The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week

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The US stock markets are open and trading, and the major indices are lower led by the Dow industrial average. For the trading week both the S&P and NASDAQ index are higher as they extended to all-time highs this week. The Dow industrial average is not higher today nor for the trading week.

A snapshot of the market currently shows:

  • Dow Industrial Average average -205 points or -0.53% at 38444
  • S&P index -13.72 points are -0.25% at 5419.88
  • NASDAQ index -7.99 points are -0.05% at 17660.

For the trading week, the NASDAQ index is a leading the way with a solid 3% gain currently:

  • Dow Industrial Average average -0.98%
  • S&P index +1.34%
  • NASDAQ index +3.07%

Apple is the star performer this week with a gain of 8.55% as they are worldwide developers conference impressed the market concerning its AI plans within its product mix.

Nvidia shares are also enjoying an 8% gain for the week.

Microsoft shares are up 4.06%. Apple and Microsoft are battling for the largest capitalized stock with both valued near $3.28 trillion.

In the US debt market, the yields are lower with the longer end leading the way lower:

  • 2-year yield 4.687%, -0.1 basis points
  • 5-year yield 4.224%, -1.1 basis point
  • 10 year yield 4.213%, -2.7 basis points
  • 30-year yield 4.347%, -5.3 basis points

This article was written by Greg Michalowski at www.forexlive.com.



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