US stocks trading lower for the 2nd consecutive day

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 trading lower for the 2nd consecutive day. The Dow Industrial Average is leading the declines with a decline of near 0.45%. Fed chair will begin his testimony at 10 AM ET. The text of his prepared remarks have already been released. You can find them HERE.

A snapshot of the market 9 minutes into the open shows:

• Dow industrial average -158.07 points or -0.46% at 33895.81
• S&P index -17.76 points or -0.40% at 4370.96
• 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 -46.31 points or -0.34% at 13620.99

The smaller Russell 2000 index is also lower. It is down -9.71 points or -0.53% at 1857.00.

In the US at that market, yields are higher:

• 2 year yield 4.740% +4.3 basis points
• 5 year yield 4.004% +4.6 basis points
• 10 year yield 3.779% +5.2 basis points
• 30 year yield 3.861% +4.4 basis points

Crude oil is trading near unchanged at $71.11. Gold prices are down $11.66 at $1923.41. Bitcoin is trading marginally above $29,000 at $29,098.

The USD remained higher.

• The USDJPY is trading to a new session high extending above the high price from yesterday in the process (see video HERE)
• The EURUSD remains in a narrow 28 PIP trading range. There is support between 1.0895- 1.0908 and resistance between 1.0933 - 1.0942 (see video HERE). There is room to roam in the pair.
• The GBPUSD moved lower despite stronger CPI data. The support comes at 1.2700 and then the 200 hour MA at 1.26844. Key support area today (see video HERE)