US major indices open lower. NASDAQ index down around 0.4% leading the way down.

<p>The US stock indices are opening lower, with the NASDAQ index leading the way. Yesterday to start the trading week major indices were marginally higher (less than 0.1% for each of the 3 major indices). The FOMC will announce a rate decision tomorrow with expectations of no change but concerns about what the Fed may say about inflation going forward.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow industrial average -40 points or -0.12% at 34587</li><li>S&amp;P index -11 points or -0.25% at 4442.64</li><li>NASDAQ index -55 points or -0.41% at 13657</li></ul><p>US yields have moved to the upside in early US trading:</p><ul><li>2 year yield 5.088%, +2.4 basis points</li><li>5 year yield 4.495% +3.4 basis points</li><li>10 year yield 4.348% +3.0 basis points</li><li>30 year yield 4.222% +2.6 basis points</li></ul><p>The price of crude oil is higher with the November contract now trading at $92.05 up $1.47.</p>

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