A weak opening for the US stocks to start the holiday shortened week. | Forexlive

The major US stock indices are off to a weak start to begin the holiday shortened week. Yesterday the US markets were closed in observance of Presidents’ Day.

A snapshot of the market 10 minutes into the opening is showing:

• Dow Industrial Average -303.89 points or -0.90% at 33522.81
• S&P index -34.87 points or -0.85% at 4044.23
• NASDAQ index -118.61 points or -1.01% at 11668.66
• Russell 2000, -19.91 points or -1.02% at 1926.43

in the US debt market, yields are higher:

• two year yield 4.686% +6.3 basis points
• five year yield 4.118% +8.3 basis points
• 10 year yield 3.90% +7.0 basis points
• 30 year yield 3.936% +4.7 basis points

the S&P global flash estimates for February will be released in a few minutes:

• manufacturing PMI expected of 47.1 versus 46.9 last month
• service PMI expected a 47.2 versus 46.8 last month

At 10 AM the existing home sales are expected, and 4.10 million annualized pace.