US traders come back from July 4 and push stocks lower

<p>US traders returning from 4 July holiday on Tuesday and pushing stock prices to the downside after modest gains on Monday to start the trading month. </p><p>Concerns about global growth are weighing on the indices. European and China services PMI were weaker than expected.</p><p> A snapshot of the markets shows:</p><ul><li>Dow industrial average is down 134 points are -0.3% 34285</li><li>S&amp;P index down -15.5 points or -0.35% at 4440.10</li><li>NASDAQ index down -41 points or -0.30% at 13775.59</li></ul><p>In other markets,</p><ul><li>Crude oil is higher despite global growth concerns. Saudi Arabia pledging to support the price has helped to push the price higher. Crude oil is trading up $2.14 or 3.05% at $71.93.</li><li>Spot gold is up $4.12 or 0.20% at $1929.30</li><li>Silver is up $0.23 or 1.03% at $23.16</li><li>Bitcoin is trading steady at $30,277</li></ul><p>In the US debt market, yields are mixed:</p><ul><li>2 year yield 4.902% -3.7 basis points</li><li>5 year yield 4.173% -1.4 basis points</li><li>10 year yield 3.868% +1.0 basis points</li><li>30 year yield 3.888% +1.1 basis points</li></ul>

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