Dow Industrial average is lower. NASDAQ higher to start the new trading day

As the US stock trading gets started, the Dow is lower as Amex (-4.25%)and P&G (-1.75%) weigh on that index after earnings disappointed. The Nasdaq is moving higher led by Netflix after their earnings (+9.5%).

A snapshot of the market is showing:

• Dow down -125.69 points or -0.29% at 43113
• S&P +14.76 points or +0.25% at 5856.23
• Nasdaq up 127.15 points or +0.69% at 18500.76

In the US debt market, yields are lower after gains this week:.

• 2 year yield 3.956%, -2.8 basis points
• 5-year yield 3.879%, -2.8 basis points
• 10 year yield 4.076%, -1.9 basis points
• 30 year yield 4.379%, -1.5 basis points

The expectations for a 25 basis point cut are still 90%.

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



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