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

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&P streak of 5 weeks higher is also likely over, as is the Dow’s 3-week run.

A snapshot of the market currently shows:

• Dow Industrial Average is trading down -260 points or -0.78% at 33687.80
• S&P index is trading down -34.13 points or -0.78% at 4348.10
• NASDAQ index down -120 points or -0.88% at 13509

The small-cap Russell 2000 is also sharply lower. It is currently down -22.75 points or -1.24% at 1825.27

In the US debt market, yields are sharply lower, but not helping the overall tone in the equity markets:

• 2-year yield 4.704% -9.5 basis points
• 5-year yield 3.935% -10.8 basis points
• 10-year yield 3.696% -10.3 basis points
• 30-year yield 3.788% -8.5 basis points

A look around other markets shows:

• Crude oil is sharply lower. Trades down $2.05 or -2.96% at $67.48
• Gold is sharply higher up $22 or 1.14% at $1935.19 as it reacts to lower yields
• Silver is up $0.28 or 1.25% at $22.50
• Bitcoin is trading at $30,125

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.