Dow industrial average leads. NASDAQ lacks
The major US stock indices are trading in positive territory in early session trading. A snapshot of the market currently shows:
The early buying is in contrast to selling to right before the opening in the futures. Go figure.
Zoom shares are not forecasting a return to shut down as the sink to a 52 week low at $195.71. The high price for the year reached $451. Shares are down over 45% on the year
Apple shares are down 2.5% after reports that sales were slowing due to supply constraints. Apple trade near $170 early in this week. It is currently trading at $160.56. Demand is outstripping supply due to the chip shortage.
Crude oil is trading around $64.51 after reaching a low of $62.46. OPEC+ announced that they would continue with the production rises of 400 K per month, but did say they could change that given market conditions (read a slow down from Covid variants).
In the US debt market, the yield curve continues to flatten: