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Major indices 1st move is to the upside after opening lower

The major US stock indices are opening in the red but are seeing a rebound in the early reactionary move.

  • S&P index -22 points or -0.8% that 2798.02
  • NASDAQ index -52 points or -0.60% at 8809.33
  • Dow industrial average -203 points or -0.88% at 23046

In trading be for the opening the S&P was down around -26 points while the Dow was down -260 points, but market trading is often very volatile at the opening.

A snapshot of the US debt market currently shows the 2 year near unchanged. The 30 year is down around 5 basis points as the yield curve flattens:

  • 2 year, 0.159%, unchanged
  • 5 year 0.306%, -1.0 basis points
  • 10 year 0.616%, -3.5 basis points
  • 30 year 1.292%, -5.2 basis points

In other markets:

  • spot gold is trading up $3.30 or 0.19% at $1719.70
  • WTI crude oil futures for July delivery are trading up $0.85 or 3.3% at $26.54

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