Thursday , 19 September 2024
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US stocks open marginally lower. Off premarket low levels.

Major US stock indices are opening marginally lower and off premarket low levels. The NASDAQ index was down triple digits in premarket trading at session lows. A lot of those declines have been pared. The Dow is the worst performer of the three major indices.

A snapshot of the major indices three minutes into the open is showing:

  • Dow Industrial Average is down -140.50 points or -0.36% at 38430.54
  • S&P index is down -14.11 points or -0.27% at 5269.30.
  • NASDAQ and is down -32.80 points or -0.19% at 16795.87.

The small-cap Russell 2000 is also lower by -4.52 points or -0.61% at 2047.15.

Looking at the US debt market, yields are continuing their move back to the downside:

  • 2-year yield 4.789%, -2.9 basis points
  • 5-year yield 4.373%, -4.4 basis points
  • 10 year yield 4.357%, -4.5 basis points
  • 30-year yield 4.506%, -4.4 basis points

Looking at other markets:

  • crude oil is trading down $-1.15 or -1.55% at $73.06.
  • Gold is trading down $18 at $2332.
  • Silver is down $1.03 or -3.36% at $29.72.
  • Bitcoin remains below the 70,000 level at $69,331
  • Ethereum is trading at $3776 up $4.70.

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

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