Mixed start to the trading day. NASDAQ marginally lower.
The US major indices are trading marginally higher to start the final day of the trading week which included a presidential election and Federal Reserve interest rate cut.The markets are cheering the Pres. Trump victory with solid gains this week. There may be a little slowing today, but still it is not a bad day. Dow industrial average up 85.10 points or 0.19% at 43814.44S&P index up 8.02 points or 0.13% at 5981.12NASDAQ index is now trading down -15.88 points or -0.08% at 19253.57THe small cap Russell 2000 is up 5.14 points or 0.22% at 2387.83For the trading week, the gains were led by the Russell 2000 and the Nasdaq index (working on a 3 day win streak)Dow industrial average is up 4.24%S&P index is up 4.47%NASDAQ index is up 5.67%Russell 2000 is up 7.97%The US yields are lower today and ironically the 10 year yield is down for the trading week. 2-year yield 4.218%, -0.2 basis points5-year yield 4.166%, -2.4 basis points10-year yield 4.300%, -4.3 basis points30-year yield 4.487%, -5.6 basis pointsA week ago, the 10-year yield closed at 4.38%. The two-year yield is unchanged on the week at 4.21%Looking at other markets: Crude oil is trading down $-1.48 and $70.90. For the week the price is up around $2.40Gold is trading down $17 or -0.64% at $2689.07. That is down from a closing level last week at $2735.80Bitcoin is trading at $75,811. Last week, the digital currency closed at $68,738. The digital currency market expect Pres. Trump to be a proponent of Bitcoin (and other digital currencies). This article was written by Greg Michalowski at www.forexlive.com.
The US major indices are trading marginally higher to start the final day of the trading week which included a presidential election and Federal Reserve interest rate cut.
The markets are cheering the Pres. Trump victory with solid gains this week. There may be a little slowing today, but still it is not a bad day.
- Dow industrial average up 85.10 points or 0.19% at 43814.44
- S&P index up 8.02 points or 0.13% at 5981.12
- NASDAQ index is now trading down -15.88 points or -0.08% at 19253.57
THe small cap Russell 2000 is up 5.14 points or 0.22% at 2387.83
For the trading week, the gains were led by the Russell 2000 and the Nasdaq index (working on a 3 day win streak)
- Dow industrial average is up 4.24%
- S&P index is up 4.47%
- NASDAQ index is up 5.67%
- Russell 2000 is up 7.97%
The US yields are lower today and ironically the 10 year yield is down for the trading week.
- 2-year yield 4.218%, -0.2 basis points
- 5-year yield 4.166%, -2.4 basis points
- 10-year yield 4.300%, -4.3 basis points
- 30-year yield 4.487%, -5.6 basis points
A week ago, the 10-year yield closed at 4.38%. The two-year yield is unchanged on the week at 4.21%
Looking at other markets:
- Crude oil is trading down $-1.48 and $70.90. For the week the price is up around $2.40
- Gold is trading down $17 or -0.64% at $2689.07. That is down from a closing level last week at $2735.80
- Bitcoin is trading at $75,811. Last week, the digital currency closed at $68,738. The digital currency market expect Pres. Trump to be a proponent of Bitcoin (and other digital currencies).
