US stocks opening higher but off the premarket target levels

The major indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are opening higher but off their premarket futures implied levels:

• Dow Industrial Average is up 61 points or 0.19% at 33202
• S&P index is up 12.5 points or 0.33% at 3836.55
• 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 is up 25 points or 0.24% at 10412
• Russell 2000 is up 10.59 points or 0.6% at 1761.32

Shares of Apple which fell sharply yesterday or up $1.33 or 1.05% at $126.40. Tesla shares are also higher but only by about $0.30 at $108.40.

Looking at the S&P components, energy is down -0.93% as crude oil prices slump by over 3% in trading today.

Financials (+1.14%), materials (+1.02%), and real estate (+0.95%) are leading the way to the upside.

At 10 AM, the ISM manufacturing PMI will be release with expectations at 48.5 versus 49.0 last month. Prices paid is expected at 42.6 versus 43.0 last month. Employment is expected at 48.3 versus 48.4 last month. New orders came in at 47.2 last month.

Also at 10 AM the JOLTS job openings are expected at 10.00M vs 10.334M last month. Lower job openings are a reflection of weakening job market but the number still remains near high levels.

The Federal Reserve or release the meeting minutes from the December meeting. The Fed increase rates by 50 basis points to a high target of 4.5% and targeted a terminal rate of 5.1%.

Feds Kashkari said today that he expects the terminal rate to be 5.4% before the Fed starts a period of steady policy to see the lag impact of feds actions to date.

The USD is the weakest of the major currencies with the AUDUSD the biggest mover (1.93% higher). The AUDUSD has moved above its 200 day moving average for the first time since June 2022. That MA comes in at 0.6855. The current price is at 0.6878. The pair has been helped by news that China would look to buy Australian coal.