US stocks open higher reversing premarket losses held by better US employment cost data.

The better US employment cost data gave lower inflation hope to buyers of US stocks, and that led to a reversal of the premarket declines in 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. The major indices are modestly higher in early trading with the 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 up 0.4% leading the way. A snapshot of the market currently shows:

• Dow Industrial Average of 27.99 points or 0.08% at 33745.09
• S&P index up 10.05 points or 0.25% at 4027.81
• NASDAQ index up 44.56 points or 0.39% at 11438.38
• Russell 2000 up 8.63 points or 0.46% at 1894.35

For the NASDAQ index, it's 200 day moving average comes in at 11486.17. On Friday, the price moved above and closed above that level for the first time since January 13, 2022. However, the move back below the level (and close below the level) disappointed the buyers and tilted the technical bias back to the downside on the failed break.

It would take move back above that 200 day moving average level to erase the negative/bearish bias going forward. Be aware.