Today, the three principal American indices have been trading up for the majority of the past four trading days, with the Nasdaq being on the brink of finishing in the green for four days in a row. The S&P and Dow have both advanced in three of the last four trading days.
Tomorrow at 8:30 AM, the US Consumer Price Index will be revealed and is expected to serve as an important indicator of stock prices in the near future. Investors are hoping to spot a decrease in the main number (0.0% MoM), while the core ex food and energy is anticipated to be 0.3%.
A current overview of the market reveals:
- The Dow industrial average has risen by 125.36 points (0.37%) to 33829.47
- The S&P index has increased by 18.38 points (0.47%) to 3937.64
- The NASDAQ index has gained 43.46 points (0.40%) to 10786.09
- The Russell 2000 has gone up 4.89 points (0.27%) to 1827.55
In comparison to other markets, US yields are trading at lower levels further along the curve:
- 4.26% yield for two years, increasing by 0.9 basis point
- Five years have a 3.706% yield, dropping 2.6 basis points
- The ten year yield is 3.585%, a decrease of 3.8 basis points
- 30 year yield is 3.699%, having dropped 5.8 basis points
At the appointed time of 1 PM Eastern Time, the United States Treasury Department is set to offer 10 year notes for sale.
- Gold attained its highest point since May 6, reaching $1886.63, yet is currently trading at $1874.36 due to a weaker dollar.
- Spot silver is up by 0.19%, trading at $23.64.
- WTI crude oil has surged $1.13 to $76.31.
- Bitcoin has stayed around the $17,410 mark.