US stocks trade modestly lower ahead of PMI/ISM data

The major US stock 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 opening lower. The S&P and 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 are leading the way with declines of near -0.35%.

A snapshot of the market currently shows:

• Dow Industrial Average -41.27 points or -0.13% at 32615.44
• S&P index -12.61 points or -0.32% that 3957.55
• NASDAQ index -42.31 points or -0.37% at 11413.23
• Russell 2000-2.64 points or -0.14% at 1894.35

the NASDAQ index is sitting on the edge of a key technical level with the 38.2% retracement at 11436.5, and the 200 day moving average at 11405.85. The low price today reached 11413.01 so far.

At 9:45 AM, the S&P/global manufacturing PMI final estimate for February will be released. The estimate is 47.8. At 10 AM, the ISM manufacturing PMI is expected to come in at 48.0 versus 47.4 last month. Employment came in at 50.6 last month, and new orders were at 42.5. The price is paid was 44.5 last month and is expected at 45.1 this month.

In the US debt market, yields are higher:

• two year 4.847% +5.0 basis points
• five year 4.224% +5.6 basis points
• 10 year 3.952% +4.5 basis points
• 30 year 3.936% +0.7 basis points