The major US stock indices are whipping around after Vice chair Brainards comments focused on the Fed's mission to stop inflation with a September pause not likely.
The major indices are mixed. The Dow industrial average and S&P index are lower while the NASDAQ index has pushed back into positive territory. Price action today is up and down.
A snapshot of the market currently shows:
- Dow industrial average down -210.32 points or -0.64% at 32602.92
- S&P index down -10.84 points or -0.26% at 4090.40
- NASDAQ index up +27 points or 0.23% at 12021.49
- Russell 2000 up +11.91 points or 0.64% at 1866.73
Taking a look at other markets:
- spot gold is up $21.46 or 1.16% at $1867.40
- spot silver is up $0.37 or 1.75% at $22.18
- crude oil is back higher despite the higher than expected OPEC production increase.. The price is currently trading at $115.20. That's near unchanged but well off the low for the day at $111.23
- bitcoin is trading back below the $30,000 level at $29,909
In the US debt market yields are mixed:
- 2 year 2.645%, -1.8 basis points
- 5 year 2.916%, -2.4 basis points
- 10 year 2.918%, -1.2 basis points
- 30 year 3.088%, +1.2 basis points
