US stocks indices and traders are choosing higher at the start of the trading day after trading above and below unchanged off of the higher-than-expected CPI data. Although inflation data was a bit higher than expectations, the feeling is the worst is behind.
US yields are trading near the middle of the ranges but mostly still lower on the day:
- 2 year 4.341% -3.0 basis points
- 5-year yield 3.959% -2.1 basis points
- 10-year 4.022% -0.8 basis points
- 30-year 4.21% +1.2 basis points
Taking a look at the major indices nine minutes into the open is showing:
- Dow Industrial Average up 11.88 points or 0.03% at 37707.62
- S&P index up 10.2 points or 0.21% at 4793.66
- Nasdaq index up 77.54 points or 0.52% at 15047.19
The small-cap Russell 2000 is lower on the day. It is currently down -9.33 points or -0.47% at 1960.92.
Bitcoin ETF's are starting trading and they are higher.
- Grayscale (GBTC) is up 5.2%
- Invesco Galaxy Bitcoin ETF is up 4.07%
- Ishares Bitsoin Trus (IBIT) is up 4.51%
