European major indices are closing higher on the day led by Spain's Ibex. A look at the major indices near the close shows:

  • German DAX, +0.49%
  • France CAC, +0.18%
  • UK FTSE 100 unchanged
  • Spain's Ibex +1.18%
  • Italy's FTSE MIB +0.16%

in the US market as London/European traders look to exit for the day:

  • Dow industrial average up 0.60%
  • S&P index up 0.35%
  • NASDAQ index up 0.11%

The biggest gainer is the small-cap Russell 2000 which is surging by 1.4%.

US yields are lower ahead of the 7- year note auction at 1 PM ET:

  • 2- year yield 4.562%, -3.5 basis points
  • 5-year yield 4.187%, -3.8 basis points
  • 10 year yield 4.198%, -3.6 basis points
  • 30-year yield 4.365% -3.4 basis points