The major US Stock indices are moving to the upside after the better-than-expected US CPI data. The gains in the three major indices are led by the NASDAQ index up 1.3%.
The small-cap Russell 2000 is surging by 2.60%.
A snapshot of the market 10 minutes into the open is is showing:
Dow Industrial Average average up 299 points or 0.76% at 39049. The record high close for the Dow is at 40,003. So the index is still 1000 points away from record high levels.S&P index is up 51.44 points or 0.96% at 5427. Yesterday the S&P closed at a record level. Today, if gains can be maintained would be another.The NASDAQ index is also extending to a new record high with a gain of 239 points or 1.38% at 17582.
The small-cap Russell 2000 is trading up 54.01 points or 2.67% at 2078.60.
Looking at some of the large-cap stocks:
Apple shares are up another 2.44% and trades and another record. Nvidia shares are up 2.89%. Apple and Nvidia are handling it out for the second largest capitalize stock in the USMicrosoft is trading up 0.90%. It still remains the largest capitalized stock
This article was written by Greg Michalowski at www.forexlive.com.
