US stocks open lower as the post FOMC rally fizzles

The major US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are moving back to the downside after the one-day relief rally after the FOMC decision yesterday. The NASDAQ is leading the way to the downside.

A snapshot of the market currently shows:

• Dow industrial average -310.82 points or -0.91% at 31750.25
• S&P index -52.43 points or -1.22% at 4247.73
• 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 -228.78 points or -1.76% 12736.07
• Russell 2000-25.01 points or -1.28% at 1924.90

Yesterday both the S&P index and NASDAQ index closed just above their falling 100 hour moving averages. The NASDAQ 100 hour moving average is at 12936.86. The price closed at 12964.87. The S&P index 100 hour moving average is at 4294.22. The price closed at 4281.55.

Today the gap opening to the downside has taken the price well below those moving average levels and buyers are exiting quickly.

The hangover after the FOMC relief rally yesterday is becoming more more painful.