Dow Jones Industrials Index trades 0.3% down, while the S&P Index drops 0.4% and the Nasdaq index declines 0.6% in the firs 30 minutes of trading.
General Electrics has climbed 3.7% after showing a 19% drop in quarterly earnings and a revenue of $41.4 billion plus upbeat outlook for 2011. On the negative side, Google has dropped 2.9% after disappointing quarterly earnings.
Risk aversion has also affected commodities, with oil prices dropping below $76 and Gold prices dropping to one-month lows.
Dollar, weak against Yen, strong against Pound
USD/JPY recovery from Yesterday's low at has failed to break above resistance area at 90.50, and the pair remains strongly bearish trading at levels right above 90.00.
GBP/USD recovery from Yesterday's low has been rejected at 1.6285 and the Pound has dropped aggressively giving away about 200 pips and reaching a fresh session low at 1.6085 at Wall Street opening times.
EUR/USD rebound from Yesterday's low at 1.4025 has been halted at 1.4165 resistance area, and ther pair has pulled back to 1.4100/19 resistance area, which is being tested at the moment.