Major US stock indices open with solid gains as inflation eases

<p>The major US stock indices are opening with solid gains as inflation eases. Core PCE data in the US rose 0.1% less than 0.2% expected. The year on year fell to 3.9% from 4.3% last month.</p><p>US yields are lower are helping the rebound:</p><ul><li>2-year yield 5.026% -4.4 basis points</li><li>5-year yield 4.568% -7.5 basis points</li><li>10-year yield 4.519% -7.5 basis points</li><li>30 year yield 4.662% -6.6 basis points</li></ul><p>A snapshot of the market 3 minutes into the open is showing:</p><ul><li>Dow industrial average +150 points or 0.44% at 33815</li><li>S&amp;P index +27.42 points or 0.63% at 4326.30</li><li>NASDAQ index +135.11 points or 1.02% at 13336.08</li></ul><p>For the trading week, the gains today have pushed the border indices back into positive territory:</p><ul><li>Dow industrial average is still down -0.52%</li><li>S&amp;P indexes +0.14%</li><li>NASDAQ index is up 0.95%</li></ul><p>The bad news is for the month of October, the S&amp;P and NASDAQ are on pace for their worst month since December 2022. The snapshot of the month to date shows:</p><ul><li>Dow industrial average -2.65%</li><li>S&amp;P index -3.98%</li><li>NASDAQ index -4.93%</li></ul><p>For the 3rd quarter:</p><ul><li>Dow industrial average -1.69%</li><li>S&amp;P index -2.74%</li><li>NASDAQ index -3.28%</li></ul>

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