Major US indices open lower. Indices on tap for lower week.

<p>Major US indices are opening lower as concerned about the central-bank hawkish policy and slower growth weigh on equity prices. The declines are led by the NASDAQ index which is on pace to snap its 8-week streak of higher closes. The S&amp;P streak of 5 weeks higher is also likely over, as is the Dow's 3-week run.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average is trading down -260 points or -0.78% at 33687.80</li><li>S&amp;P index is trading down -34.13 points or -0.78% at 4348.10</li><li>NASDAQ index down -120 points or -0.88% at 13509</li></ul><p>The small-cap Russell 2000 is also sharply lower. It is currently down -22.75 points or -1.24% at 1825.27</p><p>In the US debt market, yields are sharply lower, but not helping the overall tone in the equity markets:</p><ul><li>2-year yield 4.704% -9.5 basis points</li><li>5-year yield 3.935% -10.8 basis points</li><li>10-year yield 3.696% -10.3 basis points</li><li>30-year yield 3.788% -8.5 basis points</li></ul><p>A look around other markets shows:</p><ul><li>Crude oil is sharply lower. Trades down $2.05 or -2.96% at $67.48</li><li>Gold is sharply higher up $22 or 1.14% at $1935.19 as it reacts to lower yields</li><li>Silver is up $0.28 or 1.25% at $22.50</li><li>Bitcoin is trading at $30,125</li></ul><p>The NASDAQ index is moving back toward its rising 100 hour moving average at 13440.19. A move below that moving average would be the first since May 4.</p><p>For the trading week, each of the major indices are on track for their worst week since March 6:</p><ul><li>Dow Industrial Average is down -1.78%</li><li>S&amp;P index is down -1.40%</li><li>NASDAQ index is also down -1.40%. </li></ul>

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