US stocks move back to the downside. Dow is now negative and S&P is near unchanged.

There's been a mutation back to the downside in the major US stock indices.

• The Dow industrial average is now negative on the day. It currently trades -24.63 points or -0.07% at 34074.80
• The S&P index is back near unchanged and closer to the 4000 level. It trades at 4008 up 4.43 points or 0.12%
• The 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 remains higher. It trades at 11214.14 up 40 points or 0.36%.

The Dow industrial average got close to the August high of 34281.36. The high price reached 34243.87 before rotating down.

The S&P index extended above its high from last week at 4028.84 but could only extend the game by less than 1 point to 4029.66. The inability to move higher turned buyers to sellers.

The two year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term is off its lows at 4.469%. It currently trades at 4.494%. The 10 year yield is also off its a low of 3.695% at 3.735%.

At 2 PM ET, the FOMC will release the meeting minutes from the November meeting. Recall at that meeting the Fed raise rates by 75 basis points to 4.0% as expected.

In the statement, the Fed added that:

"In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments."

However, they also said:

"The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time."