Major indices open lower to start the trading week

Technical Analysis

S&P and Dow industrial average closed at record on Friday

The major indices are opening with modest declines across the board after the gains on Friday. Both the S&P and Dow industrial average closed at record levels to end the trading week.

A snapshot of the markets currently shows:

  • S&P index -1.62 points or -0.04% at 4127.18
  • NASDAQ index -30.299 points or -0.22% at 13869.88
  • Dow industrial average -29.71 points or -0.09% at 33770.89

In other markets as US stock trading gets underway:

  • Spot gold is trading down $6.41 or -0.37% at 1737.37.
  • Spot silver is down $0.16 or -0.65% at $25.10
  • WTI crude oil futures are up $1.07 or 1.77% at $60.37
  • Bitcoin is trading up $750 or 1.25% at $60,413

in the US debt market, yields are higher ahead of the three and 10 year note auction’s later today:

  • two year 0.162%, +0.8 basis points
  • five year 0.888%, +2.5 basis points
  • 10 year 1.676%, +1.8 basis points
  • 30 year 2.347%, +1.8 basis points

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