Major indices trading higher in early US trading. NASDAQ index leads the way

The major stock indices are higher in early US trading. The gains are led by the NASDAQ index. That index is currently trading higher for the week by 0.66%. A close in the positive territory would be the 7th consecutive weekly gain. That has not been done since November 2019.

A snapshot of the markets currently shows:

• Dow industrial average up 40.98 points or 0.12% at 33874.60
• S&P index up 16.67 points or 0.39% and trades back above the 4300 level at 4310.59
• 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 97.89 points or 0.74% at 13336.42.

The small-cap Russell 2000 is down -1.59 points or -0.08% at 1879.19.

Tesla shares are up for the 11th consecutive day after announcing a partnership with GM on their charging stations. The stock is currently up $13 or 5.56% at $247.92.

• Microsoft is trading up 0.69%
• Nvidia is up 1.85%
• Adobe is trading to the highest level since April 2022. It is shares are up 5.5%. The shares were upgraded in premarket. Adobe will announce her earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term next week (April 15)

Looking at US yields, they continue to move to the upside and position for the CPI data on Tuesday (expectations 0.2%), and the Fed decision on Wednesday. The year-on-year CPI is expected to fall to 4.2% from 4.9%.

• 2-year yield 4.593% +7.7 basis points
• 5-year yield 3.928% +7.3%
• 10-year yield 3.770% +5.6 basis points
• 30-year yield 3.916% +3.3 basis points

The treasury will need to auction off a ton of debt to make up for the shortfall as the debt ceiling details were ironed out. Backing up yields is one way of attracting demand. The 2-year yield is up from 4.505% at the close on Friday last week. The 10-year yield is up from 3.696% last Friday.