The major US stock indices are opening higher despite the Netflix woes which has there stock down over $100 or -29% from the close yesterday in early trading.
A look at the markets currently shows:
- Dow industrial average up 273 points or 0.79% at 35187
- S&P index up 24.6 points or 0.55% at 4486.71
- NASDAQ index up 44 points or 0.32% at 13662.87
- Russell 2000 up 18.59 points or 0.92% at 2049.49
Taking a snapshot of other markets shows:
- Spot gold is trading down two dollars or -0.10% at $1947.95
- Crude oil is trading at $102.89 up $0.83. Inventory data will be released at 10:30 AM ET. Expectations for crude oil inventories are for a build of 2.471 million. The private data yesterday near the close showed a surprise drawdown of 4.5 million barrels.
- Bitcoin is trading at $41,890. That's up about $380
The US debt market,
- 2 year 2.609%, +1.3 basis points
- 5 year 2.896%, -2.2 basis points
- 10 year 2.898%, -4.2 basis points
- 30 year 2.949%, -4.9 basis points.
The 30 year yield reach day cycle high of 3.03% earlier today before rotating back to the downside.
