US stock market sees positive start as the week works toward the close with NASDAQ leading

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.

• 2-year yield 4.994%, -2.7 basis points
• 5-year yield 4.604% -3.6 basis points
• 10-year yield 4.590% -4.0 basis points
• 30-year yield 4.715% -5.1 basis points

In other markets:

• Crude oil is trading up $1 and $76.74
• Gold is down $13.26 or -0.67% at $1945.11
• Silver is down $0.31 or -1.36% at $22.30
• Bitcoin is trading at $37,102