Higher open expected in the US stock market today

After declining modestly yesterday, the major US indices are looking to open higher. The premarket futures are higher on the day. The futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term are currently implying:

• Dow Industrial Average up 73 points after yesterday's 10.88 point rise
• S&P index is expected to open up 15.75 points after yesterday's -15.36 point decline
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index up 70 points after yesterday's -79.5 point decline

Apple shares which started the year with a sharp fall yesterday that took the capitalization just below 2 trillion (it reached a 3 trillion intraday level in early 2022 before backing off) is trading higher by about $1.25 at $126.30 in premarket trading.

Tesla shares which also fell sharply yesterday, or higher in premarket training today. They closed yesterday at $108.10 and our training at $109.10 in premarket trading.

US yields are lower with the 10 year now down 12 basis points. That is helping the "risk on" bias a bit.

Looking at the four hour chart of the 10 year yield, the yield has moved down to test the 100 and 200 hour moving averages which are around 3.66%. The low yield today has reached 3.666%. Moving below that level would tilt the bus more to the downside.

At 10 AM, the ISM manufacturing PMI will be release with expectations at 48.5 versus 49.0 last month. Prices paid is expected at 42.6 versus 43.0 last month. Employment is expected at 48.3 versus 48.4 last month. New orders came in at 47.2 last month.

Also at 10 AM the JOLTS job openings are expected at 10.00M vs 10.334M last month. Lower job openings are a reflection of weakening job market but the number still remains near high levels.