The major US stock indices are opening lower and adding to the woes from yesterday when the NASDAQ index fell -3.4% led by Nvidia which fell over 9.4% yesterday.
A snapshot of the market currently shows:
- Dow industrial average is near unchanged at 40,940
- S&P index down -15 points or -0.28% at 5513.85
- NASDAQ index down -100 points or -0.57% or 17038
The small-cap Russell 2000 is trading down by -9.10 points or -0.42% at 2138
Shares of Nvidia are lower by another 2.2% in early trading.
- Meta is down -0.63%
- Apple is down -1.03%
- Amazon is down -1.57%
- Alphabet is up 0.69%
- Microsoft is down -1.03%
Bank of Canada rate decision is ahead at 9:45 AM ET. The expectations are for a 25 basis point cut to 4.25%. There is a possibility for a 50 basis point cut.
Factory orders and revisions to durable goods will be released at 10 AM ET. The JOLTs job openings will be released at 10 AM ET.