US stocks open lower on the day. Dow Industrial Average the weakest.

<p>US stocks are opening the day to lower with the Dow Industrial Average leading the way. Chairs McDonald's are down -2.83% after earnings. Shares of Boeing are down -2.81% after were problems with quality control. </p><p>A snapshot of the market is showing:</p><ul><li>Dow Industrial Average -152.98 points or -0.40% at 38501.45</li><li>S&amp;P index -11.47 points or -0.23% at 4947.15</li><li>NASDAQ index -14.68 points or -0.09% at 15614.28</li></ul><p>the small-cap Russell 2000 is training down -23.70 points or -1.21% at 1938.99.</p><p>US yields are higher which are putting pressure on the small-cap stocks. A snapshot of the US debt yield curve shows:</p><ul><li>2-year yield 4.434%, +6.5 basis points</li><li>5-year yield 4.076%, +8.4 basis points</li><li>10 year yield 4.123%, +9.2 basis points</li><li>30-year yield 4.313%, +8.6 basis points</li></ul><p>The price of crude oil is a trading unchanged near $72.30. </p><p>Spot gold is down $21.16 or -1.04% at $2018.37 as it reacts to the higher yield and higher US dollar.</p><p>Bitcoin is trading fairly steady at $43,355.</p><p>At 9:45 AM, the S&amp;P global PMI final for January will be released. The preliminary report came in at 52.3. The services preliminary came in at 52.9.</p><p>The more widely followed ISM nonmanufacturing Index will be released at 10 AM with expectations of 52.0 versus 50.5 last month.</p>

This article was written by Greg Michalowski at www.forexlive.com.