US stocks 13 minutes into the open art showing mixed results (but little changed):
- Dow industrial average is up 14.54 points or 0.04% at 37830.47
- S&P index is down -10.65 points or -0.21% at 5025.05
- NASDAQ index is down -0.25 points at 15657.57.
The small-cap Russell 2000 is trading at 3.27 points or 0.17% at 1977.17.
Amazon shares are trading up $5.72 or 3.31% at $180.78 after eating expectations.
Super Micro Computers are down sharply by $112 or -13.12% at $746 after their earnings disappointed. Nvidia shares are also lower by $-12.34 or -1.4% at $851.39 despite companies insistence on additional capital expenditures for AI.
Looking at the US debt market, yields are lower despite the stronger ADP numbers this morning. Of course yours moved higher yesterday after the employment cost index data was stronger than expectations:
- 2 year yield 5.012%, -3.4 basis points
- 5-year yield 4.681% -4.0 basis points
- 10 year yield 4.648%, -3.7 basis points
- 30-year yield 4.747%, -4.2 basis points
Looking at other markets:
- Crude oil is trading down $1.19 or -1.45% at $80.73.
- Gold is trading up $16.50 or 0.72% at $2302.
- Silver is trading up $0.16 or 0.61% at $26.44.
- Bitcoin is lower on the day at $57,520. It’s low price reached $56,500. The high price was up at $60,786
This article was written by Greg Michalowski at www.forexlive.com.
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