The major US indices open little changed. The ADP report was weaker than expectations. The GDP is old news now, but it came in 2.9% vs 2.7% estimate. The Advanced goods trade balance comes in at -99B which was a bigger trade gap than expected but that release can be volatile.
A snapshot of the market shows:
- Dow industrial average is up 42 points or 0.13% at 33892
- S&P index up 5.9 points or 0.15% at 3963.16
- NASDAQ index up 20 point or 0.18% at 11002.20
- Russell 2000 is up 3.73 point or 0.20% at 1840.15
In the US debt market, the yields are moving higher from earlier New York levels:
- two year 4.528%, +5.6 basis points
- five year 3.968% +4.7 basis points
- 10 year 3.777% +3.0 basis points
- 30 year 3.833% +3.0 basis points
