Major stock indices are opening marginally lower

Technical Analysis

Author: Greg Michalowski | sp

Final trading day of the week

The major stock indices in the US are opening marginally lower to start Friday trading. The S&P and NASDAQ are trading just below unchanged. 

A snapshot of the markets currently shows
  • S&P index -2.9 points or -0.08% 3579.03
  • NASDAQ index -14 points or -0.12% 11890
  • Dow industrial average -57 points or -0.2% and 29423
In other markets:
  • Spot gold is trading up $11 or 0.6% at $1877.93
  • Spot silver is trading up $0.40 or 1.64% at $24.44
  • WTI crude oil futures are trading down $0.14 or -0.34% of $41.60
In the US debt market:
  • 2 year yield 0.161%, unchanged
  • 5 year 0.381%, +0.8 basis points
  • 10 year 0.845%, +1.6 basis points
  • 30 year 1.557%, +1.2 basis points
In the forex market, the order of the strongest of the weakest remains exactly the same as it was at the beginning of the New York session. The NZD is the strongest followed by the AUD. The JPY and EUR are the weakest.   The USD is modestly lower overall from earlier NY levels. 

The USD is mixed
For the week, the Dow is marginally lower at -0.18%. The S&P index is up 1.13% this week and the Nasdaq is up 0.5%
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