The major indices are opening sharply lower after Russia invaded Ukraine.
- The Dow and NASDAQ are now down for the six consecutive day
- the S&P is down for the fifth consecutive day
- NASDAQ is down over 22% from its all-time high
- S&P index is down 14.5% form its all-time high
- The Dow industrial average is 12.6% from its all time high
A snapshot of the market currently shows:
- Dow industrial average -790 points or -2.38% at 32343
- S&P -89 points -2.10% at 4138
- NASDAQ index -267 points or -2.05% at 12770
- Russell 2000 is down -39.2 points or -2.02% at 1905.00
A look around the markets currently shows:
- Spot gold is off it's highs but still trades up around $29 or 1.5% at $1936.40. The high price reached $1974.40
- WTI crude oil is trading at $98.10. That's up around six dollars on the day. The high price reached $100.54
- Bitcoin is trading at $35,252. It is not the safe haven that some had hoped. The low price reached $34,324.05. The high was at $37,444
In the US debt market, yields are still lower on the day but off their lowest levels. The expectations of a 50 basis point hike have started to dwindle with the stock market and with the global tension despite what could be higher inflation as a result of oil prices and other commodities. It's a tough situation.
US yields are lower
