S&P and NASDAQ index up for the third day in a row

The S&P and NASDAQ and are working on their third day in around higher. The NASDAQ is leading the way with a gain close to 0.75% in early trading. The Dow Industrial Average is marginally lower. The small-cap Russell 2000 is trading near unchanged as rates rise.

A snapshot of the market currently shows:

• Dow industrial average -28 points or -0.07% at 38471.
• S&P index +14.66 points or 0.28% at 5085.43
• NASDAQ and 118 points or 0.74% at 15813.46.

The small-cap Russell 2000 is trading up 0.88 points or 0.05% at 2003.42.

• Tesla shares are trading at $16 or 10.98% at $160.56 after promising that new models would be coming before the expected 2H of 2025.
• Visa shares are up $6.04 or 2.21% at $280 after their earnings after the close yesterday.
• Texas Instruments are higher by $9.31 or 5.61% at $174.69 also after better-than-expected earnings after the close yesterday
• Boeing shares are up $2.96 or 1.75% at $172.10 after announcing its earnings this morning
• General Dynamics trading down $10.79 or -3.69% at $281.93 after EPS missed.
• AT&T is trading up 1.45% at $16.74. EPS beat but revenues missed.

Other key earnings this week:

• Wedsnesday after the close: Meta Platforms, IBM, Ford, Chipotle, ServiceNow, Lamb Research
• Thursday: American Airlines, Caterpillar, Southwest, Bristol-Myers Squibb. After close Microsoft, Alphabet, Intel, Western Digital, T-Mobile, Gilead.
• Friday: Exxon Mobil, Chevron, Colgate-Palmolive.

US yields are higher. Durable goods orders was fairly solid at least the headline:

• 2-year yield 4.933%, +2.8 basis points
• 5-year yield 4.656%, +3.4 basis points
• 10 year yield 4.635%, +3.7 basis points
• 30-year yield 4.760%, +3.7 basis points

in other markets,:

• Crude oil is trading down $0.50 or -0.59% at $82.87.
• Gold is trading up $1.27 or 0.06% at $2322.81.
• Bitcoin is trading at $66,186 little change from early US trading. The high price today reach $67,057. The low price was at $65,816

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