US stocks open lower in reversal of the gains from yesterday

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 opening lower with the S&P index trading down around 1% on the day. The gains from yesterday are being reversed. A snapshot of the market 8 minutes into the opening is showing:

• Dow industrial average -310.14 points or -1.0% at 30709.55. Yesterday the Dow rose 197.26 points
• S&P index -106.58 points or -0.92% 11428.44. Yesterday the S&P rose 26.56 points
• 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 -106.58 points or -0.92% 11428.44. Yesterday the index rose 86.62 points
• Russell 2000 is down -20.03 points or -1.11% or 1792.81.

Looking at the US rates, yields are higher with the 10 year breaking above 3.5%, and the 2 year yield testing the 4.0% once again

• 2 year yield 3.979%, up 3.9 basis points
• 5 year yield 3.755%, +6.7 basis points
• 10 year yield 3.587%, +9.5 basis points
• 30 year yield 3.596%, +7.8 basis points

In other markets:

• spot gold is trading down $13.09 or -0.77% at $1662.55
• spot silver is trading down $0.46 or -2.39% at $19.08
• WTI crude oil is trading at $84.36 that's down -1.6%
• the price of bitcoin is trading at $18,800. That is down from the early New York level at $19,230

Looking around the forex market (see the morning video for key levels in play and why):

• EURUSD trade back down toward the 0.99515 support level
• GBPUSD fell below the 1.1404 low from earlier in September and also the 1.1408 level which was the 2020 swing low. The current price trades at 1.1394
• USDJPY trade back above the 143.805 level which was the high price from last Thursday's trade. The pair is moving away from its 100 and 200 hour moving averages near 143.27
• USDCHF moves closer to its 100 day moving average at 0.9686. The high price today reached 0.96818. The current price trades at 0.9671
• USDCAD tests its 50% retracement of the move down from the pandemic 2020 high at 1.33364. The high price just reached 1.3339, but backed off and currently trades at 1.3328. Key resistance above.
• NZDUSD breaks below its support swing area between 0.5909 and 0.5921, and also below a downward sloping trendline near the same 0.5909 level. The current price trades at 0.5894. Risk for sellers is now a break back above 0.5921.