US stocks open lower but declines were worse in premarket trading

The major US indices are opening lower, but off their premarket levels implied by the futures. A snapshot of the market three minutes into the opening is showing:

• Dow industrial average -244.64 points or -0.71% at 34150.38
• S&P index -36.88 points or -0.90% at 4039.70
• 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 -136.69 points or -1.19% at 11345.75
• Russell 2000-23.72 points or -1.26% at 1857.94

In the US at that market,

• two year yield 4.357% +12.5 basis points
• 10 year yield 3.588% +7.8 basis points
• 30 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 3.637% +3.6 basis points

Although the declines are less than premarket trading, the technicals are shifted more to the downside on the daily charts.

Looking at the daily chart of the S&P index, the price is back below its 200 day moving average at 4046.14. That level will be a key barometer for traders going forward:

For the NASDAQ index, it traded above its 100 day moving average yesterday for the first time since September 12, but is back below that level. The moving average currently comes in at 11501.83. Stay below is more bearish.