Stocks choosing higher at the start of the trading day

<p>US stocks indices and traders are choosing higher at the start of the trading day after trading above and below unchanged off of the higher-than-expected CPI data. Although inflation data was a bit higher than expectations, the feeling is the worst is behind. </p><p>US yields are trading near the middle of the ranges but mostly still lower on the day:</p><ul><li>2 year 4.341% -3.0 basis points</li><li>5-year yield 3.959% -2.1 basis points</li><li>10-year 4.022% -0.8 basis points</li><li>30-year 4.21% +1.2 basis points</li></ul><p>Taking a look at the major indices nine minutes into the open is showing:</p><ul><li>Dow Industrial Average up 11.88 points or 0.03% at 37707.62</li><li>S&amp;P index up 10.2 points or 0.21% at 4793.66</li><li>Nasdaq index up 77.54 points or 0.52% at 15047.19</li></ul><p>The small-cap Russell 2000 is lower on the day. It is currently down -9.33 points or -0.47% at 1960.92.</p><p>Bitcoin ETF's are starting trading and they are higher.</p><ul><li>Grayscale (GBTC) is up 5.2%</li><li>Invesco Galaxy Bitcoin ETF is up 4.07%</li><li>Ishares Bitsoin Trus (IBIT) is up 4.51%</li></ul>

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