And they are off. US stocks are marginally higher in the early trading

And they are off…

US stocks are officially open and the major indices are marginally higher after closing at record levels yesterday. The Dow is higher. the S&P is trading above and below unchanged while the NASDAQ index is also trading above or below unchanged.

The small-cap Russell 2000 sniffed its all-time record high from November 2021, but is lower in early trading.

A snapshot of the market currently shows six minutes into the open is showing:

• Dow industrial average +61.83 points or 0.14% at 44354.96
• S&P index up 5.61 points or 0.09% at 6006.96
• NASDAQ index up 12.46 points or 0.06% at 19311.22

The small-cap Russell 2000 is down -10.16 points or -0.42% had 2424.80.

SHopify shares are up over 20% after reporting that an expected earnings and revenues. Revenue growth marked its six consecutive quarter of greater than 25% revenue growth. Gross margins for the quarter was 51.7%.

Home Depot also reported earnings and it shares are currently up about 1% on the day

In the US debt market, yields are higher after traders for the day off yesterday in observance of Veterans Day.

• 2year yield 4.327%, +7.3 basis points.
• 5-year yield 4.281%, +8.9 basis points.
• 10-year yield 4.380%, +7.2 basis points
• 30 year yield 4.522%, +4.4 basis points

This article was written by Greg Michalowski at www.forexlive.com.