The major indices are trading higher in early US trading. The Dow Industrial Average is trying for its 8th positive day in a row. The gains in the Dow are led by Verizon (up 3.58%), Salesforce (up 2.11%), and Unitedhealth (up 2.14%).
A snapshot of the major entities currently shows:
- Dow industrial average up 143.82 points or 0.41% at 35093
- S&P index up 20 points or 0.44% at 4575
- NASDAQ index up 45 points or 0.30% at 14397
The small cap Russell 2000 is currently trading up 9.38 points or 0.47% at 1985.44
- US crude oil is trading up $0.80 at $76.50.
- Gold is is trading near unchanged at $1978.58 after trading to the its highest level since May 24 yesterday. The high price yesterday reached $1984.32
- Bitcoin is trading above and below $30,000. The current price is at $29,995
In the US debt market, yields are lower. The US treasury will auction off 20 year bonds at 1 PM ET:
- 2-year yield 4.77%, -2.5 basis points
- 5-year yield 3.968%, -3.2 basis points
- 10-year yield 3.763% -2.5 basis points
- 30-year yield 3.81% -1.9 basis points
The UK 10 year yield is coming off of its low levels. It currently trades at 4.19% that’s still down -14.7 basis points. The low yield reach 4.138% earlier today after better-than-expected CPI data.
This article was written by Greg Michalowski at www.forexlive.com. Source