The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week

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The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week

The US stock markets are open and trading, and the major indices are lower led by the Dow industrial average. For the trading week both the S&P and NASDAQ index are higher as they extended to all-time highs this week. The Dow industrial average is not higher today nor for the trading week.

A snapshot of the market currently shows:

• Dow Industrial Average average -205 points or -0.53% at 38444
• S&P index -13.72 points are -0.25% at 5419.88
• NASDAQ index -7.99 points are -0.05% at 17660.

For the trading week, the NASDAQ index is a leading the way with a solid 3% gain currently:

• Dow Industrial Average average -0.98%
• S&P index +1.34%
• NASDAQ index +3.07%

Apple is the star performer this week with a gain of 8.55% as they are worldwide developers conference impressed the market concerning its AI plans within its product mix.

Nvidia shares are also enjoying an 8% gain for the week.

Microsoft shares are up 4.06%. Apple and Microsoft are battling for the largest capitalized stock with both valued near $3.28 trillion.

In the US debt market, the yields are lower with the longer end leading the way lower:

• 2-year yield 4.687%, -0.1 basis points
• 5-year yield 4.224%, -1.1 basis point
• 10 year yield 4.213%, -2.7 basis points
• 30-year yield 4.347%, -5.3 basis points

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

Source: The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week

forexlive.com