US stocks are set to open higher after better CPI data

<p>The major stock indices are set to open higher after the better-than-expected CPI data this morning.</p><p>The futures are currently implying:</p><ul><li>Dow Industrial Average up 250 points</li><li>S&amp;P index up 41.5 points</li><li>NASDAQ index up 172 points.</li></ul><p>The major indices have been up for 2 consecutive days to start the trading week.</p><p>Microsoft shares are higher. Yesterday, Microsoft's $69 billion megamerger with Activision Blizzard was granted a significant advantage, as a federal court judge dismissed U.S. antitrust concerns on Tuesday. </p><ul><li>Microsoft shares are trading at $335.70 up from $332.47 yesterday. </li><li>Nvidia shares are trading at $430 after closing at $424.05 yesterday.</li><li>Apple is trading at $189.61 up from $188.03</li><li>Adobe shares are trading higher at $509.94 after closing at $504.74 yesterday</li></ul><p>US yields are lower despite the fact that the expectations for a July hike remain near 90%:</p><ul><li>2 year yield 4.754% -14.1 basis points</li><li>10 year yield 3.904% -7.7 basis points</li><li>30 year yield 4.00% -2.1 basis points</li></ul><p>the U.S. Treasury will auction off 10 year notes at 1 PM ET</p>

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