The major US stock indices are sliding at the open. The S&P and NASDAQ are in negative territory for the week. The Dow industrial average is clinging to a small gain.
A snapshot of the market currently shows:
- Dow industrial average down -209.64 points or -0.62% at 33789.41
- S&P index -28.83 points or -0.67% at 4254.90
- NASDAQ index -121 points or -0.93% at 12844.28
- Russell 2000-21.07 points or -1.05% at 1979.65
In the US debt market, yields are higher:
- 2 year 3.28%, +7.4 basis points
- 5 year 3.104%, +7.2 basis points
- 10 year 2.972%, +8.6 basis points
- 30 year 3.217%, +7 point basis points
The price of crude oil is spiking to the upside over the last 2 hours, and has moved to a new session high at $90.84. The price move back above the $90 level and also above its 200 hour moving average at $90.11. The low price reached $80.37. That took the price briefly below its 100 hour moving average, but buyers quickly returned and push the price higher.
Crude oil raises higher
