Modest rises at the opening
The US stocks are opening higher after Fed Powell's speech where he announced inflation averaging over time.
The snapshot of the major indices currently shows:
- S&P index up 7.7 points or 0.21% at 3485.67
- NASDAQ index up 17.9 points or 0.17% at 11686.70
- Dow is up 132 points or 0.46% at 28464.70
US yields are lower but off there lowest levels:
- 2 year 0.142%, -0.9 basis points
- 10 year 0.672%, -1.6 basis points
- 30 year 1.397%, -1.5 basis points
spot gold is trading up $6 or 0.31% at $1960.50
spot silver is trading up $0.09 or 0.33% $27.60
WTI crude oil futures are trading down $0.17 or -0.4% at $43.22