When asked about a trade deal with India, US Treasury Secretary Bessent says:
We are still working on a India trade
Companies like Nike export from India. Their stuff today is down sharply but -3.89% at $63.30. In the tumble, the price has moved back below its 100 and 200 hour moving averages at $64.06 and $63.86 respectively. That shifts the bias back in favor of the sellers.
This article was written by Greg Michalowski at investinglive.com.