The last few days has seen the Dow industrial average move higher w the S&P and the NASDAQ indices moved lower. Today, the roles are reversed with the Dow lower, while the S&P in the NASDAQ indices or higher.
The small-cap Russell 2000 is also trading a bit lower in trading today after some profit-taking yesterday following the sharp rise over the last week or so of trading.
THe snapshot of the market five minutes into the open is showing:
Dow industrial average -56.44 points or -0.14% at 41141.65S&P index +12.03 points or 0.22% at 5600.31NASDAQ index of 103.79 points or 0.58% at 18100.72.
The small-cap Russell 2000 is currently trading down -6.7 points or -0.30% at 2232.92.
US yields are trading higher and rebounding after a modest dip following the move higher in the initial and continuing jobless claims (weaker employment)
2 year yield 4.450%, +2.1 basis points5-year 4.101%, +3.2 basis points10-year 4.184%, +3.9 basis points30-year yield 4.402%, +4.4 basis points
The EURUSD has moved lower after the ECB kept rates unchanged, and Lagarde did not give away much with regard to a September decision. The price is trading within a swing area between 1.0908 and 1.0918. The 100-day moving average is at 1.0908 and will be a key barometer for both buyers and sellers .
This article was written by Greg Michalowski at www.forexlive.com.
