US stocks are mixed to start the US trading week.The S&P and Nasdaq win streak in jeopardy
US stocks are mixed to start the trading week. The Dow is higher (and trading at a new all-time high), but the broader S&P and NASDAQ indices are lower. Recall that last week both of those indices rose each of the trading days for the week. That came after sharp declines the prior week. The snapshot of the market today is currently showing: Dow industrial average up 205.50 points or 0.50% at 41599.28S&P index -10.51 points or -0.19% at 5615.51.NASDAQ index -153.63 points or -0.87% at 17530.35.A snapshot of the small-cap Russell 2000 shows a modest up 2.65 points or 0.12% at 2185.14.Yields are now higher after trading lower earlier in the day. The Empire manufacturing index came in at 11.5 versus -4.75 expectations and -4.7 last month. The rise was the best since April 2022. HMMM. Rates were down 3-5 basis points earlier today. Those declines have been erased. 2-year yield 3.578%, +0.2 basis points5-year 3.436%, +1.2 basis points10 year yield 3.660%, +1.2 basis points30 year yield 3.983%, +0.7 basis pointsin other markets: Crude oil is trading up $1.54 or 2.23% at $70.18.Gold is continuing its move to new record highs with a gain of $7.32 or 0.30% at $2585.40. A new intraday high of $2589.68 was reached today Silver is trading up $0.21 or 0.67% at $30.90Bitcoin is trading at $58,180. On Friday the digital currency closed at $60,545. Over the weekend, the high price came in at $60,655. This article was written by Greg Michalowski at www.forexlive.com.
US stocks are mixed to start the trading week. The Dow is higher (and trading at a new all-time high), but the broader S&P and NASDAQ indices are lower. Recall that last week both of those indices rose each of the trading days for the week. That came after sharp declines the prior week.
The snapshot of the market today is currently showing:
- Dow industrial average up 205.50 points or 0.50% at 41599.28
- S&P index -10.51 points or -0.19% at 5615.51.
- NASDAQ index -153.63 points or -0.87% at 17530.35.
A snapshot of the small-cap Russell 2000 shows a modest up 2.65 points or 0.12% at 2185.14.
Yields are now higher after trading lower earlier in the day. The Empire manufacturing index came in at 11.5 versus -4.75 expectations and -4.7 last month. The rise was the best since April 2022. HMMM. Rates were down 3-5 basis points earlier today. Those declines have been erased.
- 2-year yield 3.578%, +0.2 basis points
- 5-year 3.436%, +1.2 basis points
- 10 year yield 3.660%, +1.2 basis points
- 30 year yield 3.983%, +0.7 basis points
in other markets:
- Crude oil is trading up $1.54 or 2.23% at $70.18.
- Gold is continuing its move to new record highs with a gain of $7.32 or 0.30% at $2585.40. A new intraday high of $2589.68 was reached today
- Silver is trading up $0.21 or 0.67% at $30.90
- Bitcoin is trading at $58,180. On Friday the digital currency closed at $60,545. Over the weekend, the high price came in at $60,655.
