The major indices open subduedly. The NASDAQ is lower. The Dow Jones is higher. The S&P is in between, but slightly lower.
The NASDAQ index is impacted by Netflix which is down more than 6.5% after publishing better than expected profits and revenues but with moderate forecasts.
Shares of Nvidia and Super Micro Computers are also down. Super Micro Computers has set its earnings date, but has not announced positive earnings projections in advance. In the past, they anticipated their gains with positive comments. SMCI stock is currently down -4.4%. Nvidia shares are trading down -0.75%.
A market overview currently shows:
- The Dow industrial average is trading up 100 points or 0.26% at 37878
- S&P index up 0.32 points or 0.01% at 5011.38
- NASDAQ index down -51 points or -0.33% 15551
Small-cap Russell 2000 down -3.58 points or -0.18% to 1939.34
For the trading week, major indices are down. The S&P is on pace for its third consecutive weekly decline. The NASDAQ is experiencing its fourth week of decline and its largest decline since March 2023.:
- Dow Industrial Average-0.34%
- S&P Index -2.26%
- NASDAQ Index -3.89%
In the US debt market, yields are lower:
- 2-year yield 4.977%, -1.3 basis points
- 5-year yield 4.655%, -3.0 basis points
- 10-year yield 4.604%, -4.3 basis points
- Yield at 30 years 4.699%, -4.6 basis points
looking at other markets:
- Crude oil is trading down -$0.62 at $81.48.
- Gold is trading almost unchanged at $2,378.25.
- Bitcoin is trading higher at $64,780
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