Major US stock indices open lower. Declines add to the woes from yesterday

The major US stock indices are opening lower and adding to the woes from yesterday when the NASDAQ index fell -3.4% led by Nvidia which fell over 9.4% yesterday.

A snapshot of the market currently shows:

• Dow industrial average is near unchanged at 40,940
• S&P index down -15 points or -0.28% at 5513.85
• NASDAQ index down -100 points or -0.57% or 17038

The small-cap Russell 2000 is trading down by -9.10 points or -0.42% at 2138

Shares of Nvidia are lower by another 2.2% in early trading.

• Meta is down -0.63%
• Apple is down -1.03%
• Amazon is down -1.57%
• Alphabet is up 0.69%
• Microsoft is down -1.03%

Bank of Canada rate decision is ahead at 9:45 AM ET. The expectations are for a 25 basis point cut to 4.25%. There is a possibility for a 50 basis point cut.

Factory orders and revisions to durable goods will be released at 10 AM ET. The JOLTs job openings will be released at 10 AM ET.

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