With stocks set to open lower, the major indices are also set to open below 2017 closing levels

Threat of going negative on the year

The closing levels for 2017 were the following in the major indices:

• S&P index 2,673.61
• Nasdaq index 6,903
• Dow 24,719.22

The futures imply an opening for the indices at:

• S&P open at 2,653
• Nasdaq open 6,888
• Dow open 24,687

Each are below the 2017 closing levels.