Dow 30 stocks lead the move to the downside. Nasdaq 8-day winning streak in jeopardy
The major US indices are opening on the downside with the Dow 30 stocks leading the way. The NASDAQ 8-day winning streak is in jeopardy.
A snapshot of the major indices 4 minutes into the opening are showing:
- S&P index -24.04 points or -0.77% at 3107.25
- NASDAQ index -24.938 points or -0.25% at 10106.42
- Dow industrial average -270 points or -1.03% at 25885.43
in the US debt market, yields remain above and below the unchange level:
- 2 year 0.191%, +0.5 basis points
- 5 year 0.336%, +0.6 basis points
- 10 year 0.718%, +0.6 basis points
- 30 year 1.487%, -0.4 basis points
Spot gold is trading down $-2.58 or -0.15% at $1765.83. The high price reached a new high going back to 2012 at $1779.53, before rotating back to the downside.
WTI crude oil futures are trading down $0.44 or -1.09% at $39.93. It's high price reached $40.54. The low price extended to $39.36.
The NZDUSD remains the biggest mover with a near -1% decline on the day. The RBNZ kept rates unchanged. The US dollar remains the strongest currency of the majors.
