February 2, 2023

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US stocks indices mixed in early US trading

1 min read

S&P marginally higher. Dow stocks are lagging

The major US stock indices are trading mixed in early trading with the S&P of marginally. The Dow industrial average lagging. The snapshot of the market currently shows:

  • S&P index up 2.75 points or 0.07% at 4189.47
  • NASDAQ index down 23.5 points or -0.17% at 14066.71
  • Dow industrial average -131.99 points or -0.39% at 33852.94

Later after the close both Apple and Facebook will report their earnings. Facebook shares are currently up 1.13% while Apple shares are up 0.11%. Last night Alphabet handily beat expectations. There stock is up 4.14%. Microsoft also beat expectations, but there stock is currently down -2.48%.

In other markets as US trading gets underway:

  • Spot gold is down $-7.60 or -0.43% $1769
  • WTI crude futures are up $0.75 or 1.2% at $63.73
  • Bitcoin is down for and $68 and -0.05% at $54,723

in the US debt market, the yields are mixed:

  • 2-year 0.175%, -0.3 basis points
  • 5 year 0.81%, unchanged
  • 10 year 1.630%, +0.9 basis points
  • 30 year 2.295%, +0.2 basis points

A snapshot of the forex market is showing the NZD is the strongest of the majors, while the AUD is now the weakest (the GBP was the weakest at the start of the North American session, but has rallied in early NY trading).  The US dollar remains more positive with gains of 0.22% to 0.28% against most currencies with the exception of the NZD and the CAD. 

The US dollar is mostly higher

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