US indices marginally higher to start the trading day

<p>The US major stock indices are marginally higher as trading gets underway. The markets seem a bit hesitant to move higher. The NASDAQ index has declined by around -1.1% for 2 consecutive days. It is holding onto a very small gain 15 minutes into the open. A snapshot of the market shows:</p><ul><li>Dow industrial average up 74.14 points or 0.21% at 34839.89</li><li>S&amp;P index up 8.75 points or 0.20% at 4413.07</li><li>NASDAQ index up 5.8 points or 0.04% at 13480.43</li></ul><p>A snapshot of the interest rate market shows that yields are mixed with the two-year down but the 30-year higher. The 10-year yield is trading at its highest level for the year and looks to approach the 2022 high at 4.335%. The high-yield has reached 4.312% today.</p><ul><li>2 year yield 4.942%, -3.8 basis points</li><li>5 year yield 4.413%, +0.6 basis points</li><li>10 year yield 4.293% +3.4 basis points</li><li>30 year yield 4.408%, +4.8 basis points</li></ul><p>in other markets:</p><ul><li>Crude oil is trading up $1.02 or 1.28% at $80.41. The low price rate $78.95. There has been support near the $79 level. That level held yesterday and again today</li></ul><ul><li>Gold is trading up $5.36 or 0.28% at $1897.32</li><li>Silver is trading up $0.36 or 1.65% or $22.77</li><li>Bitcoin is remaining below the $29,000 level and moving more to the downside at $28,377</li></ul><p>The <a href="https://www.forexlive.com/news/august-us-philly-fed-manufacturing-index-120-vs-100-expected-20230817/" target="_blank" rel="follow">Philadelphia Fed index</a> game and sure than expected at 12.0 versus -10.0 expected. Employment was lower, but new orders and prices paid increased.</p><p><a href="https://www.forexlive.com/news/us-initial-jobless-claims-239k-vs-240k-estimate-20230817/" target="_blank" rel="follow">US initial jobless claims</a> came in your expectations.</p><p>The US leading index is expected to remain negative at -0.4%. The leading index has not been above 0.0 since March 2022 as it continues to push toward a US recession (maybe one day it will be right).</p>

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