The major US stock indices are opening lower but not as low as premarket levels. In premarket trading, the S&P index is down over -50 points. The NASDAQ index is down over -200 points and the Dow industrial average was down over -500 points, and geopolitical concerns. Some of that fear has dissipated a bit. Nevertheless, US stocks are off to a negative start.
A snapshot of the market 10 minutes into the open is showing:
Dow industrial average -332.63 points or -0.77% at 43056.97.S&P index -28.21 points or -0.48% at 5865.41.NASDAQ index -52 points or -0.28% at 18739.08 Russell 2000-17.28 points or -0.75% at 2289.06
US yields are lower on the day but off their lowest level as well as the flight to safety flows dissipate a bit:
2 year 4.254%, -2.9 basis points5- year 4.237%, -3.7 basis points10-year 4.372% -3.9 basis points30 year 4.567%, -3.9 basis points
This article was written by Greg Michalowski at www.forexlive.com.
