Major indexes trade lower as US stocks start trading

  • Energy the single leading sector. Disadvantage led by technology. The NASDAQ is down about 1%

The major US stock indices have been trading for about 15 minutes and the price action is on the downside. The NASDAQ and S&P have been higher than five for the past six trading days. Today is off to a bad start.

A snapshot of the market currently shows:

  • Dow Jones Industrial Average -276.13 points or -0.79% to 34,531.34
  • S&P index -35.14 points or -0.78% to 4476.46
  • NASDAQ index -147.3 points or -1.04% to 13961.52
  • Russell 2000 index -18.80 points or -0.90% to 2069.53

It should be technically noted that the S&P index is heading back down towards its 200-day moving average at 4474.34. Going below this level would be a disappointment for buyers.

In other markets:

  • Gold is up $13.14 or 0.68% at $1934
  • Square money is up $0.35 or 1.45% $25.10
  • WTI Crude Oil is $5.05 higher at $114.32
  • Bitcoin trades at $42,021 little change from early New York levels

In the US debt market, yields are lower on the day. The U.S. Treasury will auction 20-year notes at 1 p.m. ET:

  • two years 2.14%, -2.8 basis points
  • five years 2.365%, -3.7 basis points
  • 10 years 2.357%, -2.7 basis points
  • 30 years 2.578%, -2.7 basis points

In forex, the USD hit new lows against the EUR, GBP and NZD in the last few minutes of trading. USDJPY is also lower (USD higher) as lower yields and falling stocks send flows into the JPY after days of selling in that currency.


The strongest the weakest of the major currencies

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