The S&P 500 is trading down 22 points shortly after the open. The mood improved slightly after Yellen convened a meeting of banking regulators.

Tech is performing inline with the market after a big outperformance yesterday. Shares of Netflix have followed yesterday's big gain with another 2.2% rise. The big winner so far is Activision as UK regulators ease the pressure on the merger with MSFT.

SPX daily