US stocks open higher

The economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term in the US was weaker across the board with retail sales, PPI, and industrial production/capacity utilization all coming in weaker than expected in December. That has yields moving sharply to the downside with the two-year down -10.5 basis points and the 10 year yield down -14 basis points. European yields are also moving to the downside.

The US stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term is taking the weaker data as a sign of a softer fed than what they portray. The NASDAQ is leading the way and is looking to extend its seven-day when streak. The Dow is lagging.

A snapshot of the market at the open is showing:

• Dow Industrial Average up 65 points or 0.19% at 33976.37
• S&P index of 14.41 points or 0.36% of 4005.39
• NASDAQ index up 81.26 points or 0.73% 11176.37
• Russell 2000 up 8.73 points or 0.46% at 1893.02

For the S&P index, it remains above its 200 day moving average (green line in the chart below) for what would be the third day in a row. At 200 day moving average comes in at 3975.53. Stay above is more bullish.

For the NASDAQ index, it is above its 100 day moving average at 11032.28. The 30.2% retracement of the move down from the August high is the next key target at 11270.07. The 200 day moving average is still a ways away at 11602.03 (around 3.7%).