US stocks open lower. 4 day losing streak for the major indices

The month of August saw the major US indices moving lower.

• Dow industrial average fell -4.07%
• S&P fell -4.,26%
• Nasdaq fell -4.64%
• Russell 2000 fell -2.24%

Adam points out that September is not historically good month either for US indices. Spetember over the last 20 years shows:

• Second worst month for 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
• Worst month for the S&P 500

The month is getting off to a slow start with the major indices moving to the downside to start the trading day. A snapshot of the market 5 minutes into the open is showing:

• Dow industrial average -183.4 points or -0.58% at 31327.04
• S&P index -28.75 points or -0.73% at 3926.24
• NASDAQ index -131.14 points or -1.11% at 11685.06
• Russell 2000-24.85 points or -1.35% at 1819.26

In the US debt market, yields are higher:

• 2 year 3.503%, up 1 basis point
• 5 year 3.375%, up 1.9 basis points
• 10 year 3.249%, up 5.3 basis points
• 30 year 3.361%, up 6.7 basis points

In other markets:

• Spot 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 trading down $16 and back below the $1700 level at $1694.65. The price is trading at the lowest level since July 21. The low for the year reached $1680.20
• Spot silver is down $0.26 at $17.71. Silver is trading at its lowest level since July 2020
• Crude oil is trading at $87.42. That's down around $2.10 on the day. The low for the month of August reached $85.72. That was the lowest level since January 26, 2022.
• Bitcoin is back below the $20,000 level at $19,958. The low price reached $19,810. The low for the week reached $19,526 which was the lowest level since July 14. The low for the year reached down to $17,592 on June 18