US stocks taking on some downside heat in early US trading

The major indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are taking on some downside heat in early US trading. The declines are once again led by the NASDAQ index. Yesterday the 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 was the weakest of the major indices as well.

The exception of the market 12 minutes into the opening is currently showing

• Dow industrial average -235.52 points or -0.70% at 33318.32
• S&P index +42.36 points or -1.07% at 3916.42
• NASDAQ index -136.73 points or -1.22% at 11046.93
• Russell 2000-28.83 points or -1.56% at 1824.32

Earlier today Fed's Bullard said that policy is not get in range to be sufficiently restrictive. The Fed hikes to date have only had a limited effect on observed inflation.

Bullard just added that any signs of disinflation are tentative at best, but is hopeful for 2023. He sees a minimum level for restrictive policy would be 5% – 5.25%.

Meanwhile the economic data showed mixed employment numbers with the initial claims remaining stay that relatively low levels. For the Philadelphia Fed employment component fell sharply as did the index.

Looking at US yields, they remain sharply higher:

• 2 year 4.449%, +8.7 basis points
• 10 year 3.78% +8.7 basis points
• 30 year 3.908% +4.8 basis points