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S&P 500 ventures under the breakout point amid currency cross currents

MarketWatch
S&P 500 ventures under the breakout point amid currency cross currents

U.S. stocks are firmly lower early Friday, pressured amid currency cross currents, as an already precarious Turkish lira downdraft accelerated after the White House announced the preparation of additional tariffs on Turkish steel. In the process, the S&P 500 and Nasdaq Composite have ventured under first support while the Russell 2000 Index has staged a slight stealth intraday rally. Before detailing the U.S. markets’ wider view, the S&P 500’s