Major US indices open with mixed results. NASDAQ trades above and below unchanged. | Forexlive
The major US stock indices are trading mixed at the open. The Dow Industrial Average is leading the way to the downside with a decline of -0.60%. The NASDAQ index is trading above and below unchanged.
A snapshot of the market three minutes into the open and showing:
- Dow Industrial Average is trading down -197.51 point or -0.61% at 32049.05
- S&P index is down -10.74 points or -0.27% at 3949.55
- NASDAQ index is down -8.82 points or -0.08% at 11708.46
- Russell 2000 is down -17.09 points or -0.97% at 1754.14
Shares of First Republic are trading down $-7.11 or -20.75% at $27.16. The low price yesterday reached $19.80. The high was at $40.
The KRE regional bank index is trading down $1.70 or -3.68% at $44.50
In the US at that market, yields are sharply lower after sharp gains yesterday. Concerned about banking has a traders looking toward the safety of US debt:
- two year 4.04% -8.6 basis points
- five year 3.580% -15.6 basis points
- 10 year 3.462% -11.7 basis points
- 30 year 3.626% -8.7 basis points
In other markets
- Crude oil is trading down $0.37 at $67.96.
- Gold is trading up $27.92 at $1949.31. The high price for the year was up at $1959.74. The high price today has so far reached $1951.45. Just last week the price was testing its rising 100 day moving average (blue line in the chart currently at $1823.43. Support buyers came in ahead of that level and have been rewarded thanks to a banking crisis. That is traders luck.
The JPY is the strongest while the USD is the weakest.