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Major US indices open higher, led by the NASDAQ index


  • Dow industrial average up for 6 straight day

Major U.S. stock indexes rise after PCI data showed a decline in core revenue year-on-year. US inventories rose more than 2% for the 3rd month in a row (is inventory building excessive?). The U.S. trade deficit plunged, possibly a sign of lower demand for overseas goods.

An overview of the current market shows:

  • Dow Industrial Average up 71 points or 0.22% to 32709
  • S&P up 36.4 points or 0.90% at 4094.30
  • NASDAQ
  • Russell 2000 up 15.8 points or 0.86% at 1854.11

Costco is down due to gross margin pressure. They beat on the top and bottom line. It is down -0.30%.

Citigroup was downgraded by Credit Suisse due to valuation concerns. They believe that the upside is limited compared to its peers. The city’s shares are down -1.46%.

JP Morgan shares are down slightly after falling sharply this week. The shares are up 7.41% from last Friday’s close.

  • Microsoft is up 1.44%
  • Amazon is up 2.35%
  • AMD is up 2.72%
  • Disney is up 1.82%. Paramount’s Top Gun opens this weekend is expected to have huge crowds. Does that

Other top winners include:

  • GameStop, +5.78%
  • Block, +5.78%
  • Tesla, +4.38%
  • Nvidia, +3.07%

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