Modest changes in the major indices after record closes yesterday

The three major stock indices closed at record levels yesterday after sharp gains to the upside.

Today, the price action is little changed/mixed.

A snapshot of market 15 minutes into the open is showing:

• Dow Industrial Average down -6 points or -0.04% at 39898
• S&P index is up 4.32 points or 0.08% at 5312.38
• NASDAQ index is up 13.29 points or 0.08% at 16755.90.

The US yields are now higher after the dump of data today. Initial jobless claims came off their high levels from last week.

• 2 year yield 4.782%, +4.7 basis points
• 5 year yield 4.392%, +3.6 basis points
• 10 year yield 4.371%, +1.5 basis points
• 30-year yield 4.5.3 percent, +0.3 basis points

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