US stocks trade lower as the aftermath of the CPI is digested by the markets

The US 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 trading lower in the aftermath of the US CPI data this morning.

A snapshot of the market currently shows:

• Dow Industrial Average -183.77 points or -0.54% at 34062.17
• S&P index -22.69 points or -0.55% at 4114.61
• 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 minus 83.53.2 -0.70% at 11808.26
• Russell 2000-16.15 points or -0.83% 1924.99

in the US debt market, the yields are moving higher helping to push stocks lower:

• two year yield 4.61% up 7.5 basis points
• five year yield 3.988% +6.3 basis points
• 10 year yield 3.745% +2.6 basis points
• 30 year yield 3.781% unchanged

The US dollar has moved back to the upside after up and down volatility after the report:

• EURUSD: The EURUSD had seen the pair moved down to the low of a swing area near 1.0707 (and below the 100 hour MA at 1.07193). Over the price has found support against that level currently trades at 1.0727. The topside today stalled near a swing area between 1.0799 and 1.0805. The 200 hour moving average is between at 1.07617

• USDJPY: The USDJPY is making a play to the upside and above the 50% of the move down from the December high. That midpoint level comes in at 132.689 and is now close intraday support. The price moved above the topside of a swing area near 132.902. The high price extended to 133.126. The current price is trading back down near 132.90. Going forward stay above the 50% midpoint keeps the buyers more control.