NASDAQ index down about 2% (was down close to 3% implied by the futures).
The major US stock indices are opening sharply lower. That's the bad news. The not so bad news is that they are off low levels implied by the futures (at least the tech heavy NASDAQ where the futures implied a -3% decline).
A snapshot of the market a few minutes into the opening is currently showing:
- S&P index -50.27 points or -1.48% at 3335.22
- NASDAQ index -208 points or -1.89% at 10841.64
- Dow down 359 points or -1.28% at 27672.74
in other markets:
- Spot gold is trading down $21.98 or -1.12% at $1937.28.
- Spot silver is trading down $0.67 or -2.49% at $26.48
- WTI crude oil futures are trading down $0.31 or -0.77% at $39.85
US yields are lower with a flatter yield curve:
- 2 year 0.127%, -1.0 basis points
- 5 year 0.256%, -2.5 basis points
- 10 year 0.660%, -3.6 basis points
- 30 year 1.411%, -4.7 basis points
In the forex market, the JPY remains the strongest and the GBP remains the weakest of the major currencies. Both are off extremes vs the USD.
