The major US stock indices are opening higher led by the NASDAQ index.
A snapshot of the market 4 minutes into the open is currently shows:
- Dow Industrial Average 195.31 points or 0.50% at 39552.33
- S&P index is trading up 43.85 points or 0.82% at 5388.23.
- NASDAQ index of 205.59 points or 1.23% at 16986.20
The small-cap Russell 2000 is trading higher by 12.91 points or 0.63% at 2075.00.
The NASDAQ index is opening above it 100-day moving average of 16905.43 (blue line on the chart below).
NASDAQ index opened about it 100 day moving average
Looking at the US yields, they have moved lower after the PPI:
- 2 year yield 3.954%, -6.1 basis points
- 5-year yield 3.688%, -6.2 basis points
- 10 year yield 3.854%, -5.5 basis points
- 30-year yield 4.159% -3.9 basis points
In other markets:
- crude oil is trading down $0.71 at $79.36
- Gold is trading down -$3.60 or -0.15% at $2468.30.
- Silver is trading down $0.33 or -1.18% at $27.63.
- Bitcoin is trading at $59,066. So far the high price today has remained below the $60,000 level of $59,931.