The major US stock indices are starting the final day of the week in positive territory. The gains are led by the NASDAQ index which is up around 0.55% after snapping its 9-day winning streak yesterday. The S&P index snapped its 8-day winning streak yesterday.
A snapshot of the market 10 minutes into the open is showing:
Dow industrial average is trading up 120.36 points or 0.36% at 34012.31
S&P index is up 18.13 points or 0.42% at 4365.49
NASDAQ index is up 76.09 points or 0.56% at 13597.54
Looking at the US debt market, the yields are moving lower retracing some of the gains from yesterday after the troublesome 30 year bond auction. There was a hack of a US branch of a Chinese bank which could’ve impacted overseas bids. But domestic bids were also lower than the 6-month averages. Nevertheless, there is an excuse.