The US core PCE data came in a touch lighter at 0.2% versus 0.3% (rounded). In reality, it was nearly right in the middle of 0.2% and 0.3% add 0.249%, tilting the round to the downside (i.e. 0.2%). Nevertheless, it is an okay number that has us major indices tilting to the upside in early trading.
A snapshot of the market after five minutes of training currently shows:
- Dow Industrial Average average +147.60 points or 0.39% at 38259.09
- S&P index +9.51 points or 0.18% at 5244.98
- NASDAQ index +2.81 points or 0.02% at 16739.89.
The small-cap Russell 2000 is also higher. It currently trades up 7.72 points or 0.38% at 2064.32.
For the trading week, major indices are on track for a lower close after five weeks of gains:
- Dow industrial average -2.12%
- S&P index -1.09%
- NASDAQ index -0.99%
It is month-end as well and major indices are higher:
- Dow industrial average +1.14%
- S&P index +4.28%
- NASDAQ index up 7.05% for its largest gain since November 2023
Looking at US yields,, they are lower and trading at lows for the day:
- 2-year yield 4.903%, -2.5 basis points
- 5-year yield 4.528%, -4.3 basis points
- 10 year yield 4.504%, -4.9 basis points
- 30-year yield 4.638% -4.7 basis points
This article was written by Greg Michalowski at www.forexlive.com.
Source link
