Major indices move lower rates move higher and FOMC minutes are awaited

The major US 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 lower to start the US trading day.

The S&P index is lower for the 1st time in 4 days. Yesterday, the index tested its 200 day moving average currently at 4324.51. Sellers leaned against the level and closed below the key level. The move lower today away from that moving average, may give sellers a reason to further correct the index from a technical perspective

The Dow industrial average is back down retesting its 200 day moving average at 33879.91. In early trading, the moving average was tested and so far held support. A move below today would tilt the bias back to the downside at least in short-term for the Dow 30.

A snapshot of the major indices 8 minutes into the opening is showing:

• Dow industrial average -201 points or -0.59% at 33952.
• S&P index -30.11 points or -0.70% at 4274.78
• 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 -123 points or -0.94% at 12978.65
• Russell 2000-25.08 points or -1.24% at 1995.45

In the US debt market, yields are higher after the mixed but mostly better retail sales report:

• 2 year yield 3.354%, +8.6 basis points
• 5 year 3.046% +9.0 basis points
• 10 year 2.886%, +8.0 basis points
• 30 year 3.143%, +5.1 basis point

In other markets,

• Crude oil is trading at $86.47 that is near unchanged levels on the day. The low price reached $85.90. Yesterday the low price traded to the lowest level since January 26. The low price reached $85.74, just below the low price for today at $85.90
• spot gold is trading down $-8.05 at $1768.05

A snapshot of the forex market is showing the USD remains the strongest of the majors. THe AUD remains the weakest.

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