Major indices open higher but dips as markets digest CPI data

The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are opening higher, but early trading has seen the indices dip back into negative territory as the market digests the CPI data. Headline CPI fell by -0.1%. The core ex food and energy rose by 0.3%.

A snapshot of the market three minutes into the opening is showing:

• Dow Industrial Average -9.11 points or -0.03% at 33963.91
• S&P index -1.58 points or -0.04% at 3968.02
• 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 -8.19 points or -0.07% at 10923.48
• Russell 2000+5.346 points or +0.29% at 1849.39

US yields are lower in anticipation of a 25 basis point hike at the next Fed meeting:

• two year yield 4.147% -7.3 basis points
• five year yield 3.577% -8.3 basis points
• 10 year yield 3.497% -4.8 basis points
• 30 year yield 3.647% -2.8 basis points

The US treasury auction or 30 year bonds at 1 PM ET. The three and 10 year note auctions on Tuesday and Wednesday were well received especially from foreign investors.

In other markets:

• spot gold is trading up $15.69 or 0.83% at $1890.55
• spot silver is trading up $0.44 or 1.86% at $23.87
• WTI crude oil is trading up $1.25 at $78.90
• bitcoin is above 18,000 at $18,072. The high price reached $18,370. The low price was at $17,911

In the Forex market, the dollar index (DXY) is down -0.52%. It is trading at the lowest level going back to June 9, 2022. Looking at the daily chart, the price low approach the 50% midpoint 102.17. The low price reached 102.32. The current prices at 102.69.