Major indices trading lower in early US stock trading

The major US stock indices have been trading for about 15 minutes, and the price action is to the downside. Both the NASDAQ and S&P have been higher five the last six trading days. Today is getting off to a negative start.

A snapshot of the market currently shows:

• Dow Jones industrial average -276.13 points or -0.79% at 34531.34
• S&P index -35.14 points or -0.78% at 4476.46
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index -147.3 points or -1.04% at 13961.52
• Russell 2000 index -18.80 points or -0.90% at 2069.53

Of note technically, is the S&P index is moving back down toward its 200 day moving average at 4474.34. Move below that level would be a disappointment for the buyers.

In other markets:

• Gold is up $13.14 or 0.68% at $1934
• Spot silver Silver Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Read this Term is up $0.35 or 1.45% $25.10
• WTI crude oil is higher by $5.05 at $114.32
• Bitcoin is trading 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 off 20 year notes at 1 PM ET:

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

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