US stocks open mixed with the NASDAQ falling. The S&P moves above and below without change. The Dow Jones industrial average is slightly higher. A snapshot of the market eight minutes into the open shows:
- Dow industrial average up 84.29 points or 0.22% to 37,837.61
- The S&P index is down -6.51 points or -0.13% at 5015.71.
- The NASDAQ index is down -50.60 points or -0.32% at 15632.77.
The small-cap Russell 2000 index rose 0.21 points or 0.01% to 1,948.16.
For the trading week:
- Dow Industrial Average -0.24%
- S&P Index -2.02%
- NASDAQ Index -3.35%
- Russell 2000-2.69%
US yields rose after the Philadelphia Fed index, stronger than expected. Initial and continuing unemployment claims were stable and indicative of a solid employment situation. The president of the New York Fed. Williams reiterated that the policy was a good thing and that the Fed was not very willing to cut rates.
- 2-year yield 4.975%, +4.3 basis points
- 5-year yield 4.660%, +4.3 basis points
- 10-year yield 4.622%, +3.7 basis points
- 30-year yield 4.720%, +2.2 basis points
in other markets:
- crude oil is trading down six cents at $82.62.
- Gold is trading up $17.30 or 0.73% at 2,377.28.
- Bitcoin is trading at $62,331
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