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US stocks open a lower as flight to safety concerns weigh on equities

US stocks open a lower as flight to safety concerns weigh on equities

The major US indices are opening lower with each of the major three indices are down about -0.35% to -0.7% nine minutes into the US open.

The declines are led by the NASDAQ index.

Flight to safety flows on the back of the Silicon Valley Bank issues are leading to the declines. The good news is the Fed may keep their tightening to a minimum, as the calculus changes given financial institution concerns (despite the strong jobs report).

Time will tell.

Looking at th... Read More

Posted: Mar 10 2023, 14:42
Author Name: forexlive
Views: 110917

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