Major US indices are trading lower to start the new trading week.
The major three indices are down around 0.15% to 0.25% The NASDAQ is on a five-day win streak with record closes on each of those trading days. The S&P snapped its win streak on Friday with a modest decline.
A snapshot of the market currently shows:
Dow Industrial Average average -52.60 points or -0.14% at 38536.57S&P index -8.68 points or -0.16% at 5422.93NASDAQ index -45.80 points or -0.26% at 17643.08
the small-cap Russell 2000 fell -5.85 points or -0.29% at 2000.30.
US yields are higher which is helping to pressure stocks:
2-year yield 4.748%, +6.3 basis points5-year yield 4.299%, +7.4 basis points10- year yield 4.288%, +7.6 basis points30-year yield 4.428%, +7.8 basis points
NY Fed Pres. Williams speaks at 12 noon followed by Fed’s Harker at 1 PM
This article was written by Greg Michalowski at www.forexlive.com.
