moved mostly lower in morning trading on Monday after ending the previous session nearly unchanged. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
The Dow has climbed well off its worst levels of the day but remained down 99.44 points or 0.3 percent at 31,394.88. The Nasdaq is down 199.43 points or 1.4 percent at 13,675.03 and the S&P 500 is down 25.34 points or 0.7 percent at 3,881.37.
The weakness on Wall Street partly reflects concerns about the outlook for inflation following the recent advance by bond yields.
Palo Alto Networks Sends Cautionary Technical Signals Ahead of Earnings There are signs that the uptrend is wavering in shares of the provider of cybersecurity platforms. Stocks quotes in this article: PANW
Palo Alto Networks (PANW) is set to report its fiscal second-quarter results after the close of trading here on Monday. Let s check the charts and indicators to see how things may be positioned for the provider of cybersecurity platforms.
The last time we reviewed PANW was way back on Aug. 22 of last year. We wrote at that time, The three charts above are strong and the indicators are bullish. the $323-$340 area is our next price objective.
Export, which takes up about half of the export-driven economy, amounted to $30.4 billion from February 1-20, up 16.7 per cent from the same period of last year, according to the Korea Customs Service.The