US major indices trade higher as traders balance inflation w/ increased demand from China

The major US stock indices are opening higher after retail sales came in about as expected with the control group (a feed into GDP) showing stronger growth. The hopes for a China reopening is also good news at least for growth, but for inflation, it may not be. The markets have been able to digest the typical bearish comments from Fed's Bullard. The Fed Chair Powell will speak to inflation later today (2 PM).

For now, the stocks have a solid gains across the board.

The snapshot of the market currently shows:

• Dow industrial average up 315 points or 0.96% at 32532.50
• S&P index up 53.8 points or 1.34% at 4062.55
• 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 index up 243 points or 2.08% at 11905.43
• Russell 2000+36.08 points or 2.02% at 1819.51

Home Depot reporting better earnings today which is helping the Dow industrial average. There stock is up $10.21 or 3.45%

A snapshot of other markets shows:

• spot gold trading up $2.50 or 0.14% $1826.85
• spot silver Silver Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Read this Term up $0.08 or 0.41% at $21.67
• WTI crude oil futures are trading up $0.72 at $114.95
• The price bitcoin is moving higher and trades at $30,634

In the US debt market, the yields are trading higher:

• 2 year 2.665%, +9.7 basis points
• 5 year 2.927% +10.7 basis points
• 10 year 2.964% +8.3 basis points
• 30 year 3.153% +7.0 basis points