Major US indices open mixed. NASDAQ up. S&P near unchanged

The major US indices are opening with mixed results. The Dow is marginally lower. The S&P is near unchanged. The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term is marginally higher. The major indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term all moved sharply higher yesterday after 2 days of declines to start the new calendar month. A snapshot of the market currently shows:

• Dow industrial average is down -94 points or -0.29% at 32718
• S&P index -3.4 points or -0.09% at 4151
• NASDAQ index up 25.6 points or 0.21% at 12695
• Russell 2000 down 3.18 points or -0.17% at 1905.74

In other markets:

• spot gold is up $11.49 or 0.65% at $1776.98
• spot silver is down $0.04 -0.22% $19.99
• WTI crude oil is trading at $89.58 that's down $1.08 on the day. The price moved below the $90 level for the 1st time since the start of the Ukraine war
• Bitcoin is trading at $22,943. That is off the low of the day at $22,751.54

In the US debt market, yields are mixed/little changed:

• 2 year 3.09%, +2.1 basis point
• 5 year 2.829%, unchanged
• 10 year 2.708% unchanged
• 30 year 2.970%, +2.2 basis points

In the forex

• USDCAD is moving higher after oil prices dipped below the $90 level. The USDCAD is approaching a downward sloping trendline at 1.2879. The high price just reached 1.2874. The pair broke above the 100 and 200 hour moving averages at 1.28389 and 1.28419 respectively
• EURUSD traded between its 200 hour moving average 1.0193 and 100 hour moving average at 1.02053, but backed off in early North American trading (low price reached 1.01595. The current price is trading back higher at 1.0185 and approaching the moving averages once again. A move above would tilt the technical bias a little more to the upside.
• GBPUSD cracked below its 200 hour moving average with momentum after the BOE decision. That moving average comes in at 1.2138. The low price extended to 1.2064 and bounced. The price is back above the low from yesterday (at 1.2101) and a swing area between 1.2080 and 1.2102.

For a technical look at the major currencies see my morning video HERE.