Major US stock indices are lower but off their lowest premarket levels

The major US stock indices are opening lower but not as low as premarket levels. In premarket trading, the S&P index is down over -50 points. The NASDAQ index is down over -200 points and the Dow industrial average was down over -500 points, and geopolitical concerns. Some of that fear has dissipated a bit. Nevertheless, US stocks are off to a negative start.

A snapshot of the market 10 minutes into the open is showing:

• Dow industrial average -332.63 points or -0.77% at 43056.97.
• S&P index -28.21 points or -0.48% at 5865.41.
• NASDAQ index -52 points or -0.28% at 18739.08
• Russell 2000-17.28 points or -0.75% at 2289.06

US yields are lower on the day but off their lowest level as well as the flight to safety flows dissipate a bit:

• 2 year 4.254%, -2.9 basis points
• 5- year 4.237%, -3.7 basis points
• 10-year 4.372% -3.9 basis points
• 30 year 4.567%, -3.9 basis points

In other markets as US stocks trading gets underway

• crude oil is trading up $0.23 or 0.32% at $69.39
• Gold is trading up $17 or 0.65% at $2629.41
• Bitcoin is trading up $1200 at $91,800. The high price reached $92,836. The all-time high price is at $93,483.

This article was written by Greg Michalowski at www.forexlive.com.