US stocks open higher. Higher closes for 8 straight weeks | Forexlive


US stock trading for the holiday-shortened week is off and running. The major indices are all trading modestly higher led by the Nasdaq index. The week starts with the major indices up for 8 consecutive weeks.

A snapshot of the market currently shows:

Dow Industrial Average up 24.7 points or 0.07% at 37412S&P index of 10.68 points or 0.23% at 4765.40NASDAQ index up 55 points or 0.36% at 15045.

US yields are trading mixed:

2-year yield 4.377% +3.7 basis points5-year yield 3.903% +1.5 basis points10 year yield 3.907% unchanged30-year yield 4.055% -0.4 basis points

Forex rates are trading quietly:

EURUSD is trading in a narrow 25 PIP trading range (average over last 22 days is 71 pips)GBPUSDh as only a 39 trading range (average of the last 22 days is 94 pips)USDJPY is only a 44 pip range versus is average of 163 pips

In other markets:

crude oil is up $1.90 or 2.6% at $75.47gold is up $2.56 or 0.13% at $2055.20Bitcoin is trading at $42,671. On Friday it closed at $44,002.



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