Major US stock indices set to open higher

US stocks are set up a higher

• Dow industrial average up 334 points
• S&P index up 43 points
• NASDAQ up 158 points

Last week, the major indices closed lower on the week:

• Dow industrial average -2.37%
• S&P index -1.56%
• NASDAQ and -0.45%

in the news :

• Tesla has announced that they would reduce workforce by 10%
• Goldman Sachs blew out their first-quarter earnings. EPS $11.58 versus $8.56
• Schwab earnings and revenues marginally higher.
• Apple said that Q1 iPhone shipments fell 10%

US yields are higher with the 2-year up 8.8 basis points. The 10 year yield is up 10.7 basis points

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