December 6, 2022

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US major indices open lower led by declines in the NASDAQ index

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Amazon shares are sharply lower after revenue warning 

the major indices are opening a lower with the NASDAQ index taking the brunt of the declines after Amazon warned about future revenues. Today’s the last the day of the month and the Dow, S&P and NASDAQ are all holding onto July gains. A snapshot of the market currently shows:

  • Dow, unchanged at 35082
  • S&P index -18.7 points or -0.42% of 4400.62
  • NASDAQ index -123 points or -0.84% 14653

Amazon shares are trading down around 7.67% or $-276 at $3322.54.

Looking at the forex market, the CAD as taken over as the strongest of the majors with the USD behind it and moving higher in early New York trading. The AUD and JPY remain the weakest of the majors.  

The US stocks opened lower and the dollar move higher
In the US debt market, yields are lower but off their lowest levels. The 10 year yield is at 1.244%. That is above the low at 1.234% and below the high at 1.264%. The yield curve has narrowed a bit. The two – 10 year spread has narrowed a bit to  105.0 basis points versuse 106.8 at the close yesterday.
The US yields are down with the yield curve flat or

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