Started by forex4you, May 27, 2023, 08:57 am
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The major stock indices are moving to the upside in early US trading. The gains are being led by the NASDAQ index up about 0.5%. The Dow Industrial Average is up around 0.25% and trying to snap a 5 day decline. The NASDAQ soared by over 200 points yesterday on the back of Nvidia which rose over 24%. Nvidia's gains are Intel's losses and it's shares fell -5.5% yesterday which contributed to the Dow industrial averages decline yesterday.
A snapshot of the market 8 minutes into the open is showing:
Looking at some of the big cap High flyers, they are lagging as the focus goes to "other stocks" today:
In the US debt market, yield to be moving higher in the short end, as better US data increases the chance of a June/July hike
The USD is back to the upside after correcting lower in the European session:
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