Wall Street Indices Decline Sharply at the Start of Trading

US indices opened sharply lower on Thursday, with the Nasdaq leading the decline among Wall Street's major indices.

The ongoing US-Iran war continues to negatively impact US indices, making caution crucial when trading them. Further losses are expected if the war persists and tensions escalate.

Indices' Movement

The movements of the US indices were as follows:

The Dow Jones opened down 1.35% and continued its decline, reaching levels of $45,829.

The index has already reached the target we mentioned recently, and we may now see some upward corrections.

The Nasdaq opened down 2.05% and continued its decline today, reaching levels of $23,845.

The index reached strong selling pressure, so we may see a renewed decline targeting the $23,155 level.

The S&P 500 opened down 1.47%, and the US index continued its decline, reaching $6,461.

The index began a downtrend, but managed a corrective rebound, aiming to reach strong selling pressure. Therefore, we expect to see a return to the downtrend and its continuation in the medium term.