The US stocks open little changed and moves lower after the sharp declines on Friday

Hello May! Goodbye (Good riddance) April.

The Dow is down 5 weeks in a row. The S&P and Nasdaq is down 4 weeks in a row. The Nasdaq tumbled over 13% in April The S&P fell 9%. The Nasdaq fell over 4% on Friday alone what to put the cherry on the pile of do-do.

Hope springs eternal but after opening little changed, the Nasdaq and major indices are moving back to the downside.

Nine minutes from the open, the snapshot of the market currently shows:

• Dow industrial average -123.71 points or -0.38% at 32853.51
• S&P index -22 points or -0.53% at 4109.92
• 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 -31.5 points or -0.66% at 12253.14
• Russell 2000-2.2 points or -0.12% at 1861.89

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 getting hit hard at -$38.35 points or -2.02% $1857.47
• Spot silver is down $0.59 -2.64% at $22.14
• WTI crude oil is trading down $3.80 at $100.78
• The price of bitcoin is near unchanged at $38,573

The US debt market, yields are moving higher with the longer end steepening

• 2 year, 2.719%, unchanged
• 5 year 2.991%, +3.1 basis points
• 10 year 2.981%, +4.2 basis points. That represents a new cycle high for the 10 yield in at the highest level since December 2019
• 30 year 3.042%, +4.0 basis point. The 30 year yield is also at a new cycle higher. The highest level since March 2019

PS: five minutes later in the stocks have reversed their declines. With the NASDAQ index now higher by about 40 points in volatile trading.