NASDAQ down about -1.8%. Dow down about -1.25%

The major US stock indices are opening lower with the NASDAQ leading the way.

The current snapshot is showing:

  • S&P index -47 points or -1.4% 3333.79
  • NASDAQ index -197 points or -1.73% at 11130
  • Dow -321 points or -1.16% at 27 500

The levels are off the premarket implied levels from the futures. That's the good news.

In other markets:

  • Spot gold is trading down -2 out dollars and $0.50 or -0.13% $1903.80
  • spot gold is trading up $0.13 or 0.57% $23.91
  • WTI crude oil futures are trading down $-2.04 or -5.24% at $36.70. That is just off the lows of $36.63

In the US debt market, yields are near unchanged and off the lowest levels:

  • 2 year 0.127%, unchanged. Low yield 0.117%
  • 5 year 0.268%, -0.3 basis points. Low yield 0.253%
  • 10 year 0.674%, -0.3 basis points. Low yield 0.651%
  • 30 year 1.457%, +0.2 basis points. Low yield 1.4226%