Broader indices are mixed. Dow higher to start the trading day.
As the US trading gets underway for the respective indices, the results are mixed. The Dow industrial average is higher as is the S&P index. The NASDAQ index is trading above and below unchanged. A snapshot of the market eight minutes into the open is showing:Dow industrial average up 103.74 points or 0.26% at 38528.02S&P index up 10.78 points or 0.22% at 5011.41NASDAQ index up 2.07 points or 0.01% at 15861.21The small-cap Russell 2000 is the big winner with a rise of 22.78 points or 1.13% at 2035.00. Flow of funds are heading into that indice thanks to lower interest rates after the lower-than-expected retail sales report.Looking at the US debt market:2-year yield 4.538%, -4.2 basis points5-year yield 4.182%, -6.4 basis points10 year yield 4.206%, -6.0 basis points30-year yield 4.392%, -5.6 basis points This article was written by Greg Michalowski at www.forexlive.com.
As the US trading gets underway for the respective indices, the results are mixed. The Dow industrial average is higher as is the S&P index. The NASDAQ index is trading above and below unchanged.
A snapshot of the market eight minutes into the open is showing:
- Dow industrial average up 103.74 points or 0.26% at 38528.02
- S&P index up 10.78 points or 0.22% at 5011.41
- NASDAQ index up 2.07 points or 0.01% at 15861.21
The small-cap Russell 2000 is the big winner with a rise of 22.78 points or 1.13% at 2035.00. Flow of funds are heading into that indice thanks to lower interest rates after the lower-than-expected retail sales report.
Looking at the US debt market:
- 2-year yield 4.538%, -4.2 basis points
- 5-year yield 4.182%, -6.4 basis points
- 10 year yield 4.206%, -6.0 basis points
- 30-year yield 4.392%, -5.6 basis points
