US indices open lower. NASDAQ leads way to the downside.
<p>Major indices stopped declines yesterday with solid gains led by the Nasdaq index. </p><p>The Dow industrial average snapped a six-day losing streak while the NASDAQ and S&P snapped to day declines. Today, shares are lower in early trading. The NASDAQ is leading the way lower after a report in the Wall Street Journal suggesting that the Biden administration was to put constraints on AI chip sales to China. Nvidia shares are trading down -2.54% in early trading.</p><p>A snapshot of the major indices shows:</p><ul><li>Dow industrial average down -120 points or -0.35% at 33806.32</li><li>S&P index -15.76 points or -0.36% at 4362.64</li><li>NASDAQ index down 43 points are -0.32% at 13512</li></ul><p>Looking at the US yields, they are lowering across the curve:</p><ul><li>2-year yield 4.741% -2.3 basis points</li><li>5-year yield 4.006% -2.8 basis points</li><li>10-year yield 3.740% -2.7 basis points</li><li>30 year yield 3.817% -2.2 basis points</li></ul><p>In other markets:</p><ul><li>Crude oil is trading down $0.14 at $67.56</li><li>Spot gold is down $3.50 or -0.18% at 1910.30</li><li>Silver is down $0.06 or -0.27% at $22.76</li></ul>
This article was written by Greg Michalowski at www.forexlive.com.
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