Major US indices are opening lower with the NASDAQ is down -200 points to raising the gains from Friday’s trade (+197 point).
A snapshot of the market nine minutes into the open showing:
Dow industrial average -228.2 at -0.55% at 41338S&P index -23.51 points or -0.77% at 5605NASDAQ index -211 points or -1.19% at 17504
The small-cap Russell 2000 is down -15.66 points or -0.71% at 2201.98.
The gains from last Friday were enough to extend the string of positive weeks for the S&P to three (the S&P closed the week up 0.24%). The Dow industrial average also closed higher for the third consecutive week (it rose 0.94%).
The NASDAQ index fell last week snapping its two week string of gains (-0.92% for the week)..
This article was written by Greg Michalowski at www.forexlive.com.
