The major US indices are opening lower with the major indices down about -0.8%
A snapshot of the market currently shows:
- Dow industrial average -258 points or -0.8% at 32025.36
- S&P index -30.29 points or -0.75% at 4027.37
- NASDAQ index -98.29 points or my 0.1% at 12043.42
- Russell 2000-18.96 points or -1.0% at 1880.87
Looking at US yields, the yields are higher but off their highest levels:
- two year 3.415%, +1.2 basis points. The high yield reach 3.487%
- five year 3.246%, +4.2 basis points. The high yield reach 3.301%
- 10 year 3.089%, +4.6 basis points. The high yield reach 3.129%
- 30 year 3.231%, +4.1 basis points. The high yield reach 3.261%
Looking at other markets:
- crude oil is trading higher. It is up $1.85 that $94.88 the price is moving back closer to its 200 day moving average at $96.01.
Crude oil is up testing its 200 day moving average
- Spot gold is trading up $1.20 at $1738. The price is well off its low of $1720.40. That was the lowest level since July 27