Major indices are mixed as the US trading gets underway

<p>The major US stock indices at 10 minutes into the open and are trading mixed. The Dow industrial average which was lower yesterday, is modestly lower again today. The S&amp;P and NASDAQ are higher, but off their premarket high levels. A snapshot the market shows:</p><ul><li>Dow industrial average -15.95 points or -0.05% at 34447.75</li><li>S&amp;P index up 9.96 points or 0.23% at 4409.72</li><li>NASDAQ index of 53.33 points or 0.40% at 13550.92</li></ul><p>Shares of Nvidia are higher but not the size premarket levels. The current price is up $1.82 or 0.39% at $471.49 (they were up about 1.3% in premarket trading).</p><p>Microsoft shares are trading up $2.04 or 0.63% at $323.75 as it proposes a new solution to the Activision merger for UK authorities. The EU is now asking that Microsoft resubmit its new proposal for their perusal as well.</p><p>Tesla shares are up $4.77 or 2.08% after sharp gains yesterday.</p><p>Moderna shares are up for the 4th day out of 5. The price is up $3.10 or 2.80% in early US trading.</p><p>In the US debt market, yields are now higher after trading modestly lower earlier in the day:</p><ul><li>2 year yield 5.037%, +4.5 basis points</li><li>5 year yield 4.498%, +4.0 basis points</li><li>10 year yield 4.36%, up 1.8 basis points</li><li>30 year yield 4.45%, down -0.3 basis points</li></ul><p>The USD is seeing upside momentum with the reversal in yields:</p><ul><li>EURUSD is looking to test last Friday's low price at 1.08442. The low prices reach 1.0849. Earlier, today the price tested its 100-day moving average up at 1.0930 and found willing sellers. The fallback below the 200-hour moving average currently at 1.09156, and then the 100-hour moving average 1.0884, opening the door for the sellers to take back control.</li><li>USDJPY: The USDJPY is retracing earlier declines, and in the process is back above its 100-hour moving average at 145.825. The current price is trading at 146.08. On the top side, the high from yesterday and the high today stalled at 146.40. There is a swing area between 146.299 and 146.40</li></ul><p>For a view of the technicals for the EURUSD, USDJPY and GBPUSD today click <a href="https://www.forexlive.com/technical-analysis/august-22-2023-kickstart-the-fx-trading-day-w-a-look-at-the-eurusd-usdjpy-and-gbpusd-20230822/" target="_blank" rel="follow">HERE </a>. For a view of the technicals for the USDCAD, AUDUSD and NZDUSD click <a href="https://www.forexlive.com/technical-analysis/a-technical-look-at-the-usdcad-audusd-and-nzdusd-for-the-us-trading-session-20230822/" target="_blank" rel="follow">HERE</a>. </p>

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