US stock indices trading mixed at the open for the trading day | Forexlive

The major US stock indices are mixed in early US trading. A snapshot of the market currently shows:

• Dow Industrial Average -83.40 points or -0.22% at 37185.50
• S&P index up 20.63 points or 0.45% at 4760.50
• NASDAQ index is leading the way with a gain of 155 points or 1.04% at 15008.10

The small-cap Russell index is rebounding with a gain of 7.01 points or 0.37% at 1920.09. After surging by 12.05% in December, the index is down 5.36% so far in 2024.

US yields are higher after over than expected initial jobless claims reversed the debt market:

• 2-year yield 4.356% +0.3 basis points
• 5-year yield 4.037% +1.4 basis points
• 10 year yield 4.124% +2.1 basis points
• 30-year yield 4.345% +3.3 basis points

Looking at other markets as US stock trading gets underway:

• Crude oil is trading up eight cents at $72.65
• Gold is higher by $5.23 or 0.26% at $2011.11
• Silver is down seven cents or -0.32% at $22.47
• Bitcoin is trading at $42,518. The high price on January 11 reached $49,048. Since then the price is down -12.8% despite the approval of the bitcoin ETFs.

Looking at the major European indices, indices are rebounding after a couple of days of downward momentum:

• German DAX is up 0.56%
• France CAC +0.84%
• UK FTSE 100 +0.05%
• Spain's Ibex +0.15%
• Italy's FTSE MIB +1.01%

At 11 AM, the EIA weekly oil and gas inventory data will be released:

• Crude oil inventory expected to have a drawdown of -0.313M
• Distilates inventory expecting a build of 0.880M
• Gasoline inventories expecting a build of 2.150M

The private data released late yesterday showed much higher-than-expected builds.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://www.forexlive.com/news/us-stock-indices-trading-mixed-at-the-open-for-the-trading-day-20240118/