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The major US stock indices are sliding at the open. The S&P and NASDAQ are in negative territory for the week. The Dow industrial average is clinging to a small gain.
A snapshot of the market currently shows:
- Dow industrial average down -209.64 points or -0.62% at 33789.41
- S&P index -28.83 points or -0.67% at 4254.90
- NASDAQ index -121 points or -0.93% at 12844.28
- Russell 2000-21.07 points or -1.05% at 1979.65
In the US debt market, yields are higher:
- 2 year 3.28%, +7.4 basis points
- 5 year 3.104%, +7.2 basis points
- 10 year 2.972%, +8.6 basis points
- 30 year 3.217%, +7 point basis points
The price of crude oil is spiking to the upside over the last 2 hours, and has moved to a new session high at $90.84. The price move back above the $90 level and also above its 200 hour moving average at $90.11. The low price reached $80.37. That took the price briefly below its 100 hour moving average, but buyers quickly returned and push the price higher.
Crude oil raises higher
This article was originally published by Forexlive.com. Read the original article here.