US stocks open higher. Gains day erase some of the declines from yesterday

The major US indices are opening higher after sharp declines yesterday. Yesterday saw:

• Dow fall -413.04 points
• S&P fall -75.73 points
• Nasdaq fall -299.04 points

Today the snapshot 10 minutes after the opening is showing:

• Dow industrial average is trading up 250 points or 0.73% at 34559
• S&P index up 40 points or 0.91% at 4452.55
• NASDAQ index up 168 points or 1.25% 13576

The Russell 2000 is trading higher by 30.58 points or 1.54% at 2010.95.

The S&P index closed below its 200 hour moving average currently at 4420.86 yesterday, but gapped above the level in early trading today. The 200 hour moving average will continue to be a barometer for buyers and sellers going forward. For now the market dodged a bullet helped by the CPI data earlier today.

In other markets:

• Spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is trading up $13.30 or 0.68% at 1966.90 as yields fall and the dollar also moves lower
• Spot silver is up $0.20 or 0.82% $25.26
• WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term futures are trading up at $99.44. That's up $5.30
• Bitcoin is remaining steady just above the $40,000 level at $40,350

In the US debt market, yields have moved lower after the relief from the CPI data. The US treasury will auction off 10 year notes at 1 PM ET.

In the forex market, the AUD is the strongest while the EUR is the weakest. The USD has moved lower since the start of the North American session and after the relief from the CPI data: