The US stocks open with sharp declines

Technical Analysis

Author: Greg Michalowski | sp

Dow leads the tumble

The US stocks are opening with sharp declines with the Dow leading the way to the downside with a and opening decline of over 3.1% (it is currently rebounding a bit). The S&P and NASDAQ are still sharply lower.  Recall the NASDAQ index close at a record levels yesterday and above the 10,000 level for the 1st time. It is currently trading down over 200 points.

The snapshot of the current market is showing:
  • S&P index - -80 points or -2.53% at 3109.64
  • NASDAQ index -205 points or -2.04% at 9817.6
  • Dow industrial average -753 points or -2.79% at 26233

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