US stocks open with modest declines.

Technical Analysis

Author: Greg Michalowski | sp

S&P and Nasdaq closed at records yesterday. Dow lagged

A day after the S&P and Nasdaq closed at record highs (the Dow lagged), the major indices are opening with modest declines.  

A snapshot of the major indices is showing:
  • S&P, -4.33 points ro -0.13% at 3283.80
  • Nasdaq -10.3 points or -0.11% at 9263.63
  • Dow is trading unchanged at 28907.25
In other markets:
  • Spot gold is trading down $-2.50 or -0.16% at $1545.40
  • WTI crude oil futures are trading up $0.36 or 0.62% at $58.44
In the US debt market yields are trading mostly lower:
  • 2 year 1.576%, -0.8 basis points
  • 5 year 1.629%, -1.9 basis points
  • 10 year 1.826%, -1.9 basis points
  • 30 year 2.285%, -1.6 basis points
In the forex, the CHF is the strongest after the US added Switzerland to its currency manipulator watchlist (which they deny).  The NZD is the weakest.

The strongest and weakest of the major currencies

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