Home Forex Inventory market buying and selling developments: NASDAQ and S&P on profitable streaks, Dow snaps win streak

Inventory market buying and selling developments: NASDAQ and S&P on profitable streaks, Dow snaps win streak

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Inventory market buying and selling developments: NASDAQ and S&P on profitable streaks, Dow snaps win streak

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The key US inventory indices are buying and selling above and under unchanged in early US buying and selling. Successful streaks are nonetheless in play for the NASDAQ and the S&P index. The NASDAQ index has been up for 9 consecutive days whereas the S&P index has been up for 8 consecutive days. Yesterday the Dow Industrial Common snapped its seven-day win streak with a modest decline.

A snapshot of the market 8 minutes into the open is displaying

  • Dow Industrial Common common is buying and selling down -8.97 factors or -0.03% at 34103.31
  • S&P index down -0.56 factors or -0.01% at 4382.23
  • NASDAQ index up 0.02 factors or 0.00% at 13650.43

The NASDAQ closed above its 100 day shifting common for the 2nd consecutive day yesterday. That shifting common at present is available in at 13616.44.

The S&P index continues to be in need of its 100 day shifting common of 4402.41. The excessive worth at present got here in at 4393.40 up to now.

Within the US at that market, yields are greater at present. The US treasury will public sale off 30 12 months bonds that may 1 PM ET to finish the coupon auctions. The three and 10 12 months auctions had been met with common demand. A snapshot of the yield curve at present exhibits:

  • 2 12 months yield 4.955%, +1.9 foundation factors
  • 5 12 months yield 4.546% +2.5 foundation factors
  • 10 12 months yield 4.537% +2.9 foundation factors
  • 30 12 months yield 4.686% +3.0 foundation factors

different markets:

  • Crude oil is buying and selling up $0.87 or 1.15% at $76.21. The worth reached a low yesterday of $74.96 which was the bottom degree going again to July 20. It is a 200-day shifting common continues to be above at $78.11 and would must be damaged to extend the bullish bias.
  • Spot gold is up $3.25 or 0.17% at $1952.74.
  • Spot silver is up $0.12 or 0.55% at $22.65
  • Bitcoin is continuous its search the upside and at present trades at $37,675

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