US stocks open mixed. NASDAQ is lower. S&P is near unchanged.

US stocks are opening mixed with the NASDAQ lower. The S&P is trading above and below unchanged. The Dow industrial average is marginally higher. A snapshot of the market eight minutes into the open is showing:

• Dow industrial average up 84.29 points or 0.22% at 37837.61
• S&P index is down -6.51 points or -0.13% at 5015.71.
• NASDAQ index is down -50.60 points or -0.32% at 15632.77.

The small-cap Russell 2000 indexes up 0.21 points or 0.01% at 1948.16.

For the trading week:

• Dow industrial average -0.24%
• S&P index -2.02%
• NASDAQ index -3.35%
• Russell 2000-2.69%

US yields have moved higher after the stronger than expected Philadelphia Fed index. The initial and continuing jobless claims were steady and indicative of a solid employment picture. NY Fed Pres. Williams reiterated that policy is a good place and that the Fed is not very to cut rates.

• 2-year yield 4.975%, +4.3 basis points
• 5-year yield 4.660%, +4.3 basis points
• 10-year yield 4.622%, +3.7 basis points
• 30 year yield 4.720%, +2.2 basis points

in other markets:

• crude oil is trading down six cents at $82.62.
• Gold is trading at $17.30 or 0.73% at 2377.28
• Bitcoin is trading at $62,331

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