The major US indices are opening lower with the Nasdaq index leading the way down.

A snapshot of the markets shows:

  • Dow Jones industrial average -193.97 points or -0.51% at 38267
  • S&P down -31.32 points or 0.61% at 5168.84
  • Nasdaq down -131.42 points or -0.80% at 16312

The small-cap Russell 2000 index is down -10.17 points or - okay 0.50% at 2032.41.

Yields are lower:

  • 2-year yield 4.892%, -6.9 basis points
  • 5-year yield 4.551%, -7.2 basis points
  • 10 year yield 4.511%, -6.5 basis points
  • 30-year yield 4.612% -5.0 basis points