Upcoming inflation data and initial company earnings will reveal the Middle East war’s impact on the U.S. economy and corporations. Investors are closely watching oil prices and their effect on inflation, with the S&P 500 previously struggling due to the conflict. Strong corporate profits are hoped to support stocks despite these concerns.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on May 29, according to stockedge.com’s technical scan data.