US stocks higher and on pace for gains for the trading week

The major stock indices are opening mostly hired for the day and are on pace for gains for the week.

A snapshot of the market currently shows:

• Dow industrial average is trading up 168 points or 0.42% at 39554. The index is on pasteboard eight consecutive up day. For the week the index is up 2.27%.
• S&P index is trading up 19.9 points or 0.39% at 5233.60. The index is up 2.08% on the week.
• NASDAQ index. Is trading up 64.98 points or 0.40% at 16411.86. The index is up 1.58% for the week

The small-cap Russell 2000 is also higher by 4.69 points or 0.23% at 2078.32. For the week the index is up 2.08%

Looking at the US that market, yields are trading higher:

• 2-year yield 4.838%, +3.1 basis points
• 5-year yield 4.496%, +3.7 basis points
• 10 year yield 4.488%, +4.0 basis points
• 30-year yield 4.633%, +3.3 basis points

A snapshot of other markets as stock trading gets underway shows:

• crude oil is up $0.53 or 0.67% at $79.80.
• Gold is trading up $20.30 or 0.86% at $2365.75.
• Silver is trading down two cents or -0.09% at $28.29
• Bitcoin is trading at $63,008.

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