Modest advances after Amazon earnings

The US stock market is open for trading with the major indices higher vs the close from yesterday:

  • The S&P indexes up 4 points or 0.15% at 2841.75
  • The NASDAQ is up 31 points or 0.40% at 7883.68
  • The Dow is up 23 points or 0.09% at 25549

Amazon reported much stronger-than-expected earnings after the close and is currently up $62 or 3.47% at $1870.

Intel also beat on the top and bottom line but the back story was not up to investors expectations. Its stock is down $3.50 or -6.71% at $48.66.

Twitter reported earnings this morning and the member numbers disappointed. The stock is lower by $6.60 or -15.5% at $36.29.

Facebook which fell 20% in trading yesterday is trading up marginally at $176.52 currently.

In the US debt market, yields are lower:

  • 2 year 2.673%, -0.8 bps
  • 5 year 2.842%, -1.6 basis points
  • 10 year 2.952%, -2.4 basis points
  • 30 year 3.07%, -2.6 basis points