Major US indices are little changed in early Monday trading

The major stock indices are mixed/little changed in early US trading:

• Dow Industrial Average is down -7.0 points are -0.02% at 33419
• S&P index is up 4.29 points or 0.11% at 4196.94
• NASDAQ index is up 20 points or 0.17% at 12679
• Russell 2000 is up 6.55 points or 0.37% at 1780.27

Shares of Micron are trading down $2.46 or -3.61% after China put some restrictions on sales of their chips within their country due to security concerns.

Looking at some other major stocks:

• Nvidia is trading down $4.67 or -1.5% at $307.95
• Alphabet shares are up $2.07 or 1.69% at $124.85
• Microsoft is trading at $1.59 or 0.50% at $319.93
• Apple - large exposure to China - is trading down $1 -0.59% $174.14
• Adobe knowledge had a big move last week is trading up $0.88 or 0.24% to $372.13
• KRE regional bank ETF is trading at $0.23 or 0.61% of $39.44

In the US at that market, yields are modestly higher after trading lower at the start of the New York session. Fed's Bullard (nonvoting member) started the week with some hawkish comments:

• 2 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 4.304% +1.6 basis points
• 5 year yield 3.76% +1.4 basis points
• 10 year yield 3.701% +0.9 basis points
• 30 year yield 3.944% +0.3 basis points

A summary a Bullard's comments:

He anticipates slow economic growth extending into 2024, but dismisses arguments suggesting a looming recession. Bullard noted that the September median prediction of a 5.11% Federal funds target rate, based on expected slow growth and inflation improvements, has not materialized. He suggested the need for a further rate hike of about 50 basis points this year from the current 5.25% to combat inflation while the labor market remains strong. Despite companies scrambling for workers and job growth trending above average, core measures of inflation have remained relatively stable in recent months. However, Bullard warned that if inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term isn't effectively controlled, more aggressive action will be necessary, suggesting the Fed should err on the side of overcompensating. He also highlighted the significant issue of the US decoupling from China and does not foresee changes to the quantitative tightening policy in the near future.