US stocks open with gains. Nasdaq makes a record high.

S&P and Dow lagg

The major US indices are opening with gains led by the NASDAQ composite index.  A snapshot of the major indices a few minutes into the opening are showing:

  • S&P index +7.5 points or 0.22% at 3332.90
  • NASDAQ index up 45 points or 0.46% at 9447.
  • Dow up 120 points or 0.42% at 29281
Intel’s earnings after the close yesterday beat expectations on the top and bottom line and the for guidance was also more positive. Intel shares are up $4 on the day or 6.4%

In the US debt market, yields are ticking more to the downside:

  • 2 year 1.513%, unchanged
  • 5 year 1.536%, -1.0 basis points
  • 10 year 1.72%, -1.4 basis points
  • 30 year 2.16%, -1.7 basis points

In other markets as stock trading gets underway:

  • spot gold is down $-1.50 or -0.10% at $1561.45
  • WTI crude oil futures are trading down $1.17 or -2.10% at $54.40. Since the Iran bombing day, the price of crude oil has fallen -17.18%.

In the forex market:

  • GBPUSD stalled at support near its 100 hour moving average at 1.3077.  We currently trade at 1.3099, down 24 pips.  A move above the 1.3100 level should solicit more buying (give dip buyers more confidence).
  • USDJPY is below the December ceiling at 108.675-723 and above the 38.2% retracement at 109.275. The price currently trades at 109.524, between the extremes.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *