The major US stock indices are opening a lower in the shortened trading week. The markets were closed yesterday in observance of the Martin Luther King day holiday. Last week the major indices moved higher led by the NASDAQ index which gained 3.09%. The S&P index gained 1.84%. Of note technically is that the S&P traded above its high closing level on two successive days (Thursday and Friday) at 4796.57, but could not sustain momentum and closed lower on each of those days. There is some apprehension about moving above that high closing level.In trading today, the snapshot of the market seven minutes into the open is showing:Dow Industrial Average -150 points or -0.40% at 37447S&P index -17.
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