As the US trading gets underway for the respective indices, the results are mixed. The Dow industrial average is higher as is the S&P index. The NASDAQ index is trading above and below unchanged.
A snapshot of the market eight minutes into the open is showing:
- Dow industrial average up 103.74 points or 0.26% at 38528.02
- S&P index up 10.78 points or 0.22% at 5011.41
- NASDAQ index up 2.07 points or 0.01% at 15861.21
The small-cap Russell 2000 is the big winner with a rise of 22.78 points or 1.13% at 2035.00. Flow of funds are heading into that indice thanks to lower interest rates after the lower-than-expected retail sales report.
Looking at the US debt market:
- 2-year yield 4.538%, -4.2 basis points
- 5-year yield 4.182%, -6.4 basis points
- 10 year yield 4.206%, -6.0 basis points
- 30-year yield 4.392%, -5.6 basis points