Dax and S&P 500 Close Slightly Down After Bullish Gap, As ME Ceasefire Uncertain
Stock markets opened with a bullish gap today on ceasefire rumours between Israel and Lebanon, however, they’re closing the day slightly lower as the details of a possible agreement remain uncertain.
Global stock markets turned quite bullish in September, with US stocks continuing to push higher on the Trump Trade. The S&P 500 broke above the 6,000 level, reaching 6,030 before retreating lower earlier this month. However, buyers returned and after the bullish gap higher today, the SPX index touched the all-time high as Trump picked Scott Bessent as Treasury Secretary who is a friendly face to the markets, while rumours for a deal between Israel and Lebanon also helped improve risk sentiment.
S&P 500 Chart Daily – MAs Continue to Hold As Support
But the index couldn’t print a new record high and eventually retreated lower as risk sentiment turned sour later in the US session. According to Al Jezeera, the Israeli administration has concerns regarding several aspects of the cease-fire agreement between Israel and Lebanon.
S&P 500 Live Chart
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