US stocks moving back toward unchanged levels after higher opening fizzles
The pattern this week has been to sell the opening
The major US stock indices are open and trading negative/near unchanged levels. The indices did open higher, but as has been the pattern this week, sellers have entered and pushed lower. Monday and Tuesday had volatile up and down trading. The Dow and S&P both rose on Monday, but yesterday the declined. The NASDAQ index meanwhile has been down for five consecutive trading days. The NASDAQ index is currently trading marginally lower.
a snapshot of the market six minutes into the opening is showing:
