Nasdaq is taking it on the chin again
The US major stock indices are open and they are showing declines once again. The NASDAQ is leading the way- to the downside that is – and it is having the worst month since January 2016.
A snapshot of the indices now shows:
- S&P index -15 points or -0.53% at 2865.22
- Nasdaq -67 points or -0.87% at 7671
- Dow -101 points or -0.40% at 26317
US yields are higher with the 10 year and 30 year up 2.1 bps. The US treasury will auction off both 3 and 10 year notes today (at 11:30 AM ET and 1:00 PM ET respectively). That is a lot of supply to absorb.