S&P dips below 100 day MA at 2904.83. Nasdaq also back below 100 day MA at 7938.88
The major indice are open and they are in the red. The snapshot a few minutes after the bell are showing:
- The S&P index -18.27 points or -0.63% at 2900.38. That takes the price below its 100 day moving average at 2904.83
- The NASDAQ index is trading down -49.5 points or -0.62% at 7909.633. It's 100 day moving average is currently at 7938.88
- The Dow industrial average is trading down -200 points or -0.76% at 26073.44
US yields are trading sharply lower on flight into safety flows:
- two year 1.595%, -5.1 basis points
- five-year 1.518%, -6.0 basis points
- 10 year 1.681%, -6.3 basis points
- 30 year 2.188%, -7.0 basis points
Gold is trading higher by $11.12 or 0.75% at $1503.42.
WTI crude oil futures are trading up $0.33 at $54.83 or 0.61% after being lower earlier in the session (low reached $53.54. High reached $54.93 so far)
