As US stock trading gets underway, the major indices are trading in the red. At risk is the 4 day win streak for the broader indices.
A snapshot of the market 11 minutes into the open and showing:
Dow industrial average -45.28 points or -0.13% at 34945.49
S&P index -2.31 points or -0.05% at 4500.58
NASDAQ index -30.01 points or -0.21% at 14073.82
Walmart announced earnings this morning and the market is not liking it with a decline of $-11.65 or -6.84% at $158.17.
After the close yesterday at Cisco Systems and Palo Alto Networks reported their earnings and those stocks are also sharply lower:
Cisco is trading down $6 a -11.26% at $47.28
Palo Alto Networks is trading down $17.16 or -6.68% at $239
Looking at the US debt market, yields are lower after the weaker than expected data today:
2 year yield 4.837% -7.8 basis points
5 year yield 4.443% -8.3 basis points
10 year yield 4.466% -7.0 basis points
30 year yield 4.640% -5.2 basis points
Crude oil is getting hit on the lower than expected economic data with the price now down -$2.43 or -3.17% at $74.24. Chevron shares are down $-2.64 or -1.82% at $142.80. Exxon Mobil shares are down -$0.60 or -0.58% at $103.
Spot gold is rising on the lower rates with a gain of $20.20 or 1.02% at $1979.27.
Bitcoin is trading back below the $37,000 level at $36,738.