The major stock indices are trading mixed in early US trading

The barbell of the major stock indices is back in play today with the Dow Industrial Average lower. The S&P near unchanged, and the NASDAQ index is marginally higher.

A snapshot of the market 8 minutes into the open and showing:

• Dow Industrial Average -88.30 points or -0.26% at 33332.48
• S&P index -2.78 points or -0.07% at 4156.00
• 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 +30.17 points or +0.24% at 12530.74
• the Russell 2000 of small-cap stocks which was the biggest gainer yesterday at 2.2% is trading down -5.888 points or -0.33% at 1768.61.

In the US at that market yields are higher after Feds Logan commented that data does not support not raising rates at the June meeting. Feds Jefferson was a bit more conciliatory saying that the impact from the hikes has still not been fully felt. Nevertheless, yields are higher:

• 2-year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 4.228% +7.5 basis points
• 5-year yield 3.656% +6.4 basis points
• 10-year yield 3.624% +4.4 basis points
• 30-year yield 3.897% +2.0 basis points

A look around other markets shows:

• crude oil is back lower after a sharp rise yesterday despite the build of 5 million barrels in the weekly inventory report. Crude oil is down -$0.56 or -0.77% at $72.29
• Gold is trading down $22.77 or -1.13% at $1959.19. Higher yields and higher dollar are helping its decline
• Silver is down $0.28 or -1.19% at $23.46
• bitcoin is trading at $27,270. That's fairly steady from earlier levels

The USD is higher. The flow of funds is out of the AUD.

• The EURUSD crack below its 100 day moving average and 50% retracement of the move up from the recent March low at 1.0805. Staying below that level keeps the sellers and control. The current price is trading at 1.0783.
• The USDJPY is also breaking to the upside extending above a swing area between 137.499 and 138.139. The price also moved above the 2023 high prices between 137.91 and 137.76. Stay above those levels keeps the buyers more in control.