Thu. May 13th, 2021

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Major indices open lower with the NASDAQ down -1% in early trading

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S&P down for the fourth time in six days. Nasdaq on a 4 day losing streak

The major US indices are opening and trading lower on the day with the NASDAQ index now down over 1% as investors rotation out of big cap tech.  

The snapshot of the market currently shows:

  • S&P index -22.67 points or -0.53% at 4170.11
  • NASDAQ index -153 points or -1.11% at 13740
  • Dow -63 points or -0.19% at 34052

In other markets, as the US stock trading gets underway:

  • Spot gold is trading down -2 dollars -0.12% at $1790.70. 
  • Spot silver is up 6.7 cents or 0.25% $26.97
  • WTI crude oil futures are up $1.10 or 1.72% at $65.61
  • Bitcoin is trading down -$950 or -1.64% at $55880

In the US that market, yields are reacting to the lower stock prices and moving to the downside. The 10 year is now down -1.17 basis points. The 30 year is down -2.4 basis points.

US yields are lowerIn the forex, the USD is the strongest and the NZD is the weakest. 
US dollar remains the strongest

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