US stocks lower but not like the premarket levels

The major US stock indices are opening day lower but well off the premarket levels thanks in part to the better-than-expected PCE data, and the hopes that a solution to the Washington problems will ultimately be found.

The numbers are showing:

• Dow industrial average is now up 26 points or +0.03% at 42360
• S&P index is down -13 points or -0.23% at 5853.48
• NASDAQ index -121 or -0.63% at 19250

The NASDAQ index is down over 300 points premarket trading.

For the trading week:

• Dow industrial average -3.39%, it works week since March 2023
• S&P index is down -3.25% which is it worst week since September 3 when the index fell -4.25% (the worst week for the year)
• NASDAQ index is down -3.37%, its worst week since September 3.

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