Major indices higher at the start of the day
The US major stock indices are adding to their Monday gains at the New York opening.
Yesterday the S&P index rose 1.11%, the NASDAQ index rose 1.32% and the Dow industrial average added 1.06%.
Today, the gains may not be as great, but they are still solid. A snapshot of the numbers a few minutes into the opening are showing:
- S&P index, +15.64 points or 0.54% at 2894.02
- NASDAQ index up 46.8 points or 0.60% at 7900.53
- Dow industrial average up 124 points or 0.48% at 26023.33
A snapshot of the US debt market shows a flattening (even negative) of the US yield curve. 2 years yields are higher marginally while 10s and 30s are lower. The 2-10 year spread is now negative by 3.43 basis points.