China Sends 150,000 Troops To North Korean Border
- The benchmark averages have surrendered earlier gains on news that China has deployed 150,000 troops to the North Korean border, and the U.S. is considering further sanctions against Russia. The reports caused the S&P 500 to falter at trendline resistance at 2,370 and the Dow Jones Industrial Average to fall back to support at the 50-day moving average.
Stocks were cautiously higher before Monday's open amid geopolitical pressures and jitters ahead of Q1 earnings from the country's largest banks. As the morning progressed, the averages gained altitude before running into a wall of resistance that was exacerbated by reports of troop deployments on the Chinese border with North Korea by a Korean news agency.(Excerpt) Read more at: nasdaq.com ...
- Photo credit(s): ft.com