Major US stock indices are trading lower to start the day

The major US stock indices are trading lower at the start of the trading day. Just ahead of the PMI nonmanufacturing data, the:

• Dow industrial average is down -254.84 points or -0.60% at 41941.68
• S&P index -13.29 points or -0.23% at 5696.25.
• NASDAQ index -7.63 points or -0.04% at 17917.49.

The Russell 2000 is down -12.54 points or -0.57% at 2182.46.

Pressuring the Dow 30 as Travelers, J.P. Morgan, Goldman Sachs, and UnitedHealth:

US yields are trading higher:

• 2-year yield 3.674%, +3.7 basis points
• 5-year yield 3.593%, +3.8 basis points
• 10 year yield 3.813%, +2.8 basis points
• 30 year yield 4.145%, +1.5 basis points

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