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US stocks open lower but off pre-market lows

Major US indices open lower, but beyond pre-market lows, with US yields falling after hitting 3.829% 10yr (now at 3.703%) and 4.268% 2yr (now at 3.703%) 4.137%) . The Fed is targeting 4.4% for the year-end level.

Stocks have seen some rebound as a result, but are still lower at the opening bell.

The NASDAQ is looking to close below its 200-week moving average

The Dow Industrial Average is looking to break its 200 week moving average at 29752.87. The current level is at 29739. The index is also testing its June lows at 29653.29.

Dow tests its 200-week moving average / its June low


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