US stocks open lower with the NASDAQ index leading the way

<p>The major US stock indices are raising their gains from yesterday when the Dow rose 43.04 points, the S&amp;P rose 17.40 points and the NASDAQ and dextrose 59.51 points. </p><p>Today, the snapshot of the market 6 minutes into the open is showing:</p><ul><li>Dow Industrial Average down 154.62 points or -0.45% at 33852.27</li><li>S&amp;P index down -27.32 points or -0.63% at 4310.13</li><li>NASDAQ index down -93.08 points or -0.70% at 13178.24</li></ul><p>US yields today are lower but off their lowest levels:</p><ul><li>2-year yield 5.138%, +0.7 basis points</li><li>5-year yield 4.605% -1.3 basis points</li><li>10-year yield 4.5 to 3% -1.9 basis points</li><li>30-year yield 4.648% -1.1 basis points</li></ul><p>Concerns about the government shutdown and potential downgrading of US debt, slower growth, Fed being higher for longer, UAW's strike are weighing on equities. </p><p>In China concerns about Evergrande is back in the headlines.Shares of the company dropped for the second day in a row after its primary domestic unit, Hengda Real Estate Group, revealed it missed a bond payment. The company failed to pay both the principal and interest on a 4 billion yuan bond due by September 25, leading to an 8.14% decline in Evergrande's stock. This is another blow to Evergrande, a beleaguered property firm central to a broader real estate crisis in China. The company's stock had already plummeted over 20% the previous day due to its inability to issue new debt, stemming from an investigation into Hengda.</p>

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