US stock indices trading mixed at the open for the trading day

<p>The major US stock indices are mixed in early US trading. A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average -83.40 points or -0.22% at 37185.50</li><li>S&amp;P index up 20.63 points or 0.45% at 4760.50</li><li>NASDAQ index is leading the way with a gain of 155 points or 1.04% at 15008.10</li></ul><p>The small-cap Russell index is rebounding with a gain of 7.01 points or 0.37% at 1920.09. After surging by 12.05% in December, the index is down 5.36% so far in 2024.</p><p>US yields are higher after over than expected initial jobless claims reversed the debt market:</p><ul><li>2-year yield 4.356% +0.3 basis points</li><li>5-year yield 4.037% +1.4 basis points</li><li>10 year yield 4.124% +2.1 basis points</li><li>30-year yield 4.345% +3.3 basis points</li></ul><p>Looking at other markets as US stock trading gets underway:</p><ul><li>Crude oil is trading up eight cents at $72.65</li><li>Gold is higher by $5.23 or 0.26% at $2011.11</li><li>Silver is down seven cents or -0.32% at $22.47</li><li>Bitcoin is trading at $42,518. The high price on January 11 reached $49,048. Since then the price is down -12.8% despite the approval of the bitcoin ETFs.</li></ul><p>Looking at the major European indices, indices are rebounding after a couple of days of downward momentum:</p><ul><li>German DAX is up 0.56%</li><li>France CAC +0.84%</li><li>UK FTSE 100 +0.05%</li><li>Spain's Ibex +0.15%</li><li>Italy's FTSE MIB +1.01%</li></ul><p>At 11 AM, the EIA weekly oil and gas inventory data will be released:</p><ul><li>Crude oil inventory expected to have a drawdown of -0.313M</li><li>Distilates inventory expecting a build of 0.880M</li><li>Gasoline inventories expecting a build of 2.150M</li></ul><p>The private data released late yesterday showed much higher-than-expected builds.</p>

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