Major US indices head lower at the start of trading

The major US indices are heading lower to start the trading day

• Dow industrial average -270 points or -0.78% at 34370.97. Yesterday the index fell -280.7 points
• S&P index is down -46.29 points or -1.02% at 4478.82. Yesterday the index fell -57.52.
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index -232.36 points or -1.64% at 13971.81. Yesterday the index fell -328.39 points.
• Russell 2000 is down -24.05 points or -1.18% at 2021.98.

Looking at the S&P index on the daily chart below, the price has fallen below its 200 day moving average at 4490.46. Yesterday the price fell back below its 100 day moving average at 4537.82 and closed below that key moving average level. The fall below the 200 day moving average increases the bearish bias if the price can stay below that level.

In other markets

• Gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is up now about $5.11 or 0.27% $1928.66
• Crude oil is trading down around five cents on the day at $101.92.
• Bitcoin is trading at $44,796 down around $700 on the day

In the US debt market,

• 2 year is trading at 2.543%, up 2.5 basis points
• 10 year is trading at 2.637%, up 8.6 basis points
• 30 year is trading at 2.673%, up 9.8 basis points

In the forex, the EUR remains the strongest while the CHF remains the weakest.