The major US indices are opening lower after the US PPI jump 9.6% year on year. The NASDAQ the index is getting hit the hardest with a decline of over -1%. The Dow industrial average is down around -0.3%.
A snapshot of the market currently shows:
- Dow industrial average -94 points or -0.27% at 35555
- S&P index -30.5 points -0.65% at 4639
- NASDAQ index -166 points or -1.08% at 15250
- Russell 2000 index is down -19.66 points or -0.90% at 2160.82
In other markets:
- Spot gold is down $-16.24 or -0.91% $1769 and 85 cents
- Spot silver is down $0.57 -2.59% at $21.73
- WTI crude oil futures are trading down $0.90 at $70.36
- Bitcoin is trading at $47,039
US rates are higher after the higher-than-expected PPI data. The five years up 2.5 basis points the 30 years up 2.1 basis points:
US rates are higher after PPI data
In the forex market, the GBP is the strongest and the AUD is the weakest.
The GBP is the strongest and the AUD is the weakest
