US stocks up modestly after the sharp declines yesterday

The major US stock 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 marginally higher in early US trading:

• Dow industrial average up 13.9 points or 0.05% at 3115.20
• S&P up 2.99 points or 0.08% at 3935.71
• 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 up 2 points or 0.02% at 11636.90
• Russell 2000 down 5.5 points or -0.30% at 1825.80

The small gains come after the 3 major indices declined the most since June 2020 yesterday. Stocks are not out of the woods yet.

In the US debt market, yields are off their highest levels after PPI data came in as expected/a little worse. The headline number came in at -0.1% as expected. The core measure came in at 0.4% vs. 0.3% expected. The year near numbers were lower as sharp rises from a year ago dropped out of the equation.

• 2 year yield 3.794%, +3.6 basis points
• 5 year 3.605%, +2.6 basis points
• 10 year 3.427%, +1.7 basis points
• 30 year 3.504% +1.4 basis points

In other markets:

• spot gold is trading up $2.37 or 0.14% at $1703.50
• spot silver is up $0.22 or 1.14% at $19.54
• WTI crude oil is trading at $88.77 that's up $1.45
• The price bitcoin is trading near closing levels from yesterday at $20,277

In the forex market, the

• USDJPY has moved to a new session low in the early US session and tested the 200 hour MA at 142.586 in the process. Move below would give sellers more comfort. Stay above and teh 100 hour MA at 143.164 will be eyed.
• The USDCAD moved up to test the highs from the last two weeks at 1.3207 today, but backed off. The price trades at 1.3181 currently.
• The EURUSD trades above and below the parity level and the 200 hour MA at 0.9998.
• The GBPUSD is trading above and below is 200 hour MA at 1.1554.

The JPY is the strongest and the CAD is the weakest of the major currencies.