Major indices open lower, but up strongly for the week

The major indices are opening lower, but off their premarket low levels as well. The S&P and NASDAQ are still down for the first time in four days but on track for the best week since February 2021. The Dow is on track for its best week since November 2020.

A snapshot of the market shows:

• Dow industrial average down -143.05 points or -0.41% at 34337.72
• S&P index down -10.78 points or -0.24% at 4400.88
• NASDAQ index down -35.01 points or -0.26% 13579.77
• Russell 2000 down -3.01 points or -0.15% had 2062.00

Technically, the NASDAQ index moved above its 200 hour moving average for the first time since all the way back on January 4 yesterday. The price is trading above and below that moving average today at 13544.56. The MA will be a key technical barometer going forward.

Igo forward n other markets:

• Spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is trading down $11.50 or -0.59% at $1930.60
• WTI crude oil is trading up at $104.51. That's up from the settle price yesterday at $102.98
• bitcoin is trading at $40,511 which is fairly steady on the day and versus the 5 PM level yesterday

In the US debt market, the two year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term higher after Fed's Waller's hawkish comments. The yield curve get flatter with the 5-10 year yields are near parity:

• two year 1.96%, +4 basis points
• five year 2.158%, +1.2 basis points
• 10 year 2.162%, -0.12 basis points
• 30 year 2.435%, -3 point basis points