US core PCE data was slightly lighter, at 0.2% versus 0.3% (rounded). In reality, it’s almost in the middle of 0.2% and 0.3% adds 0.249%, tipping the rounded number down (or 0.2%). Nevertheless, this is a decent figure which tilts the main indices upwards at the start of the session.
A market overview after five minutes of training currently shows:
- Dow Industrial Average +147.60 points or 0.39% to 38,259.09
- S&P index +9.51 points or 0.18% to 5244.98
- NASDAQ Index +2.81 points or 0.02% to 16739.89.
The small-cap Russell 2000 is also higher. It is currently trading up 7.72 points or 0.38% at 2064.32.
For the trading week, the major indexes 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%
We are also at the end of the month and the main indices are on the rise:
- Dow Industrial Average +1.14%
- S&P Index +4.28%
- The NASDAQ index up 7.05% for its biggest increase since November 2023
As for US yields, they are lower and trading at their lowest levels for the day:
- 2-year return 4.903%, -2.5 basis points. The 2-year yield is down -13.9 basis points this month
- 5-year yield 4.528%, -4.3 basis points. The yield is down -19.4 basis points this month.
- 10-year yield 4.504%, -4.9 basis points. Yield is down -18.3 basis points this month
- Yield at 30 years 4.638% -4.7 basis points. Yield is down -15.1 basis points this month
Looking at other markets:
- Crude oil is trading at $78.07, up $0.16 or 0.21%. For the month, the price is down -4.76%, the biggest drop since December
- Gold is trading up $6.90 or 0.29% at $2,350.80. For the month, gold prices are up 2.87% (fourth consecutive month higher)
- Silver is trading up $0.24 or 0.77% at $31.40. Silver had its strongest month since July 2020. Its price is up 19.64%.
- Bitcoin is trading at $68,405. This is up 12.72% over the month
cnbctv18-forexlive
