daytrades july 2 morning ...

Happy Mufti Day Traders, (thanks for the handover Highlandlad)

Dow Snapshot

"Stocks slipped Thursday, but managed to trim bigger losses, after worse-than-expected readings on manufacturing, housing and the labor market fueled fears that the economy is heading for another recession. "The combination of a weak weekly jobless claims number and a lower-than-expected manufacturing index helped send the market sharply lower throughout much of today," said Michael Sheldon, chief market strategist at RDM Financial Group. However, on a positive note, the S&P 500 was able to touch and then bounce off a key level professional traders watch, Sheldon said, which could give the market some stability in the short term."[Source: cnnmoney.com]

The DJIA Index finished the session: Down 41.49 pts; and
The SPI Futures are currently: Down 23 pts atm.

Of Note in the US this evening:

Firstly, please note that it is a long weekend in the US for the 'Independence Day' holiday this weekend.

Employment Situation [Market moving indicator]

... AND ...

There is no noteworthy 'Economic news' due to be released in Australia tomorrow.

[Sources used: nasdaq.com and fxstreet.com]
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Gold is trading Up $3.30 atm and is currently sitting at $1,202.70/oz [Source: Kitco];
Oil is currently trading down $2.67 atm and is currently at $72.34/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8452 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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