And they are off…
US stocks are officially open and the major indices are marginally higher after closing at record levels yesterday. The Dow is higher. the S&P is trading above and below unchanged while the NASDAQ index is also trading above or below unchanged.
The small-cap Russell 2000 sniffed its all-time record high from November 2021, but is lower in early trading.
A snapshot of the market currently shows six minutes into the open is showing:
Dow industrial average +61.83 points or 0.14% at 44354.96S&P index up 5.61 points or 0.09% at 6006.96NASDAQ index up 12.46 points or 0.06% at 19311.22
The small-cap Russell 2000 is down -10.16 points or -0.42% had 2424.80.
SHopify shares are up over 20% after reporting that an expected earnings and revenues. Revenue growth marked its six consecutive quarter of greater than 25% revenue growth. Gross margins for the quarter was 51.7%.
Home Depot also reported earnings and it shares are currently up about 1% on the day
In the US debt market, yields are higher after traders for the day off yesterday in observance of Veterans Day.
2year yield 4.327%, +7.3 basis points.5-year yield 4.281%, +8.9 basis points.10-year yield 4.380%, +7.2 basis points30 year yield 4.522%, +4.4 basis points
This article was written by Greg Michalowski at www.forexlive.com.
