US stocks open with solid gains after better-than-expected CPI

Needless to say 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 are trading higher in early New York trading after better-than-expected CPI. The gains are led by 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 which is up over 2% on the day. A snapshot of the market currently shows:

• Dow industrial average up 445 points or 1.36% at 33219.78
• S&P index up 66.31 points or 1.61% at 4188.79
• NASDAQ index up 264 points or 2.11% at 12758.03
• Russell 2000 up 34.14 points or 1.78% at 1947.03

US yields are lower led by declines in the short end as expectations for a 75 basis point hike get priced out of the market. Today the US treasury will auction off 10 year notes at 1 PM ET. Tomorrow they will auction off 30 year bonds at the same time.

• 2 year yield 3.127%, -14.7 basis points
• 5 year yield 2.864%, -9.9 basis points
• 10 year yield 2.743%, -4.0 basis points
• 30 year yield 3.007%, -1.3 basis points

Looking at other markets:

• Gold is not really reacting to the lower dollar. It currently trades down $1 at $1793.
• Spot silver is trading up 3.9 cents at $20.53
• crude oil is trading back below the $90 level at $89.74
• Bitcoin is running higher on risk on flows. It currently trades at $24,062.

In the forex, the USD is the weakest of the major currencies. The JPY is the strongest.