Major indices trading marginally lower in early US trading

Major US stock indices are trading marginally lower in early US trading. Recall that yesterday, all three indices closed at record levels. The S&P is now closed at a new record highs a total of 20 times in 2024.

A snapshot of the market, eight minutes into the open is showing:

• Dow industrial average of -7.60 points or -0.02% at 39773.78
• S&P index up 0.92 points or 0.02% at 5242.46
• NASDAQ index -6.32 points or -0.04% at 16395.52

For the trading week:

• Dow industrial average is up 2.73%
• S&P index is up 2.42%
• NASDAQ index is up 2.56%

US yields are trading lower and are on pace for declines this week:

• two year yield 4.593%, -3.9 basis points and down 13.9 basis points this week
• five year yield 4.198%, -5.5 basis points and down -13.4 basis points this week
• 10 year yield 4.205% -6.5 basis points and down -10.4 basis points this week
• 30-year yield 4.377%, -6.5 basis points and down -5.4 basis points this week.

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