US stocks higher but off levels implied by the stock futures

<p>The premarket levels employed by the futures were higher than the opening levels, with the NASDAQ index lagging at the open. A snapshot of the market currently shows:</p><ul><li>Dow industrial average up 94 points or 0.28 percent at 34614.59</li><li>S&amp;P up 10.37 points or 0.23% at 4454.10</li><li>NASDAQ index up 13.25 points or 0.10% at 13692</li></ul><p>US yields are lower ahead of the FOMC rate decision at 2 PM ET.</p><ul><li>2 year yield 5.062% -4.7 basis points</li><li>5 year yield 4.474% -4.8 basis points</li><li>10 year yield 4.328% -3.8 basis points</li><li>30 year yield 4.399% -2.8 basis points</li></ul><p>In other markets:</p><ul><li> crude oil is trading lower today despite the sharp drawdown in the private inventory data late yesterday of about -5 million barrels. The EIA will release their inventory levels at 10:30 AM with crude oil inventories expected to see a drawdown of -2.2 million barrels. Gasoline stocks are expected to see a buildup of 0.317 million barrels and distillates are expected to show a buildup of 0.217 million barrels. WTI crude oil futures are trading down $0.93 or -1.03% $89.54</li><li>Gold is trading up $4.64 or 0.24% at $1935.96</li><li>Bitcoin is trading at $27,087</li></ul>

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