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Major indices open higher, piggybacking on the gains from Friday. | Forexlive

The major US indices are trading higher as the week kicks off. However the NASDAQ index is giving up early gains

The major indices all moved higher on Friday, but closed lower for the week. Today’s gains are trying to put back to back gains on the books.

A snapshot of the market 10 minutes into the open shows

  • Dow industrial average is trading up 110 points or 0.34% at 32515
  • S&P index is up 6.83 points or 0.18% at 3777.77
  • NASDAQ index is down -2.4 points or -0.03% 10472
  • Russell 2000 is up 5.49 points or 0.30% at 1805.21

in the US debt market, yields are mixed with the shorter end higher and the longer end lower (more negative yield curve)

  • 2 year yield 4.707%, +4.4 basis points
  • 5 year yield 4.347%, +1.3 basis points
  • 10 year yield 4.152%, -1.1 basis point
  • 30 year yield 4.232%, -2.1 basis points

a snapshot of other markets shows:

  • Spot gold down $-2.59 or -0.16% at $1677.40
  • Spot silver is up $0.01 that $20.86
  • Crude oil is trading at $92.54, up from the early New York level at $92. The price is near unchanged
  • Bitcoin is trading at $20,636, that is down from $20,720 at the start of the New York session