After tumbling 5% yesterday, the NASDAQ index 9 minutes into the opening is trading down in additional 2% today. The S&P and Dow are also down with declines over 1% and those major indices. A snapshot of the market 10 minutes into the opening is showing:Dow industrial average -358.81 points or -1.09% at 32639.17S&P index -52.93 points or -1.28% at 4093.93. The low price from May 2 reached 4062.51. The low was the lowest level since May 2021. The low price at the time reached 4056.88.NASDAQ index -236.24 points or -1.92% at 12081.45. The price traded to the lowest level since November 30, 2020.Russell 2000-25.96 points or -1.39% at 1845.18Focus now turns to Fed speak 2 days after the FOMC decision where they raised rates by 50 basis points, with the Fed chair saying the Fed is not looking to raise rates by 75 basis points. The market disagrees as they price a 83% chance of a 75 basis point hike at the June meeting. Below is the schedule of Fed speakers today:Here’s the agenda:9:15 am ET Williams opening remarks at an event11 am ET Kashkari in a fireside chat3:20 pm ET Bostic in a commencement address7:15 pm ET Waller and Bullard on a panel8 pm ET Daly commencement address In other markets as US stock trading gets underway shows:spot gold up $0.77 or 0.04% at $1877.40spot silver $-0.17 -0.77% at $22.31WTI crude oil is in negative territory now down $0.67 at $108.90bitcoin is trading down the thousand dollars at $35,505In the US debt market, yields are off there high levels and mixed with the shorter end lower2 year 2.700%, -2.4 basis points5 year 3.034%, +0.9 basis points10 year 3.092%, +2.5 basis points30 year 3.182%, +2.2 basis points
And the bearish beat goes on in the US major indices
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