US stocks mixed ahead of the open

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 giving up some of their earlier gains after the higher than expected inflation data in the US. Apple and Amazon are still higher after better-than-expected earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term. Intel is getting walloped after missing on the top and bottom line and lowering expectations going forward. Exxon and Chevron are both higher after reporting better-than-expected earnings

The futures are currently implying:

• Dow industrial average -21 points vs. +52 points near the start of the New York session
• S&P index up 11.5 points vs. +22 points at the start of the New York session
• NASDAQ index +56 points vs. +99 points at the start of the New York session

In the US debt market,

• 2 year yield is up 7.1 basis points at 2.937%
• 10 year yield is up 3.6 basis points 2.716%
• 30 year yield is up 1.7 basis points at 3.043%

In other markets

• Gold is trading near unchanged at $1756.30
• Silver is down $0.03 and $19.95 after trading as high as $20.21. The high today was the highest level since July 1

The US dollar is moving higher (trading at the highest levels for the day)

• EURUSD is back below its 200 and 100 hour moving averages (100 hour moving average 1.01806). The current prices trading at 1.0149. The low from yesterday at 1.01129 tested the 50% midpoint of the move up from the July 14 low. Move below that level increases the bearish bias. The low for the week reached 1.00951. That would be another target on the downside.
• GBPUSD: The GBPUSD is breaking below its 100 hour moving average at 1.20949. The 200 hour moving average comes in at 1.2041. The current prices trading at 1.2070. The 200 hour moving average is joined by a upward sloping trendline on the hourly chart.

• USDJPY. The USDJPY has move back above its swing low from June 23 at 134.230 and has nearly completed the down and up lap for the day now. The high for the day reached 134.666. That is just below a swing area between 134.67 and 134.77

USDCHF: The USDCHF has rebounded back toward the falling 100 hour MA at 0.9603 after successfully testing and holding the low from June 28 at 0.94945. The low for the day reached the nice round number of 0.9500 before bouncing higher. The price traded above the 100 hour MA on Wednesday and again yesterday, but could not sustain upside momentum. Above the 100 hour MA sits the 100 day MA at 0.96147 which is also a key level that would need to be re-broken and stay broken if the buyers are to take back more control in this pair.